{"product_id":"9780300263398","title":"Seven Crashes : The Economic Crises That Shaped Globalization by Harold James","description":"A leading economic historian presents a new history of financial crises, showing how some led to greater globalization while others kept nations apart ?\"[A] fascinating book.\"-Martin Wolf, Financial Times, \"Best Books of 2023-Economics\"  ? 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.    ? 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\u003eBinding: Hardback","brand":"Gardners","offers":[{"title":"Default Title","offer_id":56311681876341,"sku":"9780300263398","price":20.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0612\/7193\/3106\/files\/9780300263398.jpg?v=1762818875","url":"https:\/\/backstory.london\/products\/9780300263398","provider":"Backstory","version":"1.0","type":"link"}