Murphy, Enda, Mercille, Julien, (2015), “Deepening Neoliberalism, Austerity, and Crisis-Europe’s Treasure Ireland”, International Political Economy Series, Palgrave-Macmillan publications, July This is a book about power. It demonstrates how political and economic elites have used the 2008 crisis as an opportunity to deepen and extend neoliberal ideas and practices. From bank bailouts to austerity, Europe’s and Ireland’s response to the economic crisis has been engineered specifically to shift the burden of paying for a …Read More
The Global Division of Labour-Development and Inequality in World Society
Münch, Richard, (2015), ” The Global Division of Labour-Development and Inequality in World Society”, International Political Economy Series, Palgrave-Macmillan publications, November Global free trade is one of the most controversial phenomena of our time. Supporters of economic liberalism believe that it will provide affluence for all regions of the globe; its critics view it as the driving force of increasing inequality, societal disorganization and ecological damage. Richard Münch offers a new theory of …Read More
The Global Financial Crisis
Zestos, George, (2015), “The Global Financial Crisis”, International Political Economy Series, Routledge publications, 12 October Although banking and sovereign debt crises are not unusual, the crisis that has unfolded across the world since 2007 has been unique in both its scale and scope. It has also been unusual in being both triggered by, and mainly affecting, developed economies. Starting with the US subprime mortgage crisis, and the recession in 2007-2009, …Read More
The European Union Illuminated-Its Nature, Importance and Future
El Agraa, Ali, (2015), “The European Union Illuminated-Its Nature, Importance and Future”, Economics Series, Palgrave-Macmillan publications, May 2015 The EU is under stress. Many believe in the euro’s demise because they blame it for the 2008 financial crisis and the unwelcome austerity measures. Many resent the immigrants from the new EU member states, threatening the survival of the Single European Market (SEM). Many complain of a ‘Brussels diktat’, seeking an escape …Read More
Transatlantic Politics and the Transformation of the International Monetary System
Frasher, Michelle, (2015), “Transatlantic Politics and the Transformation of the International Monetary System”, European Union Series, Routledge publications, 8 September With original archival documents and interviews from the US and Europe, Michelle Frasher brings the reader into the negotiating room with American, German, and French officials as they confronted the collapse of the Bretton Woods monetary system and made decisions that affected the course of European integration and the contemporary …Read More
Routledge Handbook of the Economics of European Integration
Badinger, Harald, Nitch, Volker, (2015), “Routledge Handbook of the Economics of European Integration”, Routledge publications, European Union Series, 30 September The aim of this book is twofold. Firstly, the text illustrates the broad and diverse range of issues associated with European integration, and lastly, the key approaches and findings are summarised. Since institutional integration in Europe is an ongoing process, with possibly frequent and sometimes rapid changes, the chapters are …Read More
The Euro, The Dollar and the Global Financial Crisis
Otero-Iglesias, Miguel, (2015), “The Euro, The Dollar and the Global Financial Crisis”, Routledge publications, European Union Series, 18 October Drawing on Chartalist and Constructivist theories of money, the author provides a systematic approach to studying global currency dynamics and presents extensive original empirical data on financial elites in China, Saudi Arabia, the UAE and Brazil. The author demonstrates, amongst other things, how the gradual ascendance of a structurally flawed currency …Read More
The Eurozone Crisis: A Consensus View of the Causes and a Few Possible Solutions
Baldwin, Richard, Giavazzi, Francesco, (2015), “The Eurozone Crisis: A Consensus View of the Causes and a Few Possible Solutions”, CEPR Press, 7 September There is not yet a consensus on what more needs to be done in order to cope with the Eurozone Crisis. This new Vox eBook concerns the causes and possible solutions to the problem. In it, the authors highlight three ultimate causes for the Crisis. First, policy failures allowed the imbalances …Read More
Other People’s Money: Masters of the Universe or Servants of the People?
Kay, John, (2015), Other People’s Money: Masters of the Universe or Servants of the People?, Profile Books, 3 September. We all depend on the finance sector. We need it to store our money, manage our payments, finance housing stock, restore infrastructure, fund retirement and support new business. But these roles comprise only a tiny sliver of the sector’s activity: the vast majority of lending is within the finance sector. So what is …Read More
Hall of Mirrors: The Great Depression, The Great Recession, and the Uses-and Misuses-of History
Eichengreen, Barry, (2015), Hall of Mirrors: The Great Depression, The Great Recession, and the Uses-and Misuses-of History, Oxford University Press USA The two great financial crises of the past century are the Great Depression of the 1930s and the Great Recession, which began in 2008. Both occurred against the backdrop of sharp credit booms, dubious banking practices, and a fragile and unstable global financial system. When markets went into cardiac …Read More