Globalization, Inequality and Financial Instability: Confronting the Marx, Keynes and Polanyi Problems in Advanced Capitalist Economies

Over the past 20 years, a widespread perception has emerged that a new stage has been reached in the relationship between capitalism and the nation-state. Globalization is the umbrella term—indeed the ubiquitous buzzword—conveying a sense the sense that a fundamental transformation is occurring in the contemporary world economy. Governments and opposition political parties around the world rewrite their economic programs to take account of the perceived new realities engendered by globalization. Books, articles (including this one) and editorial pronouncements all pour forth