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Palgrave Insights into Apocalypse Economics

Financing the Apocalypse

Drivers for Economic and Political Instability

Authors: Magnuson, Joel

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    • Expands on the established work of economic historians and integrates these new developments into a holistic, institutional framework
    • Argues that contemporary neoliberalism in the USA from the Greenspan Era to the present has shaped our institutions and ideologies in ways that have had a profound and deleterious effect
    • Raises the concern that these institutional and ideological developments are deepening the crisis conditions of our financial system
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eBook $89.00
price for USA in USD (gross)
  • ISBN 978-3-030-04720-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA in USD
  • ISBN 978-3-030-04719-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

As we tour the 400 year history of capitalism through its various phases of development, financial system instability is always there lurking in the shadows. The historical record attests that the processes of aggregating capital for real investment are inescapably vulnerable to risk, manic speculation, unserviceable debt, and crises; and with each episode of instability, a trail of devastation follows. Economic historians such as Hyman Minsky, Charles Kindleberger and others have studied this history and have exposed certain boom-bust patterns that have a way of stubbornly repeating themselves.

This book posits that the large-scale financial crises that the world has experienced over the last 30 years are more or less the latest segments in this narrative, but with some distinct characteristics. In the period spanning the stock market crash of 1987 to the banking crisis of 2008 and its aftermath – the Greenspan Era – there were key institutional and ideological developments rooted in contemporary neoliberalism that have reshaped the historic rise-and-fall patterns to become more severe and widespread. In this important volume, Magnuson suggests the next episode will be a massive financial cyclone that will send us all tumbling toward a perilous future.

About the authors

Joel Magnuson is an independent economist based in Portland, Oregon. He is the author of many books, as well as numerous articles in journals and anthologies in the United States, Europe, and Japan. His research interests include mindful economics and institutional reform.

Reviews

“Magnuson has long been the proverbial canary in the coal mine urging us to wake up to the various pathologies of a greed-based, corporate-controlled, and growth-addicted modern economy. What he calls, tongue-in-cheek, Financing the Apocalypse, exposes the system’s institutional and ideological drivers. The many flavors of life, and, quite possibly, our planetary future, vanishing behind the stench of greed. A must-read for anyone who cares about human and ecological wellbeing.” (Dirk Philipsen, Associate Research Professor of Economic History, Sanford School of Public Policy, Duke University)

 

Table of contents (13 chapters)

Table of contents (13 chapters)

Buy this book

eBook $89.00
price for USA in USD (gross)
  • ISBN 978-3-030-04720-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA in USD
  • ISBN 978-3-030-04719-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Financing the Apocalypse
Book Subtitle
Drivers for Economic and Political Instability
Authors
Series Title
Palgrave Insights into Apocalypse Economics
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG, part of Springer Nature
eBook ISBN
978-3-030-04720-7
DOI
10.1007/978-3-030-04720-7
Hardcover ISBN
978-3-030-04719-1
Series ISSN
2523-8108
Edition Number
1
Number of Pages
IX, 328
Number of Illustrations
1 b/w illustrations, 11 illustrations in colour
Topics