Giancarlo Bertocco, University of Insubria, Italy

‘Bertocco’ s forceful and convincing narrative provides a solid basis for further research on an alternative theoretical framework, and on social and economic policies that dispense with and avoid the consequences of Keynes’s “accountant’s nightmare”. The book makes the reader wonder why mainstream economists continue to cling onto a useless theoretical framework that leads them to violate, in their practice, the most basic and fundamental axiom of their models: rational behavior.’

• Contents: PART I THE CRISIS AND THE MAINSTREAM THEORY 1. A Brief Description of the Crisis 2. The Mainstream Economists and the Crisis 3. The Limits of the Mainstream Theory PART II AN ALTERNATIVE THEORETICAL APPROACH 4. Keynes and the Monetary Theory of Production 5. Finance and Risk 6. Savings Decisions, Wealth and Speculation 7. Money and Crisis PART III THE ENDOGENOUS NATURE OF THE CRISIS AND THE POLICIES FOR A GOOD LIFE 8. The Endogenous Nature of the Subprime Crisis 9. Overcoming the Crisis: Which Policies? Index

Giancarlo Bertocco, University of Insubria, Italy

‘Bertocco’ s forceful and convincing narrative provides a solid basis for further research on an alternative theoretical framework, and on social and economic policies that dispense with and avoid the consequences of Keynes’s “accountant’s nightmare”. The book makes the reader wonder why mainstream economists continue to cling onto a useless theoretical framework that leads them to violate, in their practice, the most basic and fundamental axiom of their models: rational behavior.’

• Contents: PART I THE CRISIS AND THE MAINSTREAM THEORY 1. A Brief Description of the Crisis 2. The Mainstream Economists and the Crisis 3. The Limits of the Mainstream Theory PART II AN ALTERNATIVE THEORETICAL APPROACH 4. Keynes and the Monetary Theory of Production 5. Finance and Risk 6. Savings Decisions, Wealth and Speculation 7. Money and Crisis PART III THE ENDOGENOUS NATURE OF THE CRISIS AND THE POLICIES FOR A GOOD LIFE 8. The Endogenous Nature of the Subprime Crisis 9. Overcoming the Crisis: Which Policies? Index

Giancarlo Bertocco, University of Insubria, Italy

‘Bertocco’ s forceful and convincing narrative provides a solid basis for further research on an alternative theoretical framework, and on social and economic policies that dispense with and avoid the consequences of Keynes’s “accountant’s nightmare”. The book makes the reader wonder why mainstream economists continue to cling onto a useless theoretical framework that leads them to violate, in their practice, the most basic and fundamental axiom of their models: rational behavior.’

• Contents: PART I THE CRISIS AND THE MAINSTREAM THEORY 1. A Brief Description of the Crisis 2. The Mainstream Economists and the Crisis 3. The Limits of the Mainstream Theory PART II AN ALTERNATIVE THEORETICAL APPROACH 4. Keynes and the Monetary Theory of Production 5. Finance and Risk 6. Savings Decisions, Wealth and Speculation 7. Money and Crisis PART III THE ENDOGENOUS NATURE OF THE CRISIS AND THE POLICIES FOR A GOOD LIFE 8. The Endogenous Nature of the Subprime Crisis 9. Overcoming the Crisis: Which Policies? Index