Mario Morroni is Professor of Economics at the University of Pisa and a Life Member of Clare Hall, College for Advanced Study, University of Cambridge (United Kingdom). He has previously authored a book on technical change and production processes (Cambridge University Press, 1992) that received the Myrdal Prize and also a book on the theory of the firm (Cambridge University Press, 2006). He is the author of a number of further works in the areas of microeconomics, macroeconomics, labor economics, and industrial economics.

• Prologue.- Increasing inequality.- The failure to predict the Great Recession.- Why fiscal austerity?.- Rolling back the welfare state.- The state and the market.- The gigantic German trade surplus and the euro.- Crisis policy.- Environmental degradation.- Industrial policies.

Mario Morroni is Professor of Economics at the University of Pisa and a Life Member of Clare Hall, College for Advanced Study, University of Cambridge (United Kingdom). He has previously authored a book on technical change and production processes (Cambridge University Press, 1992) that received the Myrdal Prize and also a book on the theory of the firm (Cambridge University Press, 2006). He is the author of a number of further works in the areas of microeconomics, macroeconomics, labor economics, and industrial economics.

• Prologue.- Increasing inequality.- The failure to predict the Great Recession.- Why fiscal austerity?.- Rolling back the welfare state.- The state and the market.- The gigantic German trade surplus and the euro.- Crisis policy.- Environmental degradation.- Industrial policies.

Mario Morroni is Professor of Economics at the University of Pisa and a Life Member of Clare Hall, College for Advanced Study, University of Cambridge (United Kingdom). He has previously authored a book on technical change and production processes (Cambridge University Press, 1992) that received the Myrdal Prize and also a book on the theory of the firm (Cambridge University Press, 2006). He is the author of a number of further works in the areas of microeconomics, macroeconomics, labor economics, and industrial economics.

• Prologue.- Increasing inequality.- The failure to predict the Great Recession.- Why fiscal austerity?.- Rolling back the welfare state.- The state and the market.- The gigantic German trade surplus and the euro.- Crisis policy.- Environmental degradation.- Industrial policies.