Shadow Networks: Financial Disorder and the System that Caused Crisis
Louca, Francisco; Ash, Michael
Language: English
Published by Oxford University Press, 2018
- First Edition
- Hardcover
- New
Seller: Prior Books Ltd, Cheltenham, United KingdomPrior Books Ltd
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- Title
- Shadow Networks: Financial Disorder and the System that Caused Crisis
- Author
- Louca, Francisco; Ash, Michael
- Publisher
- Oxford University Press
- Publication year
- 2018
- Condition
- New
- Dust jacket
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0198828217
- ISBN 13
- 9780198828211
- Edition
- First Edition.
- Item weight
- 26 ounces
- Dimensions
- 9x6x1
- Seller catalogs
- Politics, Economics & Government
Many accounts of the crisis focus on renegade activity in marginal financial sectors. Shadow Networks challenges this pervading view and sets out to demonstrate that, far from a dissident branch, the shadow finance that initiated the crisis is tightly networked with, and highly profitable for, bank-based finance. The collapse was not an accident, but baked into the system of finance from the start. Shadow Networks traces the complex web of power that caused crisis and gives vivid descriptions of the actors in the quarter century leading up to 2007 to explain how the now decade-long crisis took shape.
Shadow Networks: Financial Disorder and the System that Caused Crisis is a probing examination of the roles of the powerful elite. It traces the networks and institutions that support a finance-focused, market centered model of economy and society from their ascendancy to their surprising resilience in the face of manifest failures.
"Synopsis" may belong to another edition of this title.
About the Author
Michael Ash is Professor of Economics and Public Policy at the University of Massachusetts Amherst and Co-Director of the Corporate Toxics Information Project of the Political Economy Research Institute. He was previously Princeton Project 55 Fellow at the Trenton Office of Policy Studies, and Staff Labor Economist at the Council of Economic Advisers. Professor Ash's 2013 paper Does High Public Debt Consistently Stifle Economic Growth? (with Thomas Hernson and Robert Pollin) spurred worldwide reassessment of austerity and won awards from Bloomberg, the Washington Post, and Foreign Policy Magazine, which named the authors among the 100 Leading Global Thinkers of 2013.
"About the title" may belong to another edition of this title.
Prior Books Ltd
Cheltenham, United Kingdom
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