'This book makes a difference compared with the mass of existing crisis literature. Exploring a variety of heterodox approaches, it clearly discusses the important issues behind the well known facts: the dynamics of capitalism leading to the current crisis, the character of the crisis as mainly...

"The Subprime crisis largely resulted from failures to internalize systemic risk evenly across financial intermediaries and recognize the implications of Knightian uncertainty and mood swings. A successful reform of prudential regulation will need to integrate more harmoniously the three...

Global crises are very rare events. After the Great Depression and the Great Stagflation, new macroeconomic paradigms associated with a new policy regime emerged. This book addresses how some macroeconomic ideas have failed, and examines which theories researchers should preserve and develop. It...