The Spectre at the Feast: Capitalist Crisis and the Politics of Recession

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Palgrave Macmillan, May 14, 2009 - Political Science - 200 pages
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After a long feast of prosperity in the western world, the crisis in the financial markets has conjured up an old spectre – the spectre of capitalist crisis, which many thought had been finally exorcised. On past experience, a full-blown capitalist crisis would bring with it the threat of slump, collapse, polarisation, conflict, and even war, spreading to all parts of the global economy - hence the great efforts being made to contain the present downturn. This important new book by a leading authority sets the financial crisis of 2007/8 in historical context and assesses its global consequences, how far it might go, and what is to be done.
 

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Contents

The Road to Excess
1
1 From Boom to Bust
13
2 Crises of Capitalism
36
3 Globalization and Neoliberalism
65
4 The Politics of Recession
92
5 The Global Impact
114
6 What is to be Done?
141
Guide to Further Reading
168
Bibliography
173
Index
181
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About the author (2009)

ANDREW GAMBLE is Professor and Head of Department of Politics, University of Cambridge. His many books include Britain in Decline, The Free Economy and the Strong State and Between Europe and America also published by Palgrave Macmillan. He is a Fellow of the British Academy and the Academy of Social Sciences and was awarded the Sir Isaiah Berlin Prize for Lifetime Contribution to Political Studies by the UK Political Studies Association in 2005.

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