After the Great Complacence: Financial Crisis and the Politics of Reform

Ewald Engelen (University of Amsterdam),Ismail Erturk (Centre for Research in Socio-Cultural Change and Manchester Business School, University of Manchester),Julie Froud (Centre for Research in Socio-Cultural Change and Manchester Business School, University of Manchester),Sukhdev Johal (Department of Management, Royal Holloway),Adam Leaver (Centre for Research in Socio-Cultural Change and Manchester Business School, University of Manchester)

After the Great Complacence: Financial Crisis and the Politics of Reform
Format
Hardback
Publisher
Oxford University Press
Country
United Kingdom
Published
11 October 2011
Pages
296
ISBN
9780199589081

After the Great Complacence: Financial Crisis and the Politics of Reform

Ewald Engelen (University of Amsterdam),Ismail Erturk (Centre for Research in Socio-Cultural Change and Manchester Business School, University of Manchester),Julie Froud (Centre for Research in Socio-Cultural Change and Manchester Business School, University of Manchester),Sukhdev Johal (Department of Management, Royal Holloway),Adam Leaver (Centre for Research in Socio-Cultural Change and Manchester Business School, University of Manchester)

What is the relationship between the financial system and politics? In a democratic system, what kind of control should elected governments have over the financial markets? What policies should be implemented to regulate them? What is the role played by different elites - financial, technocratic, and political - in the operation and regulation of the financial system? And what role should citizens, investors, and savers play? These are some of the questions addressed in this challenging analysis of the particular features of the contemporary capitalist economy in Britain, the USA, and Western Europe. The authors argue that the causes of the financial crisis lay in the bricolage and innovation in financial markets, resulting in long chains and circuits of transactions and instruments that enabled bankers to earn fees, but which did not sufficiently take into account system risk, uncertainty, and unintended consequences.In the wake of the crisis, the authors argue that social scientists, governments, and citizens need to re-engage with the political dimensions of financial markets. This book offers a controversial and accessible exploration of the disorders of our financial capitalism and its justifications. With an innovative emphasis on the economically ‘undisclosed’ and the political ‘mystifying’, it combines technical understanding of finance, cultural analysis, and al political account of interests and institutions.

This item is not currently in-stock. It can be ordered online and is expected to ship in approx 2 weeks

Our stock data is updated periodically, and availability may change throughout the day for in-demand items. Please call the relevant shop for the most current stock information. Prices are subject to change without notice.

Sign in or become a Readings Member to add this title to a wishlist.