Departments

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financial crisis

  • SOURCE: Times Literary Supplement
    12/4/2020

    Governing in Prose: Realpolitik and Idealism in Obama’s First Term

    by Eric Foner

    Eric Foner's review of the first volume of Obama's memoir focuses on the conflict between pragmatism and idealism, and concludes that the 45th President erred in offering bailouts to bankers and expecting cooperation from Republicans, mistakes that crippled his presidency and set the stage for Trump. 

  • SOURCE: Foreign Affairs
    8-15-18 (accessed)

    The Forgotten History of the Financial Crisis

    by Adam Tooze

    What the world should have learned in 2008 is that foreign banks were racking up sizable liabilities that had to be paid in dollars. If the money markets where they obtained these dollars ceased to function, many of the world’s banks would immediately be at risk of failure.

  • Austerity: The History of a Dangerous Idea

    by Mark Blyth

    Credit: Oxford University Press.This book has a rather unusual genesis. David McBride from Oxford University Press emailed me in July 2010 and asked me if I wanted to write a book about the turn to austerity in economic policy. I had been playing with a book idea called “The End of the Liberal World” for a while but really hadn't been getting all that far with it. Dave's offer seemed to be a ready-made alternative project. After all, someone had to write such a book, and since I had, as bankers say, “skin in the game” here, for reasons I shall elaborate below, I said yes. Shortly thereafter Geoffrey Kirkman, Associate Director of the Watson Institute for International Studies at Brown University, where I am a faculty fellow, wondered if there was anything that I would like to make into a short video. I say yes – I'd do something about this new book that I have agreed to write.