After the Great Complacence : Financial Crisis and the Politics of Reform Hardback
by Ewald (, University of Amsterdam) Engelen, Ismail (, Centre for Research in Socio-Cultural Change and Manchester Business School, Unive Erturk, Julie (, Centre for Research in Socio-Cultural Change and Manchester Business School, Univers Froud, Sukhdev (, Department of Management, Royal Holloway) Johal, Adam (, Centre for Research in Socio-Cultural Change and Manchester Business School, Univers Leaver, Mick (, Centre for Research in Socio-Cultural Change and Manchester Business School, Universi Moran, Adriana (, Post-Doctoral Fellow, Centre for Research in Socio-Cultural Change and Mancheste Nilsson, Karel (, Centre for Research in Socio-Cultural Change and Manchester Business School, Univ Williams
Hardback
Description
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.
Information
-
Out of stock
- Format:Hardback
- Pages:296 pages
- Publisher:Oxford University Press
- Publication Date:29/09/2011
- Category:
- ISBN:9780199589081
Information
-
Out of stock
- Format:Hardback
- Pages:296 pages
- Publisher:Oxford University Press
- Publication Date:29/09/2011
- Category:
- ISBN:9780199589081
