The International Papers in Political Economy (IPPE) series explores the potential of New Economics as Mainstream Economics. This seventh volume examines the need for and the development of new economics, in light of the 'great recession' of 2007 and subsequently. The volume deals with both a new theoretical framework and the application of new economics to a number of current issues and economic problems that test the capability of this approach. It is essential reading for all postgraduates and scholars looking for expert discussion and debate of the issues surrounding the case for a new economics.