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Full Description
Aftershocks was written in the midst of the deepest economic crisis since the Great Depression. Although it would be premature to presume to identify the repercussions of the crisis, it is clear that it will have profound aftershock effects in the political, economic, and social spheres. The book contains essays based on semi-structured interviews with leading scholars, European politicians and representatives from the world of business. They reflect on the origins of the crisis as well as the possible social, economic, and political transformations it may engender.
Contents
Table of Contents - 6 Preface - 10 Acknowledgements - 12 The Institutional Legacy of the Crisisof Global Capitalism - 14 part 1 diagnosing the crisis - 54 A Tale of Two Crises - 56 A History of Profligate Lending - 68 The Problem of Social Deflation - 74 The Crisis as a Paradigm Shift - 82 part 2 exploring domestic polictyspace under low growth - 92 The Significance of Politics - 94 Troubleshooting Economic Narratives - 104 Leadership Imperatives for aPost-Crisis World - 110 Establishing a New Macro-economicPolicy Regime - 122 Varieties of Capitalism;Varieties of Reform - 134 part 3 coping with paradise lost - 144 Social Discontent inEuropean Welfare States - 146 A Crisis of Consumerism - 156 The Moral Bankruptcyof New Capitalism - 164 Transcending theEuropean Nation State - 170 part 4 embedding a new globalcontract - 176 The Crisis ofGlobal Governance - 178 Capitalism 3.0 - 186 The Global Development Agenda - 194 The Economic Crisisand Climate Change - 202 A Stress Testfor the Welfare State - 208 The G2 and the Crisis - 212 part 5 realigning europe - 220 A New European Contract - 222 Europe's Neo-liberal Bias - 228 Beyond Lisbon - 236 The Quest for Vision - 246 Rekindling the Spirit of Cooperation - 252 EPILOGUE Towards a New Agenda - 260 Overview of the Interviews - 268 Biographies of the Interviewees - 270 Biographies of the Editors - 282
