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.
'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.