A frank assessment of economists’ blindness before the financial crash in 2007–2008 and what must be done to avert a sequel The failure of economists to anticipate the global financial crisis and mitigate the impact of the ensuing recession has spurred a public outcry. Economists are under...

The current crisis is one of the great crises punctuating the long history of capitalism, and to be properly understood it is vital to take into account its ongoing structural transformation. This book offers plural perspectives on the Great Recession, placing the analysis of finance, class and...

This paper presents a method for specifying and measuring poverty d efined as relative deprivation. The authors base their measure of an individual's poverty on the distance between his/her consumption experience and the social norm. Consumption experience is defined in terms of events, and the...