© 2018

What Is the Truth About the Great Recession and Increasing Inequality?

Dialogues on Disputed Issues and Conflicting Theories

  • Explains and compares different economic visions

  • Presents nine dialogues on increasing inequality, the Great Recession, and the Eurozone crisis

  • Critically discusses neoliberal ideologies

  • Comprehensible to the reader who is not an economist but wants to get to the truth regarding recent economic events


Table of contents

  1. Front Matter
    Pages i-x
  2. Mario Morroni
    Pages 1-4
  3. Mario Morroni
    Pages 5-28
  4. Mario Morroni
    Pages 29-46
  5. Mario Morroni
    Pages 47-63
  6. Mario Morroni
    Pages 65-75
  7. Mario Morroni
    Pages 77-103
  8. Mario Morroni
    Pages 143-164
  9. Mario Morroni
    Pages 165-181
  10. Mario Morroni
    Pages 183-190
  11. Back Matter
    Pages 191-204

About this book


Have you ever puzzled over the causes of the 2007–8 financial crisis and wondered how it will affect all our futures? If so, this book is for you. Using imagined dialogue between three economists with contrasting theoretical perspectives and a student who knows little about economics, different interpretations are compared in straightforward, jargon-free language. The book explores both the consequences of neoliberal economic policies based on the belief in efficient, self-regulating markets and the implications of alternative economic visions formulated in response to the Great Recession. In all, nine dialogues are presented, each of which focuses on a key theme: increasing inequality, the failure of economists to predict the crash, the reasons for fiscal austerity, the rolling back of the welfare state, the roles of the state and the market, the repercussions of the German trade surplus and the Eurozone crisis, policies to confront the crisis, environmental degradation, and the need for an industrial policy appropriate to the present day. The book will be ideal for both general readers and those embarking on the study of economics.


Great Recession Fiscal austerity Inequality Welfare state Environmental degradation Financial crash of 2007–2008 State and market German trade surplus Crisis policy Euro crisis Neoliberalism Neoliberal ideologies Neoliberal economic policies Keynesian economics Keynesian theories Keynesianism Neo-Keynesian paradigm Eurozone crisis

Authors and affiliations

  1. 1.Department of Political SciencesUniversity of PisaPisaItaly

About the authors

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.

Bibliographic information

Industry Sectors
Finance, Business & Banking