A Political Economy of American Hegemony: Buildups, Booms, and Busts
A Political Economy of American Hegemony: Buildups, Booms, and Busts
Most discussions attribute the 2008 financial crisis to financial complexity and regulatory laxity. According to Thomas Oatley, such explanations are incomplete. Through an examination of America's postwar history, this book demonstrates that episodes of major financial instability develop every time the United States engages in a large deficit-financed military buildup.
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Descrierea produsului
Most discussions attribute the 2008 financial crisis to financial complexity and regulatory laxity. According to Thomas Oatley, such explanations are incomplete. Through an examination of America's postwar history, this book demonstrates that episodes of major financial instability develop every time the United States engages in a large deficit-financed military buildup.
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