Tackling the Financial Crisis



Following the onset of the global financial crisis in 2007, there has been an abundance of books and articles purporting to explain its causes and consequences, with some offering tentative remedies. One of the major targets of criticism was the economics profession, which ignored the warnings of impending catastrophe prior to the onset of the crisis. As a result its public esteem suffered, much like that of the bankers and other professional groups implicated in the crisis. The books under review in this article represent a broad cross-section of work undertaken within the disciplinary boundaries of political science. As such, they provide complementary insights that yield deeper understanding of both the origins of the crisis and the nature of the solutions required to prevent a recurrence.

Helleiner, E., Pagliari, S. and Zimmermann, H. (eds) (2010) Global Finance in Crisis: The Politics of International Regulatory Change. London: Routledge.

Ouroussoff, A. (2010) Wall Street at War: The Secret Struggle for the Global Economy. Cambridge: Polity Press.

McDonough, T., Reich, M. and Kotz, D. M. (eds) (2010) Contemporary Capitalism and Its Crises: Social Structure of Accumulation Theory for the 21st Century. Cambridge: Cambridge University Press.

Palan, R., Murphy, R. and Chavagneux, C. (2010) Tax Havens: How Globalization Really Works. Ithaca NY: Cornell University Press.