The Global Financial Crisis and Austerity: A Basic Introduction (Short Insights) - Softcover

Clark, David

Softcover

ISBN 10: 1447330390 ISBN 13: 9781447330394

Publisher: Policy Press, 2016

Synopsis

Given the far-reaching impact of both the 2008 financial crash and postcrash austerity policies on so many people’s lives, there exists a need for a succinct, straightforward guide to the situation’s causes and its long-term significance. The Global Financial Crisis and Austerity fulfills that need. Written by an expert in political science, this book spans the fields of finance, economics, and politics to demystify the sometimes arcane world of global finance, such as the shadow banking system, and put the recent financial crisis in its historical context. Addressing a number of themes that economists writing on the crisis tend to neglect, David Clark not only outlines the policy responses of Western governments to the crash, the ensuing recession, and in their turn to austerity, but also reviews the crash’s larger legacy and asks if the crisis is really over. Supplementing his discussion with a glossary of key terms, processes, and institutions, Clark provides an invaluable overview for all of us affected by the crash, offering a range of possible scenarios for the future.

About this title

About the Author:

David Clark was formerly head of social, community, and political studies at Southampton Solent University.

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 this edition

• Publisher: Policy Press
• Publication date: 2016
• ISBN 10: 1447330390
• ISBN 13: 9781447330394
• Binding: Paperback
• Edition number: 1
• Number of pages: 160