Overview

This book has a dual purpose. First, it analyses the concept of economic crises within economic theory, showing the various theoretical foundations and controversies amongst different schools of economic thought. Second, it presents an empirical analysis of the Great Recession in Spain, addressing the growth period of 1995 to 2007-08, the subsequent depression until 2013-14 and the recovery that followed. It also shows the way in which the inner contradictions of capital manifests itself in an European peripheral economy under a real estate bubble, emphasizing the role of the Spanish economy in European capitalism. This theoretical and empirical heterodox approach will be of interest to students and scholars in political economy, and those with an interest in the Eurozone.

Full Product Details

Author:   Juan Pablo Mateo Tomé
Publisher:   Springer Nature Switzerland AG
Imprint:   Springer Nature Switzerland AG
Edition:   1st ed. 2019
Weight:   0.460kg
ISBN:  

9783030270865

ISBN 10:   3030270866
Pages:   332
Publication Date:   19 November 2020
Audience:   Professional and scholarly ,  College/higher education ,  Professional & Vocational ,  Postgraduate, Research & Scholarly
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand  
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Table of Contents

1.Introduction: The Political Economy of the Spanish CrisisPart I: Foundations of the Theory of Crisis in the Economic Thought2.The Materialist Conception of the Crisis3.Advancing in the Theory of Crisis: Social, Temporal and Geographical Dynamics4.Conventional Economics and the Theories of the Possibility of CrisisPart Ii: A Crisis of Capital Valorization. Profitability, Asset─Inflation and the Composition of Capital5.The Fall in Profitability Underlying the Great Recession6.Construction and the Housing Boom. Analyzing the Price─Effect From The Law of Value7.Why Does Profitability Fall? Paradoxes of Capital Composition and Labour ProductivityPart Iii: Controversies Around the Crisis: Why it Happened, What Should Be Done8.This Time It Was Also The Same: Accumulation of Imbalances and Human Failures9.Labor Market, Wages and Crisis10.Financialization and Crisis: From Low Interest Rates to a Credit Boom andOver─Indebtedness11.The Way Out Of Crises. From Diagnosis to a Programme of Economic Policy12.Conclusions

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Author Information

Juan Pablo Mateo Tomé is currently Professor in the Department of Applied Economics, Structure and History, Complutense University of Madrid, Spain. His research specialises in Political Economy, International Economics and Development Economics.

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