Engelbert Stockhammer is Professor of Economics at Kingston University. His research areas include macroeconomics, financial systems, and political economy. He is research associate at the Political Economy Research °ËØÔ±¬ÁÏ at the University of Massachusetts at Amherst, member of the coordination committee of the “Research Network Macroeconomics and Macroeconomic Policies” (FMM), and a co-organiser of the summer schools of the FMM. He has published widely in academic journals on the determinants of unemployment, on distribution-led demand regimes, and on financialization. He is author of the book “The rise of unemployment in Europe” (2004) and is co-editor of “Macroeconomic Policies on Shaky Foundations - Whither Mainstream Economics?” (2009), “Heterodoxe Ökonomie” ([in German] 2009), and “A Modern Guide to Keynesian Economics and Economic Policies” (Edward Elgar).
Engelbert Stockhammer
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Debt-driven Growth: The decade prior to the Great Recession
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The Lehman Crisis and the Unfinished Business of Financial Reform
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The Lehman Crisis and the Unfinished Business of Financial Reform
With the collapse of Lehman Brothers in September 2008, a crisis in part driven by derivatives on subprime mortgages, a seemingly obscure sector of the financial market help fuel the worst economic crisis since the Great Depression.