Finance and Democracy

Alessandro Vercelli is former Head of the Institute of Economics at the University of Siena, Italy, where he was Professor of Political Economy. He is also a former Vice-President of the International Economic Association (IEA, 2005-2008) and a Life Member of Clare Hall (University of Cambridge, UK). He has written books and articles in the fields of economic policy, environmental and ecological economics, sustainability and economic methodology. His books include Teoria della Struttura Economica Capitalistica, Fondazione Luigi Einaudi, Torino, 1973; Methodological Foundations of Macroeconomics. Keynes and Lucas, Cambridge University Press, 1991; Global Sustainability. Social and Environmental Conditions (with Simone Borghesi) Palgrave Macmillan, 2008; Crisis and Sustainability. The Delusion of Free Markets, Palgrave Macmillan, 2017. He has co-edited various books including: with R. Goodwin e M. Krüger, 1984, Nonlinear Models of Fluctuating Growth, Springer; with N. Dimitri, 1992, Macroeconomics: A Survey of Research Strategies, Oxford University Press; with G. Chichilnisky e J. Heal, 1997, Sustainability: Dynamics and Uncertainty, Dordrecht: Kluwer; with B. Agarwal, 2005, Psychology, Rationality and Economic Behaviour: Challenging Standard Assumptions, IEA series, Palgrave Macmillan; with R. Dimand and R. Mundell, 2010, Keynes’ General Theory after Seventy Years, Palgrave Macmillan.

• ​1. Normative Foundations.- Part I: Financial Economics and Macroeconomics after WWII.- 2. The Second Financialisation.- 3. The Emergence of Modern Financial Economics.- 4. Finance and Macroeconomics.- Part II: The regulation of the financial system after the crisis.- 5. The Great Financial Crisis and its main determinants.- 6. Responses to the crisis: the evolution of the financial system and its regulation.- Part III: Towards a Democratic and Sustainable Regulation.- 7. Proposals for a radical reform of the financial system.- 8. Towards a Sustainable Financial System.