This book presents a new theory of capitalism where disequilibrium and “imperfect competition” are the functional norm. It shows that equilibrium is a functional anomaly that causes crises, and details the principles of crisis-proof policies and behavior.
Alfred Marshall’s Last Challenge
This text presents Alfred Marshall’s final, unfinished, and unpublished book. His grand editorial project, intended to culminate in a final work on economic progress, was cut short by his death. These surviving notes reveal the great economist’s wisdom and modernity.