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Colin Hay argues that the crisis in which we are still mired is best seen as a crisis of growth and not as a crisis of debt. It is a crisis of and for an excessively liberalised form of capitalism and the Anglo-liberal growth model to which it gave rise.

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1. Introduction 2. The unfolding of the crisis - in three waves 3. A fiscal crisis of and for the state? 4. The Anglo-liberal growth model 5. From bubble burst to austerity 6. Getting what went wrong right . . . and putting it right 7. Conclusion: Crisis, what crisis?

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´This book provides a clear analysis of Britain´s long-standing economic problems that goes beyond the debates about the banking system, education standards, immigration, investment and government spending. It shows how any solution must integrate policies in all these areas, and generate a sustainable growth pattern that avoids environmental disasters.´ - Peter Taylor-Gooby, University of Kent, UK

´Hay goes straight to the heart of the present crisis of the British economy and locates it in its proper historical context. He offers bold and trenchant analysis of both the specific origins of the British crisis in a particular growth model and what is now at stake in the present policy debate. His style is direct, highly relevant, and represents exactly the kind of engagement that British scholars should be making with our country´s future.´ - Helen Thompson, University of Cambridge, UK

´The British economy is still mired in the fall-out from the 2008 financial crash. In his new book Colin Hay provides a powerful and arresting argument that the crisis is not a crisis of debt but a crisis of growth, and that the causes are rooted in Britain´s long addiction to a particular form of economic liberalism. Essential reading.´ - Andrew Gamble, University of Cambridge, UK

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Colin Hay is Professor of Government and Comparative Public Policy at Sciences Po, Paris and Affiliate Professor of Political Analysis at the University of Sheffield, where he co-founded the Sheffield Political Economy Research Institute (SPERI). He is the author of a number of books including The Failure of Anglo-Liberal Capitalism and The Political Economy of European Welfare Capitalism (with Daniel Wincott). He is editor of the journals Comparative European PoliticS and British Politics (both published by Palgrave Macmillan) and New Political Economy (Taylor & Francis).

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