Financing the Apocalypse

Drivers for Economic and Political Instability

Business & Finance, Economics, Macroeconomics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Financing the Apocalypse by Joel Magnuson, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Joel Magnuson ISBN: 9783030047207
Publisher: Springer International Publishing Publication: December 30, 2018
Imprint: Palgrave Macmillan Language: English
Author: Joel Magnuson
ISBN: 9783030047207
Publisher: Springer International Publishing
Publication: December 30, 2018
Imprint: Palgrave Macmillan
Language: English

As we tour the 400 year history of capitalism through its various phases of development, financial system instability is always there lurking in the shadows. The historical record attests that the processes of aggregating capital for real investment are inescapably vulnerable to risk, manic speculation, unserviceable debt, and crises; and with each episode of instability, a trail of devastation follows. Economic historians such as Hyman Minsky, Charles Kindleberger and others have studied this history and have exposed certain boom-bust patterns that have a way of stubbornly repeating themselves.

This book posits that the large-scale financial crises that the world has experienced over the last 30 years are more or less the latest segments in this narrative, but with some distinct characteristics. In the period spanning the stock market crash of 1987 to the banking crisis of 2008 and its aftermath – the Greenspan Era – there were key institutional and ideological developments rooted in contemporary neoliberalism that have reshaped the historic rise-and-fall patterns to become more severe and widespread. In this important volume, Magnuson suggests the next episode will be a massive financial cyclone that will send us all tumbling toward a perilous future.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

As we tour the 400 year history of capitalism through its various phases of development, financial system instability is always there lurking in the shadows. The historical record attests that the processes of aggregating capital for real investment are inescapably vulnerable to risk, manic speculation, unserviceable debt, and crises; and with each episode of instability, a trail of devastation follows. Economic historians such as Hyman Minsky, Charles Kindleberger and others have studied this history and have exposed certain boom-bust patterns that have a way of stubbornly repeating themselves.

This book posits that the large-scale financial crises that the world has experienced over the last 30 years are more or less the latest segments in this narrative, but with some distinct characteristics. In the period spanning the stock market crash of 1987 to the banking crisis of 2008 and its aftermath – the Greenspan Era – there were key institutional and ideological developments rooted in contemporary neoliberalism that have reshaped the historic rise-and-fall patterns to become more severe and widespread. In this important volume, Magnuson suggests the next episode will be a massive financial cyclone that will send us all tumbling toward a perilous future.

More books from Springer International Publishing

Cover of the book Communication Technologies, Information Security and Sustainable Development by Joel Magnuson
Cover of the book Nanophotocatalysis and Environmental Applications by Joel Magnuson
Cover of the book Digital Transformation Shaping the Subconscious Minds of Organizations by Joel Magnuson
Cover of the book Noise and Vibration Mitigation for Rail Transportation Systems by Joel Magnuson
Cover of the book Social Capital and Local Development by Joel Magnuson
Cover of the book Soft Error Mechanisms, Modeling and Mitigation by Joel Magnuson
Cover of the book Systems and Frameworks for Computational Morphology by Joel Magnuson
Cover of the book Game User Experience Evaluation by Joel Magnuson
Cover of the book Epidemiology by Joel Magnuson
Cover of the book Phenomenology of the Winter-City by Joel Magnuson
Cover of the book Complications in Robotic Urologic Surgery by Joel Magnuson
Cover of the book Democratic Transition and the Rise of Populist Majoritarianism by Joel Magnuson
Cover of the book A Simple Introduction to the Mixed Finite Element Method by Joel Magnuson
Cover of the book Dispersion Stability, Microstructure and Phase Transition of Anisotropic Nanodiscs by Joel Magnuson
Cover of the book Athletic Footwear and Orthoses in Sports Medicine by Joel Magnuson
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy