Influenced by the seminal ideas of Keynes, Kalecki and Baran/Sweezy, Monopoly Capitalism in Crisis develops a succinct argument of the origins and causes of the contemporary global crisis. Keynes's original insights are woven into a grand synthesis with the "stagnationist" approach pioneered by Baran and Sweezy and are further reinforced by introducing Fisher's debt-deflation theory of great depressions and Minsky's financial instability hypothesis. The essential kernel of the argument is that under the mature stages of the evolution of monopoly capitalism and in the absence of powerful countervailing forces (ie, technical innovation, market expansion, etc), the natural tendency is towards economic stagnation. This conclusion is doubtless the very opposite of the neoliberal claim that the market economy tends toward full employment equilibrium in the long run.

Introduction
PART I: A THEORETICAL CRITIQUE
Accumulation & Crisis: Marxian Controversies
Circular & Cumulative Causation
Over-Accumulation & Crisis
Long Cycles of Growth & Stagnation?
PART II: THE ERA OF STAGNATION AND CRISIS: 1975-2000
The Demise of Pax Americana
The Onset of "Eurosclerosis"
The US-Japanese Axis: Unity or Rivalry?
Conclusion: The Coming Crisis
Bibliography

BILL LUCARELLI is a Lecturer in Economics and Finance at the University of Western Sydney. He is the author of The Origins and Evolution of the Single Market in Europe and has also published widely in academic journals on the world economy and on various theoretical problems associated with the issues of growth and crisis.