1. Sea change in the west -- 2. Global theories of secular stagnation -- 3. Transition theory -- 4. Empirical aspects of the transition theory -- 5. The long wave hypothesis -- 6. Transition in the nineteenth century : the British climateric 1860-1900 -- 7. A re-run of the 1970s -- 8. The...

This monograph challenges the myth that the recent banking crisis was caused by insufficient statutory regulation of financial markets. Though it finds that statutory regulation failed, and that market participants took more risks than they should have done, it appears that statutory regulation...