1st Edition

Financial Crisis, Labour Markets and Institutions

Edited By Sebastiano Fadda, Pasquale Tridico Copyright 2013
258 Pages 29 B/W Illustrations
by Routledge

240 Pages 29 B/W Illustrations
by Routledge

240 Pages 29 B/W Illustrations
by Routledge

This book seeks to explain the global financial crisis and its wider economic, political, and social repercussions, arguing that the 2007-9 meltdown was in fact a systemic crisis of the capitalist system. The volume makes these points through the exploration of several key questions: What kind of institutional political economy is appropriate to explain crisis periods and failures of... Read more

Introduction Sebastiano Fadda and Pasquale Tridico Part I: Capitalism in Crisis: Nature and Origins 1. Capitalism in Deep Trouble Richard Wolff 2. The North Atlantic Financial Crisis and Varieties of Capitalism: A Minsky moment and/or a Marx moment? And perhaps Max Weber too? Bob Jessop 3. Beyond the Political Economy of Hyman Minsky: What financial innovation means today Anastasia Nesvetailova 4. The Problematic Nature of the Economic and Monetary Union Malcolm Sawyer 5. Financialization, Income Distribution and the Crisis Engelbert Stockhammer Part II: Impact and Consequences of the Crisis 6. Labour Market Institutions and the Crisis: Where we come from and where we are going Sebastiano Fadda 7. Financial Crisis, Labour Markets and Varieties Of Capitalism: A comparison between the European social model versus the US model Pasquale Tridico 8. Labour Market Rigidities Can Be Useful: A Schumpeterian view Alfred Kleinknecht, C.W.M. Naastepad, Servaas Storm and Robert Vergeer 9. The Unemployment Impact of Financial Crises Enrico Marelli and Marcello Signorelli

Biography

Sebastiano Fadda is Professor of Labour Economics and Economic Growth at the University of Roma Tre, Italy. He is also Director of the ASTRIL Research Centre at the University of Roma Tre.

Pasquale Tridico is Professor of Labour Economics at the University of Roma Tre, Italy, and Research Associate at Trinity College Dublin, Ireland. He is currently General Secretary of the European Association for Evolutionary Political Economy.