{"product_id":"seven-crashes-harold-james-9780300263398","title":"Seven Crashes: The Economic Crises That Shaped Globalization","description":"\u003cb\u003eA leading economic historian presents a new history of financial crises, showing how some led to greater globalization while others kept nations apart\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003e\u003cb\u003e\"[A] fascinating book.\"--Martin Wolf, \u003ci\u003eFinancial Times\u003c\/i\u003e, \"Best Books of 2023--Economics\" \u003c\/b\u003e \u003cp\u003e\u003c\/p\u003e The 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. Examining seven turning points in financial history--from the depression of the 1840s through the Great Depression of the 1930s to the Covid-19 crisis--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. By 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. \u003cp\u003e\u003c\/p\u003e By considering not only the times but also the observers who shaped our understanding of each crisis--from Karl Marx to John Maynard Keynes to Larry Summers--James shows how the uneven course of globalization has led to new economic thinking, and how understanding this history can help us better prepare for the future.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Harold James\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0300263392\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780300263398\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Yale University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 05\/16\/2023\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 376\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.64lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.28h x 6.47w x 1.11d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003ePublishers Weekly\u003c\/i\u003e 04\/10\/2023\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 10\/01\/2023","brand":"Harold James","offers":[{"title":"Hardcover","offer_id":44072608956671,"sku":"9780300263398","price":32.5,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_acb4aeec-b83d-406d-9b04-4b32c4e534c7.jpg?v=1685442993","url":"https:\/\/www.whiterainbookhouse.com\/products\/seven-crashes-harold-james-9780300263398","provider":"WR Book House","version":"1.0","type":"link"}