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| Genre/Form: | History |
|---|---|
| Material Type: | Internet resource |
| Document Type: | Book, Internet Resource |
| All Authors / Contributors: |
Ewald Engelen |
| ISBN: | 9780199589081 0199589089 9780191618147 0191618144 |
| OCLC Number: | 727704905 |
| Description: | xiv, 281 pages : illustrations ; 24 cm |
| Contents: | Introduction: framing the crisis: accident, fiasco, or debacle? -- After the Great Complacence -- Financial innovation or bricolage? -- 'Alternative investment' or nomadic war machine? -- Banks misunderstood -- Prelude: regulation undermined before 2007 -- Open and shut? Democratic opening vs regulatory closure after 2008 -- The limits of expertise: the United Kindom as an unhappy family -- Reform? Hubristic intervention or effective democracy. |
| Series Title: | Photo gallery series. |
| Responsibility: | Ewald Engelen [and others]. |
| More information: |
Abstract:
Reviews
Publisher Synopsis
This book offers a brilliant discussion of the relationship between finance and politics and it should be on the reading list of any economist. * Daniela Gabor, Economic Issues * By taking a sideways swipe at the idea of the period before the financial crisis being the "great moderation" this book provides a convincing narrative for this being the "great complacence" instead. It suggests that this was a period of unprecedented hubris on the part of the political and economic elites, and that the resulting crisis was not an accident, not a disaster, not a catastrophe, nor a fiasco, but a genuine political debacle. The book argues that elitesfailed to appreciate the financial system as a bricolage of excess, disconnects, anomalies, and contradictions, with the result that this ramshackle assemblage collapsed around them and us with devastating consequences. Angry and compelling, this book demands to be read as a clear-headed alternativeaccount of the run up to this critical period and its aftermath. * Grahame F. Thompson, Copenhagen Business School * With the post-crisis financial reform process at an impasse the book looks at the historical causes of the crisis. Its focus on elite power control of central banking and regulation is a refreshing alternative to macro-economic narratives. This is essential and disturbing reading for anybody concerned about the relationship between financial power and democracy. * Paul Mason, Economics Editor, BBC Newsnight * There have been many books about the financial crisis but very few as original and incisive as this one. This is a book which really ought to be read not only by academics but also by industry representatives and policy makers in order to make sure that the kind of hubris displayed in the early 2000s, born out of a curious mixture of elite miscalculation and misbegotten premises, never again becomes an article of faith. * Nigel Thrift, Vice-Chancellor, University of Warwick * It's excellent and important. Absolutely essential reading for anyone wanting to understand how Britain's financial sector got out of control ... a landmark in this field. * Nick Shaxson, author of the Treasure Island * A very important book ... an indispensible tool to counter the propaganda of the City and its friends in politics and the media. * Ian Sinclair, Tribune * Masterly ... should be read by every policy-maker currently engaged in the rhetoric of "rebalancing". * Paul Mason, The Guardian * [A]n interesting and thought-provoking read for academics, practitioners and interested lay readers alike. * Liam Stanley, Political Studies Review * Among the growing body of scholarship on the global financial crisis, After the Great Complacence stands out for the sophistication and ingenuity of its insights. This engaging book produced by a team of researchers associated with the University of Manchesters Centre for Research on Socio-Cultural Change presents an impressive interdisciplinary analysis of the origins of the crisis and the prospects of finance reform. * Chris F Wright, Work Employment and Society * In After the Great Complacence, Engelen et al. have powerfully captured the reinvention of contemporary financial institutions associated with the emergence of more complex and risky finance leading up to the 2008 financial crisis. * Dean Curran, The British Sociological Association * Read more...
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Related Subjects:(15)
- Global Financial Crisis, 2008-2009.
- Finance, Public -- History -- 21st century.
- Financial institutions -- Government policy.
- Financial services industry -- Law and legislation.
- Crise financière.
- Marché financier.
- Réglementation.
- Démocratie.
- Aspects politiques.
- Contrôle bancaire.
- Economics.
- Finance, Public.
- Finanzkrise
- Finanzdienstleistung
- Regulierung
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- Financial Crisis 2008-(422 items)
by UWlawref updated 2012-08-30
