Economics and the Financial Crisis

  • Permalink Gallery

    Book Review: Political Bubbles: Financial crises and the failure of American democracy by Nolan McCarty, Keith T. Poole and Howard Rosenthal

Book Review: Political Bubbles: Financial crises and the failure of American democracy by Nolan McCarty, Keith T. Poole and Howard Rosenthal

Political Bubbles is very enjoyable, insightful, and challenging, writes Declan Jordan. It addresses a remarkably under-analysed aspect of the financial crisis and the interface generally between politics and economics. Some of the political failures that came to the fore for the financial crises are just as likely to hinder political approaches to important problems, including poverty, inequality, and climate change. […]

  • Permalink Gallery

    Book Review: Homo Economicus: The (Lost) Prophet of Modern Times by Daniel Cohen

Book Review: Homo Economicus: The (Lost) Prophet of Modern Times by Daniel Cohen

In this new book, economist Daniel Cohen looks to trace our current malaise back to the rise of homo economicus: for the last 200 years, the modern world has defined happiness in terms of material gain. Homo economicus has cast aside its rivals, homo ethicus and homo empathicus, and spread its neo–Darwinian logic far and wide. Drawing on a rich […]

Book Review: Offshoring by John Urry

Offshoring introduces John Urry’s panoptic vision of a world in which democracy is all at sea. While the super-rich secret themselves away on extravagant treasure islands, the rest of the world is hard at work fuelling their indulgence. For Urry, the offshore world is dancing to the tune of Mont Pelerin’s neoliberal thought collective, and the 2007-08 financial crisis […]

  • Permalink Gallery

    Book Review: Capital in the Twenty-First Century by Thomas Piketty

Book Review: Capital in the Twenty-First Century by Thomas Piketty

Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In Capital in the Twenty-First Century, Thomas Piketty seeks to analyse a unique collection of data from twenty countries, […]

  • Permalink Gallery

    Book Review: Will China Dominate the 21st Century? by Jonathan Fenby

Book Review: Will China Dominate the 21st Century? by Jonathan Fenby

In this short and accessible book Jonathan Fenby successfully traces the huge inadequacies of the Chinese state from suffocating authoritarianism to long term economic mismanagement. The beauty of Fenby’s book is that it is superbly concise; with over 30 years’ experience of covering China, Fenby is able to distil complex ideas down to their core elements and burnish them with accompanying illustrative […]

  • Permalink Gallery

    Book Review: Big Ideas in Macroeconomics: A Nontechnical View by Kartik B. Athreya

Book Review: Big Ideas in Macroeconomics: A Nontechnical View by Kartik B. Athreya

In this book, Kartik B. Athreya aims to offer a nontechnical description of prominent ideas and models in macroeconomics, arguing for their value as interpretive tools as well as their policy relevance. Anna Grodecka finds that the book has much more to offer those interested in microeconomics and recommends this useful read to economics researchers and students.

This review was originally published […]

Book Review: Why Fight Poverty? by Julia Unwin

This book looks back at the struggle to rid the UK of poverty and asks if the struggle is worth it. What would a poverty free country be like if we could overcome the obstacles which impede progress? Julia Unwin asserts that attempts to end poverty have floundered partly because they are not supported by the public. At the core of […]

Book Review: Affluence, Austerity and Electoral Change in Britain by Paul Whiteley, Harold D. Clarke, David Sanders and Marianne C. Stewart

Affluence, Austerity and Electoral Change in Britain sets out to investigate the political economy of party support for British political parties since Tony Blair led New Labour to power in 1997. Using valence politics models of electoral choice and marshalling a wealth of survey data collected in the British Election Study’s monthly Continuous Monitoring Surveys, the authors trace forces affecting […]