AFTER THE GREAT COMPLACENCE: FINANCIAL CRISIS AND THE POLITICS ENGELEN E. EDITOR / POLITICS Księgarnia

Provides a clear narrative on financial innovation before 2007 and political obstacles to reform after 2007
Accessibly written for a wide audience
Interdisciplinary approach - economics, politics, accounting, sociology

What is the relationship between the financial system and politics? In a democratic system, what kind of control should elected governments have over the financial markets? What policies should be implemented to regulate them? What is the role played by different elites - financial, technocratic, and political - in the operation and regulation of the financial system? And what role should citizens, investors, and savers play?

These are some of the questions addressed in this challenging analysis of the particular features of the contemporary capitalist economy in Britain, the USA, and Western Europe. The authors argue that the causes of the financial crisis lay in the bricolage and innovation in financial markets, resulting in long chains and circuits of transactions and instruments that enabled bankers to earn fees, but which did not sufficiently take into account system risk, uncertainty, and unintended consequences.

In the wake of the crisis, the authors argue that social scientists, governments, and citizens need to re-engage with the political dimensions of financial markets.

This book offers a controversial and accessible exploration of the disorders of our financial capitalism and its justifications. With an innovative emphasis on the economically 'undisclosed' and the political 'mystifying', it combines technical understanding of finance, cultural analysis, and al political account of interests and institutions.

Readership: Academics and researchers across the social sciences, policy makers and advisors, and all those interested in understanding the current financial crisis

Table of Contents

Introduction
1: After the Great Complacence: the Challenge of the Undisclosed and the Mystified

Section I: : Financial Innovation and the Undisclosed
2: Derivatives: Conjuncture, Bricolage, and Circuits
3: Hedge Funds and Private Equity as War Machines
4: Banking for Themselves: the Transaction Generating Machine

Section 2: Beyond Democratic Control? Mystified Politics Before and After the Crisis
5: Mystification Undermines Regulation Before 2007
6: Closure: Distributive Coalition vs. Democratic Opening
7: In Charge? Political Classes and Technocratic Elites

Conclusion
8: What is To Be Done? Mobilising for Simpler, Sustainable Finance

304 pages, Hardcover

Po otrzymaniu zamówienia poinformujemy,
czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.