The author argues that we should not be diverted by the East Asian 'meltdown', which is a predictable outcome of global dynamics. Of real concern, however, is the 'hidden crisis', which has been inadvertently engineered by neoliberal economists who dominate the world's financial institutions. They are the global crisis makers, who have convinced governments to abandon strategic leadership and to impose crippling deflationary policies. By employing the innovative theoretical and empirical work published in his recent series of remarkable books, Graeme Snooks shows how this threat to progress and liberty can be overcome.

This is a book about real time in economics, a dimension increasingly unused by the edge of the profession. This, it is argued, has serious implications for economics' role as the premier policy-advising source for national governments and international organizations. It is also a book about the great waves of economic change that economists have failed even to identify, let alone analyze. This failure has created an intellectual vacuum that natural scientists are now only attempting to fill. It is a book, therefore, that challenges economics to put its house in order before it is engulfed by this rising tide. But, the question is, will economics have time? By the author of "Depression and Recovery: Western Australia 1929-1939", "Exploring Southeast Asia's Economic Past" and "Domesday Economy: A New Approach to Anglo-Norman History".

This is a book about real time in economics, a dimension increasingly unused by the leading edge of the profession. This, it is argued, has serious implications for economics role as the premier policy-advising source for national governments and international organisations. It is also a book about the great waves of economic change that are surging out of the distant past and into the future - waves of change that economists have failed even to identify let alone analyse. It however challenges economics to put its house in order before it is engulfed by this rising tide. But, the question is however, will economics have time?