Introduction

Part I. Crisis and Neoliberalism

1. The Strange Dynamics of Change

2. Economic Crises and Social Orders

Part II. Crisis and Unemployment

3. The Structural Crisis of the 1970s and 1980s

4. Technical Progress: Accelerating or Slowing?

5. America and Europe: The Creator of Jobs and the Creator of Unemployment

6. Controlling Labor Costs and Reining in the Welfare State

7. Unemployment: Historical Fate?

8. The End of the Crisis?

Part III. The Law of Finance

9. The Interest Rate Shock and the Weight of Dividends

10. Keynesian State Indebtedness and Household Indebtedness

11. An Epidemic of Financial Crises

12. Globalization under Hegemony

13. Financialization: Myth or Reality?

14. Does Finance Feed the Economy?

15. Who Benefits from the Crime?

Part IV. The Lessons of History

16. Historical Precedent: The Crisis at the End of the Nineteenth Century

17. The End of the Structural Crises: Does the Twentieth Century Resemble the Nineteenth?

18. Two Periods of Financial Hegemony: The Beginning and the End of the Twentieth Century

19. Inherent Risks: The 1929 Precedent

20. Capital Mobility and Stock Market Fever

21. Between Two Periods of Financial Hegemony: Thirty Years of Prosperity

Part V. History on the March

22. A Keynesian Interpretation

23. The Dynamics of Capital

Appendix A. Other Studies by the Authors

Appendix B. Sources and Calculations

Notes

Index

Gérard Duménil is a director of research at the Centre National de la Recherche Scientifique, Paris.

Dominique Lévy is a director of research at the Centre National de la Recherche Scientifique, Paris.