Freedom to plan : on Kapp's institutional outlook / Michele Cangiani -- Political democracy and social costs : reading K.W. Kapp's "Political economy" today / Regine Heidenreich -- Social costs, social rights and the limits of free market capitalism : a re-reading of Kapp / Maurizio Franzini --...

1. Introduction : 'the most significant changes since World War II' -- 2. The crisis and the role of the media -- 3. The housing bubble -- 4. Saving the banks -- 5. The EU-IMF bailout and the default option -- 6. Austerity, or class warfare -- 7. Beyond the eurozone? -- 8. Conclusion.

"The last few decades have witnessed the emergence of economic imbalances at the world level and within the euro zone. The failure of mainstream economics to accurately predict financial crises, or model the effects of finance-led growth, highlights the need for alternative frameworks. A key...