The global financial crisis and austerity: A Basic Introduction (Short Insights) - Softcover

Clark, David

Softcover

ISBN 10: 1447330390 ISBN 13: 9781447330394

Publisher: Policy Press, 2015

Synopsis

Given the huge impact of the 2008 financial crash and post-crash austerity on so many people s lives, there is a need for a concise, accessible guide to the crash and its longer-term significance. Written by an expert in political science and straddling finance, economics and political science, this entry-level summary demystifies global finance and puts the financial crisis in its historical context. It also outlines the policy responses of Western governments to the crash and ensuing recession and the turn to austerity. As well as explaining how what began as a US mortgage crisis became a Greek and wider Eurozone debt crisis, the book addresses a number of themes that economists often neglect: why the financial system is largely unchanged from the eve of the crash; the return of the super-rich; and why one of the leading G7 advanced economies - Canada was more or less immune from the financial crash. Supplemented by an appendix with an A-Z glossary of key terms, processes and institutions, the book concludes by asking if the crisis is really over and outlines possible future scenarios, making it an impressive overview for anyone with little or no previous knowledge of the subject.

About this title

Review:

"Clark's political economy of the global financial crisis and its aftermaths is as clinical as it is accessible. It systematically demystifies and therefore empowers. This book deserves a wide readership."--Steve Tombs, Open University

"We are still living in the shadow of the 2008 financial crash. Clark provides an impressive overview of its causes and consequences, and how it has been interpreted."--Andrew Gamble, University of Cambridge

"As a simple-to-read introduction to and look back upon the financial crisis, this is as good at it gets."--Andrew Hindmoor, University of Sheffield

"Clark has written an insightful introduction to the causes and consequences of the global financial crisis, to be welcomed both for its brevity and clarity."--Simon Lee, University of Hull

About the Author:

Now retired, David Clark was formerly head of social, community and political studies at Southampton Solent University. He taught public policy and management in a number of UK universities before working on a consultancy basis for several years, undertaking assignments in the fields of urban and rural regeneration, public health, and housing and land use planning. He has written widely on themes relating to administrative justice, urban and rural regeneration and public service reform in the UK, France and Canada, most recently in association with the Québec National School of Public Administration.

About this edition

• Publisher: Policy Press
• Publication date: 2015
• ISBN 10: 1447330390
• ISBN 13: 9781447330394
• Binding: Paperback
• Number of pages: 160