Economic Crisis and Institutional Choice
Distributed for Amsterdam University Press
Although it would be premature to presume to identify the exact repercussions of the current economic crisis, it is clear that it will have profound effects in the political, economic, and social spheres. Written in the midst of the deepest economic crisis since the Great Depression, Aftershocks contains twenty-four essays—based on interviews with scholars, prominent European politicians, and leading figures from business and banking—that reflect on the origins of the crisis as well as the possible social, economic, and political transformations it may engender. Among the many contributors are Barry Eichengreen, Tony Atkinson, David Soskice, Nancy Birdsall, Amitai Etzioni, Helmut Schmidt, and Jacques Delors.
“These reflections by academics, experts and former political leaders prove that neither returning to the recipes of the 1980s and ’90s nor refurbishing the preexisting schemes of the 1950s and ’60s will yield the solutions we need at the domestic or global level. It puts a fundamental reimagining of the role of public authority and political sovereignty back on the agenda.”
“A must-read for anyone who wants to understand the economic crisis and its aftermath. The extraordinary collection of interviews with experts, policy analysts, and political leaders not only demonstrates that we need to engage in a major reevaluation of global as well as national economic policies, the role of the state in the economy, and neo-liberal doctrine, it also provides the best starting point.”
"A highly instructive and quietly provocative way to try and make sense of a financial crisis is to read this collection of disciplined but open-ended reflections on both by some of the world's best economists and social scientists. Whatever you think about the crisis now you will rethink upon encountering their trenchant but nuanced reactions."