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From Malaise to Meltdown: The International Origins of Financial Folly, 1844-
Political Science > General
- University of Toronto Press
- Hardcover
- 9781487506896
- 9.1 X 6 X 0.9 inches
- 1.14 pounds
- Political Science > General
- (Single Author) Asian American
- English
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Book Description
For the past two centuries, the great power sitting atop the international global financial system has enjoyed outsized rewards. As the saying goes, however, all good things come to an end. Providing insights into the evolution of the global political economy, From Malaise to Meltdown identifies the main instigators behind the global financial crises we've seen in the last two hundred years. Michael Lee shows that, in time, power diffuses from the leading economy to others, creating an intensely competitive push for global financial leadership. Hungry for the benefits of global leadership, declining leaders and aspiring challengers alike roll back long-standing regulatory safeguards in an effort to spark growth. Risks to global financial stability mount as a result of this rollback and waves of severe financial crises soon follow. As Lee deftly shows, the Long Depression of 1873-1896, the Great Depression of 1929-1939, and the financial crisis of 2008 are part of the same recurrent pattern: global competition disrupts the longstanding political equilibria, prompting a search for new, risky ideas among the most powerful states. From Malaise to Meltdown presents a sweeping but accessible historical narrative about the coevolution of power, ideas, and domestic politics, supported by archival research into the risky decisions that ushered in the worst financial crises in history.
Author Bio
Professor Michael Lee teaches international relations and international political economy at Hunter College the City University of New York.
Professor Lee graduated with Bachelor's degree from University of Toronto and Ph D from Indiana University.
Research Interests
International Relations
International Political Economy (politics of financial crises, political economy of foreign policy)
International Security (causes of war, geography and war)
Quantitative Research Methodology
Education
Ph.D., Indiana University, 2012
B.A., University of Toronto, 2006
Source: The City University of New York - Hunter College - Department of Political Science
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