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The First History of Our Financial Crisis

Bibliographic Data

ID9626048
AuthorsPer H Hansen (0000-0001-6514-4329, Copenhagen Business School, corresponding author)
Year2019
Volume93
Issue1
Pages161-171
Publication date2019-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Business History Review (JOURNAL)
Journal identifiersISSN: 0007-6805 • E-ISSN: 2044-768X
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0007680519000291
OpenAlexW2932777462
LanguageEN
References cited13

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” (p. 143)

Business · Economics · Financial crisis · Financial system · Keynesian economics · Economic Theory and Policy · Energy, Economy, and Technology Trends · Finance · Political Economy and Marxism

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  • Disciplining Investment Bankers, Disciplining the Economy

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Citation velocityhistorical
Highly citedNo

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