Neoliberal economics isn't working and students are demanding more from their course reading than the 8th edition of Macroeconomics can provide. Following the news
that Economics students in Manchester have formed the Post-Crash Economics Society
and Aditya Chakrabortty's excoriating and controversial commentary
on the state of contemporary economics, published in the Guardian
, Verso presents a reading list of economics titles which challenge the mainstream neoliberal consensus and offer powerful alternative models in contemporary economics.
First up, Wolfgang Streeck
's analysis of the 2008 financial crisis, Buying Time: The Delayed Crisis of Democratic Capitalism
Placing the crisis in the context of the neoliberal transformation of society that began in the 1970s, Streeck's focus is on the tensions that this has produced between states, voters and capitalist enterprises. Buying Time asks fundamental questions about the compatibility between democracy and contemporary forms of capitalism.
Read Streeck's excellent article on the end of capitalism at the New Left Review
The Making of Global Capitalism
, Leo Panitch and Sam Gindin's landmark account of the role of the United States in the development of the global economic system, has won the prestigious Deutscher Memorial Prize for 2013.
The Deutscher Memorial Prize is awarded each year, in honour of the historian Isaac Deutscher and his wife Tamara, to a work which best exemplifies innovative writing within the Marxist tradition. Previous winners include Mike Davis, Robin Blackburn, Ellen Mieksins Wood and Eric Hobsbawm.
Two books from Verso received nominations this year; as well as The Making of Global Capitalism
, Vivek Chibber's Postcolonial Theory and the Specter of Capital
was in the running for the prize. Chibber's book has been raising fierce debate
within the field of postcolonial studies field since its publication earlier this year.