Institutions and Development After the Financial Crisis

This volume poses fundamental institutional, evolutionary and ontological questions relating to the emergence of a new mode of governance after the financial crisis. The book argues that, contrary to the recent austerity policies implemented in the EU in particular, a new level of government involvement is required in order to keep aggregate demand stable, make full employment possible, and create a transparent financial sector, serving the real economy and encouraging productive investments.

This book will be of interest to students, researchers and policy makers working in the areas of finance, institutional economics, development economics and international political economy.