Eckhard Hein, Professor of Economics, Institute for International Political Economy, Berlin School of Economics and Law, Germany

’Eckhard Hein examines the causes and consequences of financialisation. His book is economics as it should always be: it combines reflections, data gathering, empirical analysis, theoretical formalization, and policy recommendations. Hein goes beyond the exuberant behaviour of the banking industry to analyse the global financial crisis and the eurozone crisis, showing, through various variants of a Kaleckian growth model, the macroeconomic consequences of the rising dominance of finance over modern capitalism during the last three decades.’

• Contents: Preface 1. Introduction 2. Finance-dominated Capitalism and Re-distribution of Income 3. Finance-dominated Capitalism, Capital Accumulation and Macroeconomic Regimes 4. Finance-dominated Capitalism and Long-run Productivity Growth 5. Finance-dominated Capitalism, Consumption, Household Debt and Instability 6. Finance-dominated Capitalism, Global Imbalances and Crisis 7. Requirements for Income-led Recovery and a Global Keynesian New Deal 8. The European Financial and Economic Crisis: Alternative Solutions from a Post-Keynesian Perspective 9. Summary and Conclusions References Index

Eckhard Hein, Professor of Economics, Institute for International Political Economy, Berlin School of Economics and Law, Germany

’Eckhard Hein examines the causes and consequences of financialisation. His book is economics as it should always be: it combines reflections, data gathering, empirical analysis, theoretical formalization, and policy recommendations. Hein goes beyond the exuberant behaviour of the banking industry to analyse the global financial crisis and the eurozone crisis, showing, through various variants of a Kaleckian growth model, the macroeconomic consequences of the rising dominance of finance over modern capitalism during the last three decades.’

• Contents: Preface 1. Introduction 2. Finance-dominated Capitalism and Re-distribution of Income 3. Finance-dominated Capitalism, Capital Accumulation and Macroeconomic Regimes 4. Finance-dominated Capitalism and Long-run Productivity Growth 5. Finance-dominated Capitalism, Consumption, Household Debt and Instability 6. Finance-dominated Capitalism, Global Imbalances and Crisis 7. Requirements for Income-led Recovery and a Global Keynesian New Deal 8. The European Financial and Economic Crisis: Alternative Solutions from a Post-Keynesian Perspective 9. Summary and Conclusions References Index

Eckhard Hein, Professor of Economics, Institute for International Political Economy, Berlin School of Economics and Law, Germany

’Eckhard Hein examines the causes and consequences of financialisation. His book is economics as it should always be: it combines reflections, data gathering, empirical analysis, theoretical formalization, and policy recommendations. Hein goes beyond the exuberant behaviour of the banking industry to analyse the global financial crisis and the eurozone crisis, showing, through various variants of a Kaleckian growth model, the macroeconomic consequences of the rising dominance of finance over modern capitalism during the last three decades.’

• Contents: Preface 1. Introduction 2. Finance-dominated Capitalism and Re-distribution of Income 3. Finance-dominated Capitalism, Capital Accumulation and Macroeconomic Regimes 4. Finance-dominated Capitalism and Long-run Productivity Growth 5. Finance-dominated Capitalism, Consumption, Household Debt and Instability 6. Finance-dominated Capitalism, Global Imbalances and Crisis 7. Requirements for Income-led Recovery and a Global Keynesian New Deal 8. The European Financial and Economic Crisis: Alternative Solutions from a Post-Keynesian Perspective 9. Summary and Conclusions References Index