Seven Crashes: The Economic Crises That Shaped Globalization

A leading economic historian presents a new history of financial crises, showing how some led to greater...
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$66.22 SGD
SKU: 9780300263398
Product Type: Books
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Author: Harold James
Format: Hardcover
Language: English
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Seven Crashes: The Economic Crises That Shaped Globalization by James, Harold

Seven Crashes: The Economic Crises That Shaped Globalization

$66.22

Seven Crashes: The Economic Crises That Shaped Globalization

$66.22
Author: Harold James
Format: Hardcover
Language: English
A leading economic historian presents a new history of financial crises, showing how some led to greater globalization while others kept nations apart

The eminent economic historian Harold James presents a new perspective on financial crises, dividing them into "good" crises, which ultimately expand markets and globalization, and "bad" crises, which result in a smaller, less prosperous world. Examining seven turning points in financial history--from the depression of the 1840s through the Great Depression of the 1930s to the Covid-19 crisis--James shows how crashes prompted by a lack of supply, like the oil shortages of the 1970s, lead to greater globalization as markets expand and producers innovate to increase supply. By contrast, crises triggered by a lack of demand--such as the Global Financial Crisis of 2007-2008--result in less globalization as markets contract, austerity measures are imposed, and skepticism of government grows.

By considering not only the times but also the observers who shaped our understanding of each crisis--from Karl Marx to John Maynard Keynes to Larry Summers--James shows how the uneven course of globalization has led to new economic thinking, and how understanding this history can help us better prepare for the future.

Author: Harold James
Publisher: Yale University Press
Published: 05/16/2023
Pages: 376
Binding Type: Hardcover
Weight: 1.64lbs
Size: 9.28h x 6.47w x 1.11d
ISBN: 9780300263398


Review Citation(s):
Publishers Weekly 04/10/2023

About the Author
Harold James is the Claude and Lore Kelly Professor in European Studies and professor of history and international affairs at Princeton University. He is the author of numerous books, including The War of Words: A Glossary of Globalization. He lives in Princeton, NJ.

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