–“natural rate theory”- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy …. Economic trends were filtered through the lens of the “natural rate theory,” focusing on labor market institutions only and … confronts the economic trends with the interpretations of the “natural rate theory” and argues that they hardly fitting the …

aspects of Schumpeter's business cycle theory to which Labini draws attention. In the last section, I present Sylos Labini …'s business cycle theory, an interesting mix of Schumpeterian, Keynesian and Marxian elements. …

Contents: Part I: The crisis and the mainstream theory -- 1. A brief description of the crisis -- 2. The mainstream … economists and the crisis -- 3. The limits of the mainstream theory -- Part II: An alternative theoretical approach -- 4. Keynes … and the monetary theory of production -- 5. Finance and risk -- 6. Savings decisions, wealth and speculation -- 7. Money …