After The Great Complacence Financial Crisis and the Politics of Reform

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  • Engels
  • Hardcover
  • 9780199589081
  • 29 september 2011
  • 296 pagina's
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Samenvatting

This book provides an accessible cultural and political analysis of how our disorderly and financialized system of capitalism works, what led to the financial crisis that began in 2007, the policy debates about reform, and why democratic control is difficult after the events of 2008.



What is the relationship between the financial system and politics? In a democratic system, what kind of control should elected governments have over the financial markets? What policies should be implemented to regulate them? What is the role played by different elites - financial, technocratic, and political - in the operation and regulation of the financial system? And what role should citizens, investors, and savers play? These are some of the questions addressed in this challenging analysis of the particular features of the contemporary capitalist economy in Britain, the USA, and Western Europe. The authors argue that the causes of the financial crisis lay in the bricolage and innovation in financial markets, resulting in long chains and circuits of transactions and instruments that enabled bankers to earn fees, but which did not sufficiently take into account system risk, uncertainty, and unintended consequences. In the wake of the crisis, the authors argue that social scientists, governments, and citizens need to re-engage with the political dimensions of financial markets. This book offers a controversial and accessible exploration of the disorders of our financial capitalism and its justifications. With an innovative emphasis on the economically 'undisclosed' and the political 'mystifying', it combines technical understanding of finance, cultural analysis, and al political account of interests and institutions.

Productspecificaties

Inhoud

Taal
en
Bindwijze
Hardcover
Oorspronkelijke releasedatum
29 september 2011
Aantal pagina's
296
Illustraties
Nee

Betrokkenen

Hoofdauteur
Ewald Engelen
Tweede Auteur
Ismail Erturk
Co Auteur
Julie Froud
Hoofduitgeverij
Oxford University Press

Overige kenmerken

Extra groot lettertype
Nee
Product breedte
160 mm
Product hoogte
27 mm
Product lengte
241 mm
Studieboek
Ja
Verpakking breedte
165 mm
Verpakking hoogte
241 mm
Verpakking lengte
27 mm
Verpakkingsgewicht
606 g

EAN

EAN
9780199589081
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