The 2007-2009 period has been characterised by an oil shock followed by a financial crisis. Higher oil prices and the prospect of higher borrowing costs are likely to reduce the productive potential of OECD economies. The present study provides illustrative numerical estimates of the impact...

During the crisis, it became evident that the kind of capitalism that was becoming dominant in the developed world over the last twenty or thirty years, so-called it financial capitalism, was the cause of crisis or at least it cannot completely exculpate itself. The growth in debts, credits,...

The paper proposes to ground the taxonomy of economic systems on the identification of strongly performative institutions as distinctive features. I analyse performativity on the basis of the Aoki model of institutions, enriched by current approaches to performativity, which I combine with...

Rioters from what has been contemptuously dismissed as a 'feral underclass' have become instant 'folk devils', a judgement evoking wider 'moral panic'. In this brief contribution to an already lively project to make sociological and explanatory sense of four days of unpredicted mahem, together...

Crisis prevention is never an easy task and past experiences tell us that great turbulences may come in many different forms. As for the present global crisis, its inception was a mixture of errors of economic policy, of greed on the part many creditors and borrowers across the world and of...