Philip Arestis, University of Cambridge, UK; University of the Basque Country, Spain Joanna Bens, unaffiliated, USA.  Gary Dymski, Leeds University, UK.  Jesus Ferreiro, University of the Basque Country, Spain Mathew Forstater, University of Missouri - Kansas City, USA.  Carmen Gomez, University of the Basque Country, Spain.  Eckhard Hein, Berlin School of Economics and Law, Germany John King, La Trobe University, Australia.  Alexander G. Kondeas, Winston-Salem State University, USA.  Spyros Lapatsioras, University of Crete, Greece Zagros Madjd-Sadjadi, Winston-Salem State University, USA.  John Milios, National Technical University of Athens, Greece Dimitri B. Papadimitriou, Bard College, USA. C. J. Polychroniou, Bard College, USA.  Sergio Rossi, University of Fribourg, Switzerland Malcolm Sawyer, University of Leeds, UK.  Dimitris P. Sotiropoulos, The Open University, UK.  Abdelaziz Testas, Nielsen Holdings N.V., USA.  Vasileios A. Vlachos, University of Macedonia, Greece L. RandallWray, Bard College, USA; University of Missouri - Kansas City, USA.

"This edited book compiles contributions from several of our finest economists. Their intention is to make creative use of well-established and highly sophisticated heterodox approaches for clarifying the multi-level and ongoing challenges plaguing European Union countries in the wake of the deep recession that got underway in 2008-9. This is economics presented as an especially thoughtful, brilliantly penetrating, and wonderfully insightful social science that clarifies and confronts extremely complex and pressing problems, while also offering plausible ways for European Union citizens to move forward toward a more promising future." - John Hall, Professor of Economics, Portland State University, USA and Research Professor, Halle Institute for Economic Research, Germany

• PART I: EU NEOLIBERALISM: POLITICAL ISSUES, CRITICISM, AND ALTERNATIVE PERSPECTIVES. 1. Limits of Policy Intervention in a World of Neoliberal Mechanism Designs: Paradoxes of the Global Crisis; Gary A. Dymski 2. A Post Keynesian Critique of Schwabian Housewife Logic; John King 3. Euroland in Crisis as the Global Meltdown Picks up Speed; Dimitri B. Papadimitriou, L. Randall Wray 4. Addressing the Rationality of 'Irrational' European Responses to the Crisis: A Political Economy of the Euro Area and the Need for a Progressive Alternative; Dimitris P. Sotiropoulos, John G. Milios, Spyros Lapatsioras 5. The Developmental State Alternative for the EU; Nikolaos Karagiannis and Zagros Madjd-Sadjadi PART II: ECONOMIC POLICIES FOR SUSTAINABLE GROWTH AND PROSPERITY IN THE EU 6. The Eurozone Needs a Complete Make-over of Its Fiscal Policies; Philip Arestis, Malcolm C. Sawyer 7. The Crisis of Finance-Dominated Capitalism in the Euro Area, Deficiencies in the Economic Policy Architecture, and Deflationary Stagnation Policies; Eckhard Hein 8. The Euro-area Crisis: Structural Origins and Possible Exit Strategies; Sergio Rossi 9. EU Regional and Industrial Policies, Disparities, and Alternative Developmental State Strategies; Joanna Bens, Nikolaos Karagiannis, Abdelaziz Testas 10. Complementary Currencies, Communities, Cooperation: The Local Job Guarantee in the Eurozone; Mathew Forstater PART III: THE EU NORTH-SOUTH DIVIDE AND COUNTRY-STUDIES 11. Globalisation and Capital Mobility: The Impact on the European Union; Alexander G. Kondeas 12. The Crisis of the Core Seen Through the Eyes of the Periphery: A Schelling Model of the Global-South Megacity and the European Crisis; Gary A. Dymski 13. Dead Economic Dogmas Trump Recovery: The Continuing Crisis in the Eurozone Periphery; C. J. Polychroniou 14. The Economic Crisis in Spain: Mistakes in the Management of the Economic Policy; Jesus Ferreiro and Carmen Gomez 15. The Battle against the Shadow Economy as an Exit from the Greek Sovereign Debt Crisis; Aristidis P. Bitzenis and Vasileios A. Vlachos