The focus of this Palgrave Book Series is the SPERI research agenda which seeks to explore the core economic and political questions that require us to develop a new sustainable model of political economy.

The Political Economy of Britain in Crisis by Christopher by Christopher Kirkland

This book explores two recent crises in British political economy: the crisis of 1976–9, for which the trade unions were impugned, and the 2007 economic crisis, for which bankers were (at least initially) blamed. The author argues that the “crisis resolution” of the former – principally the Thatcherite reforms of the 1980s – led to the emergence of the banking crisis. Further, Kirkland demonstrates how narratives of blame have emerged and were used in both instances to promote specific agendas. Narrations of blame and crises were used to curb the trade union powers in the 1980s, whilst the 2007 crisis was quickly reframed as one of excessive government spending, which in turn has led to policies of austerity.

Oil and the Western economic Crisis by Helen Thompson

This book explains the place of oil in the economic and political predicaments that now confront the West. Thompson explains the problems that the rising cost of oil posed in the years leading up to the 2008 crash, and the difficulties that a volatile oil market now poses to economic recovery under the conditions of high debt, low growth and quantitative easing. The author argues that the ‘Gordian knot’ created by the economic and political dynamics of supply and demand oil in the present international economy poses a fundamental challenge to the assumption of economic progress embedded in Western democratic expectations.

MartinCraig-Palgrave-150Ecological Political Economy and the Socio-Ecological Crisis by Martin Craig

This book critically syntheses a range of disparate literatures and debates and asks what is at stake in mounting a decisive response to the ‘socio-ecological crisis’ – a crisis of humanity’s relationship with the rest of nature that places social life as we know it in jeopardy. Martin Craig proposes that political economists within and beyond the field of political ecology make an indispensable contribution to the diagnosis of this crisis and the formulation of prescriptions for its resolution. In a wide-ranging yet concise exposition, he assesses the fraught relationship between capitalist societies and the biosphere of which they are a part and urges a renewed emphasis on political-economic structure and strategy when considering responses to the crisis. The result is a proposal for a critical yet inclusive research enterprise – ‘ecological political economy’ – within which a wide variety of researchers can readily participate.

India-growth-150The Political Economy of India’s Growth episodes by Sabyasachi Kar and Kunal Sen

This book breaks down the last 65+ years of Indian development into several episodes of growth, providing a rich set of insights into the political economy of the Indian development process. The first of these episodes, running from the 1950s to 1992, was mostly characterised by economic stagnation, with a nascent recovery in the eighties. The second, covering the period 1993 to 2001, witnessed the first growth acceleration in the economy. A second acceleration ran from 2002 to 2010. The fourth and final episode started with the slowdown in 2010 and continues to this day. The book provides a theoretical framework that focuses on rent-structures, institutions and the polity and demonstrates how changes in these can explain the ups and downs of growth in India.

Austerity Politics and UK Economic PolicyAusterity Politics and UK Economic Policy by Craig Berry

This book assesses UK economic policy in the wake of the financial crisis through the lens of the austerity agenda, focusing on monetary policy, economic rebalancing, industrial and regional policy, the labour market, welfare reform and budgetary management.Berry argues that austerity is geared towards a resurrection of financialisation and the UK’s pre-crisis economic model, through the transformation of individual behaviour and demonisation of the state. Accordingly, the book shows that cutting public spending and debt in the short term is, at most, a secondary concern for the UK policy elite. However, the underlying purpose of austerity is frequently misunderstood due to its conflation with a narrow deficit reduction agenda, not least by its Keynesian critics.

China-renewable-150China’s Renewable Energy Revolution by John Mathews and Hao Tan

The authors suggest that China’s renewable energy system, the largest in the world, will quickly supersede the black energy system that has powered the country’s rapid rise as workshop of the world and for reasons that have more to do with fixing environmental pollution and enhancing energy security than with curbing carbon emissions.

Available from Palgrave.

British Growth CrisisThe British Growth Crisis

January 2015

The British Growth Crisis is an important collection of essays by leading commentators who seek to provide a much-needed answer to the question of growth following the financial crash of 2007 which brought British growth to a sharp halt.

The essays were first presented as papers at the SPERI’s first ever conference in 2012.

Available from Palgrave.

9781137385482.inddUneconomic Economics and the Crisis of the Model World by Matthew Watson

January 2014

Matthew Watson analyses the political response to imploding markets through the lens of the history of thought, asking ‘what has gone wrong with economics?’ against the backdrop of the global financial crisis.

Available from Palgrave.

The Failure of Anglo-Liberal Capitalism

The Failure of Anglo-liberal Capitalism by Colin Hay

January 2013

The global financial crisis has generated an intense debate in academic, business, journalistic and political circles alike about what went wrong and how to put it right. In this provocative reassessment of the crisis and its implications, Colin Hay argues that it is only by acknowledging the complicity and culpability of an Anglo-liberal model of capitalism in the inflation and then bursting of the bubble that we can begin to see the full extent of what is broken and what now must be fixed.

Available from Palgrave.