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The world economy is on the brink of a profound crisis. The threat of global deflation and the emergence of chronic excess global capacity characterizes the contemporary phase of crisis and stagnation. He explores the historical origins and theoretical tendencies of this protracted crisis from a Keynes/Kakecki perspective.
This text develops an original critical analysis of the origins and evolution of the euro and the current debt crisis that envelops the euro-zone. Lucarelli provides an essential contribution to the critique of the existing economic theories that continue to inform the evolution of the euro.
The world economy is on the brink of a profound crisis. The threat of global deflation and the emergence of chronic excess global capacity characterizes the contemporary phase of crisis and stagnation. He explores the historical origins and theoretical tendencies of this protracted crisis from a Keynes/Kakecki perspective.
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