Member Reviews
CRASHED by Adam Tooze, an award winning Professor of History at Columba University, contains over 700 pages which explain "How a Decade of Financial Crises Changed the World." Tooze focuses on the intertwined financial world; first, he reviews the immediate response to the 2008 crisis and then moves to a discussion of the impact on Europe, especially countries like Greece, Ireland, Portugal, and Spain. Next, he looks at a shift to a more austere fiscal policy around the globe which when combined with earlier events contributed to the rise of populist politics, as evidenced by the Brexit vote and Trump election. Much more than a quick summary of a complex, challenging and continuing situation, Tooze's detailed analysis raises numerous questions. For example, are we abandoning the view that global trade makes everyone better off in the longer term? Will governments be more willing to act in a bipartisan manner to combat market distortions? Or are we heading once again towards more deregulation? What has been the impact on Russia and China? What kind of global cooperation can we expect if a new crisis occurs? CRASHED, a fascinating and comprehensive history for students of economics and politics, includes extensive notes and received starred reviews from both Kirkus and Library Journal. 4.5 stars