Economics and the Financial Crisis

Book Review: Masters of the Universe, Slaves of the Market

Offering an alternative account of the Global Financial Crisis in 2008, Masters of the Universe, Slaves of the Market analyses how bankers and state elites interacted within an institutional framework they themselves created, but which then enslaved and ultimately overwhelmed them. Using tools of political science and behavioural finance theory, Nicholas Thomason finds this to be an excellent addition to the existing literature.

Masters of […]

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    Book Review: The Limits of Neoliberalism: Authority, Sovereignty and the Logic of Competition

Book Review: The Limits of Neoliberalism: Authority, Sovereignty and the Logic of Competition

Central to the book is the problem of ‘critical capacities’ of neoliberalism. The author asks: What is the relation between economic rationality and political authority? On what grounds does a neoliberal state legitimate its authority, given that neoliberal critique erodes substantive political basis for justification? Taras Fedirko finds this book offers poignant analysis, but is less clear as for why neoliberal […]

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    Book Review: The Butterfly Defect: How Globalization Creates Systemic Risks, and What to Do about It

Book Review: The Butterfly Defect: How Globalization Creates Systemic Risks, and What to Do about It

The increasing connectivity of people in the world is cause for joy and concern, according to scholars Ian Goldin and Mike Mariathasan in their new book, The Butterfly Defect: How Globalization Creates Systemic Risks, and What to Do about It writes Alex Verkhivker. The authors draw on the premise that micro distresses in any economic system, whether it be energy or […]

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    Book review: Thrive: The Power of Evidence-Based Psychological Therapies

Book review: Thrive: The Power of Evidence-Based Psychological Therapies

Thrive explores the new effective solutions to the misery and injustice caused by mental illness. It describes how successful psychological treatments have been developed and explains what works best for whom. It also urges us to do all we can to prevent these problems in the first place, through better schools and a better society. Marion Koob reviews, writing that […]

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    Book Review: Monetary Policy Operations and the Financial System by Ulrich Bindseil

Book Review: Monetary Policy Operations and the Financial System by Ulrich Bindseil

Monetary Policy Operations and the Financial System will not definitively prevent future financial crises, but it will ensure that society better understands what must be done to minimize their effects, writes Henry Piaskowski.

This review was originally published on the LSE Review of Books.

Monetary Policy Operations and the Financial System. Ulrich Bindseil. Oxford University Press. 2014.

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The recent financial crisis […]

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    Book Review: State Of Crisis by Zygmunt Bauman and Carlo Bordoni

Book Review: State Of Crisis by Zygmunt Bauman and Carlo Bordoni

Peter Lee highly recommends this contribution from Bauman and Bordoni, which will reward any serious student of politics who is willing to engage with its profound and nuanced arguments. The dialogue offers a breadth of engagement with subject matter that will provoke some as much as it encourages others.

This review was originally published on the LSE Review of Books.

State Of Crisis. Zygmunt […]

Book Review: After the Crisis by Alain Touraine

After the Crisis is a book which sheds light on the conditions which led to the crisis and on the broader crisis of the late capitalist society. It is a reading addressed to both experts and general audience who want to understand our society and to imagine a future, post-social, society born after the crisis, writes Francesco Di Bernardo.

After the Crisis. Alain […]

Book Review: How to Speak Money by John Lanchester

John Lanchester, the bestselling author of Capital and Whoops!, aims to decode the global language of money for all of us in an amusing and jargon-free read. Diane Coyle finds this is a very entertaining read and a clear guide to the kind of economics spoken in the financial markets and the media. Those who already speak the language would do well to read […]