Liberalism in crisis -- Ireland: between development and crisis -- Capital: the triumph of finance -- Europe: between market and diversity -- National politics: governing fragmentation, fragmented governance -- Crisis: the difficult politics of development and liberalism

"If governments followed the optimal fiscal policy path, surpluses in good times would counter necessary deficits during economic downturns, leading to worldwide balance. The world, however, has chosen to go in a different direction in recent decades, avoiding thrift in light of a decidedly more...