{"product_id":"seven-crashes-economic-crises-0300263392","title":"Seven Crashes by Harold James","description":"\u003ch1\u003e\u003cstrong\u003eSeven Crashes: The Economic Crises That Shaped Globalization\u003c\/strong\u003e\u003c\/h1\u003e\n\u003ch2\u003eby Harold James\u003c\/h2\u003e\n\u003ch3\u003e\u003cstrong\u003e\u003cem\u003eA leading economic historian presents a new history of financial crises, showing how some led to greater globalization while others kept nations apart\u003c\/em\u003e\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp\u003eThe eminent economic historian Harold James presents a new perspective on financial crises, dividing them into “good” crises, which ultimately expand markets and globalization, and “bad” crises, which result in a smaller, less prosperous world.\u003c\/p\u003e\n\u003cp\u003eExamining seven turning points in financial history—from the depression of the 1840s through the \u003cstrong\u003eGreat Depression of the 1930s to the Covid-19 crisis\u003c\/strong\u003e—James shows how crashes prompted by a lack of supply, like the oil shortages of the 1970s, lead to greater globalization as markets expand and producers innovate to increase supply.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eBy contrast, crises triggered by a lack of demand—such as the Global Financial Crisis of 2007–2008—result in less globalization as markets contract, austerity measures are imposed, and skepticism of government grows.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eBy considering not only the times but also the observers who shaped our understanding of each crisis—\u003cstrong\u003efrom Karl Marx to John Maynard Keynes to Larry Summers\u003c\/strong\u003e—James shows how the uneven course of globalization has led to new economic thinking, and how \u003cstrong\u003eunderstanding this history can help us better prepare for the future.\u003c\/strong\u003e\u003c\/p\u003e","brand":"Bust-Down Books","offers":[{"title":"Default Title","offer_id":50357243183419,"sku":"0300263392","price":26.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0855\/2077\/7531\/files\/9780300263398.jpg?v=1760991149","url":"https:\/\/bustdownbooks.com\/products\/seven-crashes-economic-crises-0300263392","provider":"Bust-Down Books","version":"1.0","type":"link"}