Hagen M. Krämer, Faculty of Management Science and Engineering, Karlsruhe University of Applied Sciences, Christian R. Proaño, Faculty of Social Sciences, Economics and Business Administration, Otto-Friedrich-Universität Bamberg, Germany, and Mark Setterfield, New School for Social Research, New York, US

• Contents:Foreword Preface and AcknowledgementsGeneral Introduction Part I The Point of Departure: The Marx-Keynes-Schumpeter (MKS) System2 The MKS System, Part II Part II Unveiling the Fault Lines in Modern Capitalism: Systemic Crises in the Making3 Inequality in the Distribution of Income and Wealth: Trends, Drivers and Impacts4 Financialization5 External Macroeconomic Imbalances: Causes and Consequences6 Increasing Inequality, Financialization and Macroeconomic Instability: A Three Act TragedyPart III Inclusive Growth and Social Protection: Towards Social Capitalism8 Achieving Sustainable and Inclusive Growth 9 Conclusions and OutlookReferences Index

‘When this book gets published we celebrate the tricentenary of the birth of Adam Smith, who in The Wealth of Nations famously wrote: “what improves the circumstances of the greater part [of society] can never be regarded as an inconvenience to the whole. No society can

Hagen M. Krämer, Faculty of Management Science and Engineering, Karlsruhe University of Applied Sciences, Christian R. Proaño, Faculty of Social Sciences, Economics and Business Administration, Otto-Friedrich-Universität Bamberg, Germany, and Mark Setterfield, New School for Social Research, New York, US

• Contents:Foreword Preface and AcknowledgementsGeneral Introduction Part I The Point of Departure: The Marx-Keynes-Schumpeter (MKS) System2 The MKS System, Part II Part II Unveiling the Fault Lines in Modern Capitalism: Systemic Crises in the Making3 Inequality in the Distribution of Income and Wealth: Trends, Drivers and Impacts4 Financialization5 External Macroeconomic Imbalances: Causes and Consequences6 Increasing Inequality, Financialization and Macroeconomic Instability: A Three Act TragedyPart III Inclusive Growth and Social Protection: Towards Social Capitalism8 Achieving Sustainable and Inclusive Growth 9 Conclusions and OutlookReferences Index

‘When this book gets published we celebrate the tricentenary of the birth of Adam Smith, who in The Wealth of Nations famously wrote: “what improves the circumstances of the greater part [of society] can never be regarded as an inconvenience to the whole. No society can

Hagen M. Krämer, Faculty of Management Science and Engineering, Karlsruhe University of Applied Sciences, Christian R. Proaño, Faculty of Social Sciences, Economics and Business Administration, Otto-Friedrich-Universität Bamberg, Germany, and Mark Setterfield, New School for Social Research, New York, US

• Contents:Foreword Preface and AcknowledgementsGeneral Introduction Part I The Point of Departure: The Marx-Keynes-Schumpeter (MKS) System2 The MKS System, Part II Part II Unveiling the Fault Lines in Modern Capitalism: Systemic Crises in the Making3 Inequality in the Distribution of Income and Wealth: Trends, Drivers and Impacts4 Financialization5 External Macroeconomic Imbalances: Causes and Consequences6 Increasing Inequality, Financialization and Macroeconomic Instability: A Three Act TragedyPart III Inclusive Growth and Social Protection: Towards Social Capitalism8 Achieving Sustainable and Inclusive Growth 9 Conclusions and OutlookReferences Index

‘When this book gets published we celebrate the tricentenary of the birth of Adam Smith, who in The Wealth of Nations famously wrote: “what improves the circumstances of the greater part [of society] can never be regarded as an inconvenience to the whole. No society can