By Anton Hemerijck, Ben Knapen, Ellen van Doorne

ISBN-10: 9089641920

ISBN-13: 9789089641922

Even though it will be untimely to presume to spot the precise repercussions of the present monetary predicament, it really is transparent that it'll have profound results within the political, financial, and social spheres. Written in the course of the private financial challenge because the nice melancholy, Aftershocks comprises twenty-four essays—based on interviews with students, popular ecu politicians, and top figures from enterprise and banking—that consider the origins of the predicament in addition to the prospective social, financial, and political adjustments it may well engender. one of many individuals are Barry Eichengreen, Tony Atkinson, David Soskice, Nancy Birdsall, Amitai Etzioni, Helmut Schmidt, and Jacques Delors.

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In the US, on the other hand, the social debate since the onset of the crisis has focused almost exclusively on health-care reform. There are significant political hurdles to achieving such reform, as the bitter and even violent debates on the issue in the US demonstrate. Obama is cautious about taxes, but according to Nancy Birdsall, a shift towards a more European social model and a retreat from the ‘cowboy’ model of capitalism seems inevitable, in spite of the American emphasis on low taxes and low government expenditures.

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Etzioni, A. (2004), The Common Good. Cambridge: Polity Press. Featherstone, K. and Dyson, K. (1999) The Road to Maastricht: Negotiating economic and monetary union. Oxford: Oxford University Press. Ferguson, N. (2008), The Ascent of Money. A Financial History of the World. Penguin. Friedman, M. (1962), Capitalism and Freedom. Chicago: University of Chicago Press. FSA (2009), Turner Review: A Regulatory Response to the Global Banking Crisis. 2009. pdf (Last visited: 10 September 2009). Giddens, A.

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Aftershocks: Economic Crisis and Institutional Choice by Anton Hemerijck, Ben Knapen, Ellen van Doorne

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