The Coming Crisis

1. Front Matter

   Pages i-xi

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2. Introduction: The Coming Crisis, the Gathering Storm

   • Colin Hay, Tom Hunt

   Pages 1-10

3. We are Not in Kansas Anymore: Economic and Political Shocks

   • Helen Thompson

   Pages 11-16

4. On ‘the Other Crisis’: Diagnosing the Socio-Ecological Crisis

   • Martin Craig

   Pages 17-24

5. Stagflation and the Shackles of Market Discipline

   • Jeremy Green

   Pages 25-33

6. Can Global Governance Prevent the Coming Crisis?

   • Anthony Payne

   Pages 35-41

7. The Coming and Current Crisis of Indecent Work

   • Genevieve LeBaron

   Pages 43-51

8. The Coming Crisis of Planetary Instability

   • Peter Dauvergne

   Pages 53-60

9. The European Migrant Crisis and the Future of the European Project

   • Nicola Phillips

   Pages 61-67

10. The Paradox of Monetary Credibility

    • Jacqueline Best

    Pages 69-76

11. Enduring Imbalances in the Eurozone

    • Scott Lavery

    Pages 77-85

12. Systemic Stabilisation and a New Social Contract

    • Andrew Baker, Richard Murphy

    Pages 87-94

13. Secular Stagnation: The New Normal for the UK?

    • Jonathan Perraton

    Pages 95-102

14. China Crisis?

    • Matthew Bishop

    Pages 103-111

15. Conclusion: The Crisis Gets Political

    • Andrew Gamble

    Pages 113-119

16. Back Matter

    Pages 121-125

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This book provides a timely warning of the dangers still present and building in the global economic system, whose frailty was exposed by the global financial crisis, and the Eurozone crisis it spawned. The contributors to this volume draw on SPERI’s work on the political economy of growth, stagnation, austerity and crisis, and placing each in the context of the wider environmental crisis.

• Political Economy
• Shadow money
• Socio-ecological crisis
• Unemployment
• Eurozone
• Global financial crisis
• Migrant crisis
• Disequilibrium
• High-frequency trading
• Hangzhou Consensus
• Carbon Offsetting and Reduction
• 2015 Paris Agreement on climate change
• Growth
• Austerity
• Global economic system
• Environmental crisis
• climate change

• SPERI, University of Sheffield, Sheffield, United Kingdom

  Colin Hay, Tom Hunt

Colin Hay is Professor of Political Science at Sciences Po, France. He is  Affiliate Professor of Political Analysis and Founding Co-Director of SPERI at the University of Sheffield, UK. He is the author of a number of books including Civic Capitalism, The Legacy of Thatcherism, The Failure of Anglo-Liberal Capitalism and The Political Economy of European Welfare Capitalism. He is Co-Editor, alongside Anthony Payne, of the Building a Sustainable Political Economy: SPERI Research & Policy series.


Tom Hunt is Policy Research Officer at SPERI, the University of Sheffield, UK. He is Editor of the SPERI Comment blog, edits the SPERI British Political Economy Brief series and the Global Political Economy Brief series. He is the author of several SPERI British Political Economy Briefs.

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