Details

Autor(en) / Beteiligte

• Jacobs, Michael
• Mazzucato, Mariana

Titel

1. Rethinking Capitalism: An Introduction

Ist Teil von

• The Political quarterly (London. 1930), 2015-12, Vol.86 (S1), p.1-27

Ort / Verlag

London: Blackwell Publishing Ltd

Erscheinungsjahr

2015

Quelle

Worldwide Political Science Abstracts

Beschreibungen/Notizen

• In November 2008, as the global financial crash was gathering pace, the 82-year-old British monarch Queen Elizabeth visited the London School of Economics. She was there to open a new building, but she was more interested in the assembled academics. She asked them an innocent but pointed question. Given its extraordinary scale, how was it possible that no one saw the crash coming? Hereditary sovereigns are not normally given to puncturing the pretensions of those in charge of the global economy, or of the economists paid to understand it. But the Queen's question went to the heart of two huge failures. Western capitalism came close to collapsing in 2007-2008, and has still not recovered. And the vast majority of economists had not understood what was happening. This book is about both failures.