CHAPTER 1

The Limits of Current Global Capitalism: An Introduction

Overview

Not only in the authors’ teaching experience, in various disciplines, but also in Dr. Svigir’s economics consulting engagements with policy makers at the European Commission (EC), we typically assumed that the quality of knowledge and debates regarding macroeconomics is continuously neglected at large or omitted altogether. It is either reserved for academic discussions or misplaced in the course of the overall understanding of a variety of emergent phenomena in business and economics regarding globalization. That is a shame since macroeconomics, as a discipline, is very much about the part of economics concerned with the large-scale or general economic factors, such ...

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