Colin Hay argues that the crisis in which we are still mired is best seen as a crisis of growth and not as a crisis of debt. It is a crisis of and for an excessively liberalised form of capitalism and the Anglo-liberal growth model to which it gave rise.
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1. Introduction 2. The unfolding of the crisis – in three waves 3. A fiscal crisis of and for the state? 4. The Anglo-liberal growth model 5. From bubble burst to austerity 6. Getting what went wrong right . . . and putting it right 7. Conclusion: Crisis, what crisis?
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Colin Hay is Professor of Government and Comparative Public Policy at Sciences Po, Paris and Affiliate Professor of Political Analysis at the University of Sheffield, where he co-founded the Sheffield Political Economy Research Institute (SPERI). He is the author of a number of books including The Failure of Anglo-Liberal Capitalism and The Political Economy of European Welfare Capitalism (with Daniel Wincott). He is editor of the journals Comparative European Politic S and British Politics (both published by Palgrave Macmillan) and New Political Economy (Taylor & Francis).
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