{"product_id":"seven-crashes-the-economic-crises-that-shaped-globalization-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 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\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Yale University Press\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 05\/16\/2023\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780300263398\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 376","brand":"Harold James","offers":[{"title":"Default Title","offer_id":42776195924149,"sku":"9780300263398","price":27.63,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0473\/0804\/6492\/products\/img_d70a61c2-7593-4050-a6c2-ba5aeddfc81f.jpg?v=1679411012","url":"https:\/\/pastforward.org\/products\/seven-crashes-the-economic-crises-that-shaped-globalization-9780300263398","provider":"Past Forward","version":"1.0","type":"link"}