The Crisis Conundrum How To Reconcile Economy And Society
This collection addresses the path to a new prosperity after the Great Recession. The contributors ask that if the 2008 crisis proved the unsustainability of the neoliberal development model, what does well-being mean today in advanced western democracies
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Reconc
ile Econ o my
and Soc iet y
The Crisis Conundrum
Mauro Magatti Editor
The Crisis Conundrum How To Reconcile Economy And Society
Editor Mauro Magatti Università Cattolica del Sacro Cuore Milano, Italy
ISBN 978-3-319-47863-0 ISBN 978-3-319-47864-7 (eBook) DOI 10.1007/978-3-319-47864-7 Library of Congress Control Number: 2017932414 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover design by Henry Petrides Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Foreword
Ten years after the great financial shock hit Wall Street in 2007–08, it is now generally recognised that at the root of the Great Recession (with its wide-ranging and enduring effects) there is a disconnect between economy and society produced by neoliberalism in the last thirty years. And yet, such awareness is not enough, since a number of questions still remain unsolved: if a model based on debt, consumerism and rising inequalities has proven to be unsustainable, what does growth mean in advanced Western democracies today? What does wellbeing mean for the years to come? What model of growth can be pursued at this turning point? What kinds of production and consumption will become features of the coming decades? How can economy and society be newly reconciled in practice? What are the financial, economic and social paths to a new prosperity? These questions link a number of interdisciplinary issues—those of inequality, money and finance, wealth and human flourishing—which are rarely analysed together. If the systemic crisis that began in 2008 calls for a renewal at economic, social and political levels, the authors of th
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