{"product_id":"9780300263398","title":"Seven Crashes: The Economic Crises That Shaped Globalization","description":"A leading economic historian presents a new history of financial crises, showing how some led to greater globalization while others kept nations apart In this book, leading economic historian Harold James presents a new history of the past two hundred years of globalization and its turning points. Examining seven economic crises that occurred during this time--in the late 1840s, the simultaneous stock market shocks of 1873, the First World War years, the Great Depression era, the 1970s, the Global Financial Crisis of 2007-2008, and most recently the Covid-19 crisis--he shows how some of these ultimately pushed markets in the direction of more cross-border integration of labor, goods, and capital markets while others prompted substantial deglobalization. James identifies two types of crises. Those prompted by shortages--such as the events of the First World War and the oil shocks of the 1970s--have led to greater globalization, as markets expand and producers innovate to increase supply. By contrast, demand-driven crises, such as those that caused the Great Depression and the Global Financial Crisis of 2007-2008, generally lead international trade to contract, resulting in less globalization--along with widespread skepticism of governments that accompanies these incidents. The book also makes its case by examining the key observers whose writings shaped our understanding of each crisis: Karl Marx in 1848; Stanley Jevons, Léon Walras, and Carl Menger in the 1870s; German Treasury Secretary Karl Helfferich in the First World War; John Maynard Keynes in the Great Depression; Milton Friedman and Friedrich Hayek in the 1970s; Ben Bernanke in 2008; and Larry Summers and Raj Chetty in 2020.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cul\u003e\n\u003cli\u003e| \u003cb\u003eAuthor: \u003c\/b\u003eHarold James\u003c\/li\u003e\n\u003cli\u003e| \u003cb\u003ePublisher: \u003c\/b\u003eYale University Press\u003c\/li\u003e\n\u003cli\u003e| \u003cb\u003ePublication Date: \u003c\/b\u003eMay 16, 2023\u003c\/li\u003e\n\u003cli\u003e| \u003cb\u003eNumber of Pages: \u003c\/b\u003e376 pages\u003c\/li\u003e\n\u003cli\u003e| \u003cb\u003eLanguage: \u003c\/b\u003eEnglish\u003c\/li\u003e\n\u003cli\u003e| \u003cb\u003eBinding: \u003c\/b\u003eHardcover\u003c\/li\u003e\n\u003cli\u003e| \u003cb\u003eISBN-10: \u003c\/b\u003e0300263392\u003c\/li\u003e\n\u003cli\u003e| \u003cb\u003eISBN-13: \u003c\/b\u003e9780300263398\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Yale University Press","offers":[{"title":"Default Title","offer_id":47535710994737,"sku":"9780300263398","price":31.58,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0798\/8215\/8385\/products\/9780300263398.jpg?v=1697303609","url":"https:\/\/www.recomparo.com\/products\/9780300263398","provider":"ReComparo.com","version":"1.0","type":"link"}