The Great Recession:History, Ideology, Hubris and Nemesis

Michael Siam-Heng Heng
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Michael Siam-Heng Heng: East Asian Institute, National University of Singapore, Singapore

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: Many books on the 2008 financial crisis and the current recession focus on the financial sector. Unlike them, this book takes the real economy as the starting point and it situates the downturn within the societal context over the last several decades. Important elements of the story include global manufacturing overcapacity and declining profitability, failure of advanced industrial economies to make a quantum jump in discoveries and innovations across a broad range of technologies, ascent of neo-liberalism after the fall of the Berlin Wall, the Asian financial crisis, the Japanese “lost decade”, and the dot-com boom. This provides the backdrop of the birth of a market society, deregulation, easy credit, and financial excesses.

Keywords: Financial Crisis; Economic Recession; Global Economy (search for similar items in EconPapers)
Date: 2010
ISBN: 9789814313407
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https://www.worldscientific.com/worldscibooks/10.1142/7801 (text/html)
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Chapters in this book:

Ch 1 Introduction , pp 1-22

Michael Heng Siam-Heng

Ch 2 From Berlin Wall to Wall Street , pp 23-50

Michael Heng Siam-Heng

Ch 3 A Tale of Two Crises , pp 51-76

Michael Heng Siam-Heng

Ch 4 Insights from Japan's “Lost Decade” , pp 77-123

Michael Heng Siam-Heng

Ch 5 Special Features of the 2008 Crisis , pp 125-138

Michael Heng Siam-Heng

Ch 6 Bonfire of Financial Excesses , pp 139-176

Michael Heng Siam-Heng

Ch 7 The Moral Economy , pp 177-202

Michael Heng Siam-Heng

Ch 8 A New Financial Landscape? , pp 203-224

Michael Heng Siam-Heng

Ch 9 Globalization and All That , pp 225-242

Michael Heng Siam-Heng

Ch 10 Don't Waste the Crisis , pp 243-263

Michael Heng Siam-Heng

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