The Theory of Crisis and the Great Recession in Spain

Authors: Mateo Tomé, Juan Pablo

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  • Analyses the concept of economic crises within economic theory, showing the various theoretical foundations and controversies amongst different schools of economic thought
  • Explores an empirical analysis of the Great Recession in Spain
  • Uses a political economy approach to demonstrate the way in which the tendency toward a crisis manifests itself in a given economy in a historical context
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eBook $89.00
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  • ISBN 978-3-030-27084-1
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Hardcover $119.99
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  • ISBN 978-3-030-27083-4
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About this book

This book has a dual purpose. First, it analyses the concept of economic crises within economic theory, showing the various theoretical foundations and controversies amongst different schools of economic thought. Second, it presents an empirical analysis of the Great Recession in Spain, addressing the growth period of 1995 to 2007-08, the subsequent depression until 2013-14 and the recovery that followed. It also shows the way in which the inner contradictions of capital manifests itself in an European peripheral economy under a real estate bubble, emphasizing the role of the Spanish economy in European capitalism.

This theoretical and empirical heterodox approach will be of interest to students and scholars in political economy, and those with an interest in the Eurozone.


About the authors

Juan Pablo Mateo Tomé is currently Professor in the Department of Applied Economics, Structure and History, Complutense University of Madrid, Spain. His research specialises in Political Economy, International Economics and Development Economics.

Reviews

“Juan Pablo Mateo has written a rare, and in these times possibly unique book, whose importance goes well beyond the promise of the title, because through the prism of the Spanish economy, it offers the reader an understanding of the economic malaise not just of this country but of Europe and the industrialised world.” (Alan Freeman, Geopolitical Economy Research Group, University of Manitoba, Canada)

“This unique and original book combines a brilliant review of crisis theories with a sophisticated and nuanced analysis of the recent Spanish crisis. It links excellently its presentation of the analytical deficiencies of Neoclassicism and Keynesianism and Marxism’s explanatory superiority with the evolution of the Spanish economy and its specificities.” (Stavros Mavroudeas, Panteion University, Athens, Greece)

“Juan Pablo Mateo combines both a clear theoretical explanation and meticulous empirical analysis to explain the causes and the impact of the Great Recession on Spain. Nobody has done it better. This is especially timely and relevant as we head towards another recession in Europe.” (Michael Roberts, independent economist, London, UK)

“This book is successful, and its reading stimulating, especially because it manages to hold together not only the theoretical analysis of the crisis of capitalism and the critique of the dominant economic theory, but also the analytical thinking and the concrete study of complex forms that the capitalist crisis can take in a specific social and political formation.” (Rémy Herrera, CNRS─Centre d'Economie de la Sorbonne, Paris, France)

“Juan Pablo Mateo, one of the most important Marxist economists in Spain, confirms with this book that it is possible to masterfully combine empirical analysis with a theoretical approach that, based on labor theory of value, places profitability and accumulation at the center of his concern.” (Diego Guerrero, Complutense University of Madrid, Spain)

Table of contents (12 chapters)

Table of contents (12 chapters)

Buy this book

eBook $89.00
price for USA (gross)
  • ISBN 978-3-030-27084-1
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA
  • ISBN 978-3-030-27083-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
The Theory of Crisis and the Great Recession in Spain
Authors
Copyright
2019
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG
eBook ISBN
978-3-030-27084-1
DOI
10.1007/978-3-030-27084-1
Hardcover ISBN
978-3-030-27083-4
Edition Number
1
Number of Pages
XVII, 332
Number of Illustrations
25 b/w illustrations
Topics