Format:
1 Online-Ressource (xi, 252 pages)
,
illustrations
Edition:
Also published in print
ISBN:
9781350251052
Series Statement:
Economic controversies
Content:
1. Introduction -- 2. Laboratories of the future -- 3. The Global Plan -- 4. The Global Minotaur -- 5. The Beast's Handmaidens -- 6. Crash -- 7. The Handmaidens Strike Back -- 8. The Minotaur's Global Legacy: The Dimming Sun, the Wounded Tigers, a Flighty Europa and an Anxious Dragon -- 9. A future without the Minotaur?
Content:
The author explodes the myth that financialization, ineffectual regulation of banks, greed and globalization were the root causes of the global economic crisis. Rather, they are symptoms of a much deeper malaise which can be traced all the way back to the Great Crash of 1929, then on through to the 1970s: the time when a 'Global Minotaur' was born. Just as the Athenians maintained a steady flow of tributes to the Cretan beast, so the 'rest of the world' began sending incredible amounts of capital to America and Wall Street. Thus, the Global Minotaur became the 'engine' that pulled the world economy from the early 1980s to 2008. Today's crisis in Europe, the heated debates about austerity versus further fiscal stimuli in the US, the clash between China's authorities and the Obama administration on exchange rates are the inevitable symptoms of the weakening Minotaur; of a global 'system' which is now as unsustainable as it is imbalanced. Going beyond this, the author lays out the options available to us for reintroducing a modicum of reason into a highly irrational global economic order
Note:
Includes bibliographical references (pages 239-241) and index
,
Also published in print.
,
Mode of access: World Wide Web.
,
Barrierefreier Inhalt: Compliant with Level AA of the Web Content Accessibility Guidelines. Content is displayed as HTML full text which can easily be resized or read with assistive technology, with mark-up that allows screen readers and keyboard-only users to navigate easily
Additional Edition:
ISBN 9781783606641
Additional Edition:
ISBN 9781780320151
Additional Edition:
ISBN 9781780320144
Additional Edition:
ISBN 1780320140
Additional Edition:
ISBN 1780320159
Additional Edition:
ISBN 9781780320151
Additional Edition:
Erscheint auch als Druck-Ausgabe
Language:
English
Keywords:
Electronic books
DOI:
10.5040/9781350251052
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