Financing the Apocalypse: Drivers for Economic and Political Instability - Couverture souple

Magnuson, Joel

Couverture souple

ISBN 10 : 3030405176 ISBN 13 : 9783030405175

Editeur : Palgrave Macmillan, 2020

Synopsis

As we tour the 400 year history of capitalism through its various phases of development, financial system instability is always there lurking in the shadows. The historical record attests that the processes of aggregating capital for real investment are inescapably vulnerable to risk, manic speculation, unserviceable debt, and crises; and with each episode of instability, a trail of devastation follows. Economic historians such as Hyman Minsky, Charles Kindleberger and others have studied this history and have exposed certain boom-bust patterns that have a way of stubbornly repeating themselves.

This book posits that the large-scale financial crises that the world has experienced over the last 30 years are more or less the latest segments in this narrative, but with some distinct characteristics. In the period spanning the stock market crash of 1987 to the banking crisis of 2008 and its aftermath - the Greenspan Era - there were key institutional and ideological developments rooted in contemporary neoliberalism that have reshaped the historic rise-and-fall patterns to become more severe and widespread. In this important volume, Magnuson suggests the next episode will be a massive financial cyclone that will send us all tumbling toward a perilous future.

A propos du livre

À propos de l'auteur

Joel Magnuson is an independent economist based in Portland, Oregon. He is the author of many books, as well as numerous articles in journals and anthologies in the United States, Europe, and Japan. His research interests include mindful economics and institutional reform.

Détails de l'édition

• Éditeur: Palgrave Macmillan
• Date d'édition: 2020
• Langue: anglais
• ISBN 10: 3030405176
• ISBN 13: 9783030405175
• Reliure: Broché
• Nombre de pages: 340
• Coordonnées du fabricant: non disponible
• Personne responsable: Koch-Chemie GmbH; https://www.koch-chemie.com ; ; Einsteinstr. 42; Unna; 59423; Allemagne