This collection puts forward promising reinterpretations of the primary schools of heterodox political economy, stringent critiques of the conventional readings of the recession, new schemes of theoretical and empirical analysis of the crisis, and proposals for economic policies alternative to those hitherto adopted.

Preface Malcolm Sawyer. The Global Economic Crisis: An Introduction Emiliano Brancaccio and Giuseppe Fontana Part 1: Economic Theory 1. On the Supposed Completeness of the Mainstream Theories of Crisis Emiliano Brancaccio 2. Economy and Economics: The Twin Crises Alessandro Vercelli 3. The Great Recession and the Third Crisis in Economic Theory Riccardo Bellofiore and Joseph Halevi 4. As If Nothing Were Going to Happen: A Search in Vain for Warnings about the Current Crisis in Economic Journals with the Highest Impact Factors Andrea Imperia and Vincenzo Maffeo Part 2: Labour, Distribution and Profit Trends 5. Changes in Income Distribution, Financial Disorder and Crisis Aldo Barba and Massimo Pivetti 6. Income Distribution and Borrowing: Tracking the U.S. Economy with a "New Cambridge" Model Gennaro Zezza 7. Changes in Functional Income Distribution in Italy and Europe Antonella Stirati 8. Low Wages, Consumer Credit and the Crisis: A Monetary Theory of Production Approach Guglielmo Forges Davanzati and Riccardo Realfonzo 9. Back to the Future? The Tendency of the (Maximum) Rate of Profit to Fall: Empirical Evidence and Theory Stefano Perri Part 3: International Economic Relations 10. The International Circuit of Key Currencies and the Global Crisis: Is There Scope for Reform? Lilia Costabile 11. Globalisation and the Great Crisis Ernesto Screpanti 12. The Global Crisis in Low- and Middle-Income Countries: How the IMF Responded Andrea F. Presbitero and Alberto Zazzaro 13. Notes on Europe, German Mercantilism and the Current Crisis Sergio Cesaratto Part 4: Economic Policy 14. Privatization, Reproduction and Crisis: The Case of Utilities Bruno Bosco 15. Property Rights in the Knowledge Economy: An Explanation of the Crisis Ugo Pagano and Maria Alessandra Rossi 16. Employment and Income Distribution from a Classical-Keynesian Point of View: Some Tools to Ground a Normative Analysis Enrico Bellino