The First History of Our Financial Crisis

    Publikation: Bidrag til tidsskriftAnmeldelseForskning

    Abstract

    Extract: Adam Tooze's Crashed is arguably the first historical narrative of the financial crisis. It is an ambitious account of the crisis and its global economic, financial, political, and geopolitical causes and implications. Crashed is organized chronologically in four parts—the “Gathering Storm,” “The Global Crisis,” “Eurozone,” and “Aftershocks”—and focuses more on the macrolevel structures, processes, and decisions than on the microlevel and the people suffering from the crisis. Except, that is, in aggregate numbers and a few empathic comments such as this: “As house prices fell, equity dwindled, and the hardest hit slid into negative equity. Families scrambled to slash spending and pay down credit card and other short-term debt. The result was a smothering recession in consumer demand”.
    OriginalsprogEngelsk
    TidsskriftBusiness History Review
    Vol/bind93
    Udgave nummer1
    Sider (fra-til)161-171
    Antal sider11
    ISSN0007-6805
    DOI
    StatusUdgivet - jan. 2019

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