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Legacy of the Crash : How the Financial Crisis Changed America and Britain - Terrence Casey

Legacy of the Crash

How the Financial Crisis Changed America and Britain

By: Terrence Casey (Editor)

Paperback Published: 2nd September 2011
ISBN: 9780230304598
Number Of Pages: 291

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When the global financial system crashed, governments in America and Britain performed the greatest bailout in history. The legacy is record government debt, low growth and a new era of austerity. A stellar cast of contributors, including Tim Bale, Wyn Grant and Graham Wilson provide a sophisticated account of how the administrations are faring.

Industry Reviews

'The Legacy of the Crash provides timely and expert analysis of the differing political responses in Britain and the United States to the financial crash of 2008. Essential reading for anyone seeking to understand the nature of the crisis and its consequences, which are still unfolding.'

- Andrew Gamble, Professor and Head of Department of Politics, University of Cambridge, UK

'Just how did we get into the mess of the 2008 financial crisis? And what will be the fallout? These are questions to which every politician and policy maker is keen to know the answer. Where better to look than in the two heartlands of the neoliberal economics Britain and the United States at whose door many lay the blame? Terrence Casey and his colleagues set about this vital task, providing an important and insightful comparative analysis of exactly how the politics and economics of the two countries have so far weathered the financial storm.'

- John Curtice, Professor of Politics, University of Strathclyde, UK

'This book provides a wide-ranging description and evaluation of the economic and political causes of and responses to the beginnings of the current crisis.'

- Donley T. Studlar, Eberly Family Professor, Political Science, West Virginia University, USA

'A wonderfully enterprising volume. Casey's collection does superbly what political science should continually do, but hardly ever does: confront urgent contemporary issues in a scholarly and systematic way. This is not the last word on the financial crash, obviously, but it one of the most outstanding to date.'

- Michael Moran, University of Manchester Business School, UK.

List of Tables and Figuresp. ix
Preface and Acknowledgmentsp. x
Notes on Contributorsp. xii
Introduction: The Political Challenges of Hard Timesp. 1
The Causes and Consequences of the Crash
Was there Ever an Anglo-American Model of Capitalism?p. 19
Capitalism, Crisis, and a Zombie Named TINAp. 38
A Tale of Two Cities: Financial Meltdown and the Atlantic Dividep. 60
Fiscal Policy Responses to the Economic Crisis in the UK and the USp. 79
Post-Crash Political Trends
Divided in Victory? The Conservatives and the Republicansp. 101
The Crisis of Capitalism and the Downfall of the Leftp. 122
Third Parties and Political Dynamics in the UK and the USp. 139
Party Polarization and Ideology: Diverging Trends in Britain and the USp. 159
Economics, Partisanship and Elections: Economic Voting in the 2010 UK Parliamentary and US Congressional Electionsp. 179
The Shifting Ground of Public Policy
The Politics and Changing Political Economy of Health Care in the US and the UKp. 201
From 9/11 to 2011: The 'War on Terror' and the Onward March of Executive Power?p. 221
The 'War on Terror' in Court: A Comparative Analysis of Judicial Empowermentp. 242
Conclusion: Anglo-American Politics in the Age of Austerityp. 263
Indexp. 283
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780230304598
ISBN-10: 0230304591
Audience: General
Format: Paperback
Language: English
Number Of Pages: 291
Published: 2nd September 2011
Publisher: Palgrave Macmillan
Country of Publication: US
Dimensions (cm): 21.34 x 13.72  x 1.78
Weight (kg): 0.36
Edition Number: 1

Earn 188 Qantas Points
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