Table of Contents

Preface
1: The Great Economic Pendulum
2: The Limits of Capitalism
3: External Limits of Capitalism
4: Internal Limits of Capitalism
5: The Utopia of Self-Regulation in the Market System
6: Who Can Save The Market System from Destruction?
7: External Limits of Governments
8: Internal Limits of Governments
9: Who is in Charge? Market or Government?
10: Rise and Fall of Capitalism. Linear or Cyclical?
11: The Euro is a Threat to the Market System
12: The World of Piketty
13: Pendulum Swings between Markets and Governments

About the Author

Paul De Grauwe is Professor at the London School of Economics. He was a member of the Belgian parliament from 1991 to 2003. He is honorary doctor of the University of Sankt Gallen, the University of Turku, the University of Genoa, and the University of Valencia. He has been a visiting professor at various universities including Paris, Amsterdam, Berlin, Kiel, Milan, Pennsylvania, and Michigan. He obtained his PhD from the Johns Hopkins University in 1974. His
research interests are in the economics of monetary unions and behavioural macroeconomics. His book publications include The Economics of Monetary Union (Oxford University Press, 11e, 2016) and Lectures on
Behavioral Macroeconomics (Princeton University Press, 2012).

Reviews

The book is a concise and straightforward look into the application of modern capitalism, its esoteric contradictions that threaten to tear it apart, and its relationship with government... Aside from the effective analysis, a major advantage of the bookis the explanatory narrative that the author utilizes, with minimal references, making it accessible to both academic and non-academic audiences
*Alexandros Kyriakidis, JMCS*

An excellent book on the ideological debate between market and state... The book is just a joy to read. Both economists and general readers will find it very useful.
*Syed Basher (East West University, Bangladesh), Economic Record*

One of Europe's leading economists, Paul de Grauwe is such a guide. In his lucid new book, the Belgian professor now based at the LSE explains how one should think about the balance between markets and governments as systems interacting with one another over time: an excellent little guide to how one should think about where we are and might be going.
*Martin Wolf, Financial Times*

In this lucid little book, De Grauwe, a Belgian economist now at the London School of Economics, explains why neither a pure market economy nor a purely government-controlled one is desirable. Getting the balance between market and government is extremely difficult. In practice, we lurch too far in one direction and then the other.
*Financial Times, Best Books of 2017*