Economics and the Financial Crisis

Book Review: Progressive Politics After the Crash: Governing from the Left

Those who hoped the collapse of financial markets would usher in the end of neoliberalism and rehabilitate support for traditional social democratic policies programmes have been disappointed. Instead, neoliberals have thus far shaped the discourses surrounding austerity, shrinking the State and slashing welfare. How and why this has been the case, and how the centre-Left might successfully counter-attack this narrative, are the […]

Book Review: Hedge Fund Structure, Regulation and Performance around the World

Hedge funds and their managers have been vilified in recent times for their high-risk activities and relative lack of regulatory oversight. However, while it is frequently suggested that hedge funds are unregulated, they are in fact regulated to some degree in every country around the world. In this book, the authors consider data from a multitude of countries to understand […]

Book Review: London 2012: How Was It For Us?

The memories of the London 2012 Olympics and Paralympics will remain with us forever, but what did those four weeks tell us about ourselves, our society’s values and its possibilities? This collection of critical reflections aims to address the reality of the Games’ impact, question what the ceremonies and Team GB represented, and deconstruct the organisers’ claims of economic regeneration and boosting […]

Book Review: Governance of International Banking: The Financial Trilemma

In the aftermath of the financial crisis, the business model of international banks is under pressure. Regulators across the world are retrenching to national lines by applying restrictions on cross-border banking. Applying game theory, this book develops a model of the financial trilemma to understand the co-ordination failure among regulators. Roger McCormick finds that the book contains some excellent, succinct case studies […]

Book Review: Myths, Politicians, and Money: The Truth Behind the Free Market

Had things worked out differently, Bryan Gould could well have become Britain’s first foreign-born Prime Minister. Instead, he became the Master of Wellington University, and a noted economist and historian. Here Sean Kippin reviews Myths, Politicians, and Money, in which Gould charts the establishment of a malign neoliberal economic order and argues that the West needs to change if it is […]

Book Review: The Political Power of the Business Corporation

Thanks to successful wealth generation and ideological victories, the large business corporation has become an effective political actor and has entered into partnership with government in the design of public policy and delivery of public services. In this book Stephen Wilks argues that governmental and corporate elites have transformed British politics to create a ‘new corporate state’ with similar patterns in […]

Book Review: Austerity: The History of a Dangerous Idea

We are told that we need to live in an age of austerity since we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from: not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken […]

Book Review: The Origins of Active Social Policy: Labour Market and Childcare Policies in a Comparative Perspective

Since the mid 1990s, governments throughout Europe have invested massively in two areas: active labour market policy and childcare. The result, a more active welfare state, seems a rather solid achievement, likely to survive the turbulent post-crisis years. This book contains case studies of policy trajectories in seven European countries and advanced statistical analysis of spending figures. Giuliano Bonoli provides a rich and well-referenced […]