Political Economy of American Hegemony - Buildups, Booms, and Busts

This book demonstrates that episodes of major financial instability develop when the United States engages in large deficit-financed military buildup.

List of contents

1. The political economy of imbalance; 2. National security shocks and military buildups; 3. Warfare, welfare, and the size of the American state; 4. Buildups and booms; 5. Deflecting the costs of adjustment; 6. The financial consequences of America's postwar booms; 7. The political economy of American hegemony.

About the author

Thomas Oatley teaches international politics at the University of North Carolina, Chapel Hill. He has published his scholarly work in many of the field's best journals, including International Organization, the American Journal of Political Science, and International Studies Quarterly. Dr Oatley has also written two market-leading textbooks on international political economy, edited a handbook on the political economy of the international monetary system, and written a number of commentaries on contemporary affairs that have been published in outlets such as Foreign Policy and the Washington Post.

Summary

Most discussions attribute the 2008 financial crisis to financial complexity and regulatory laxity. According to Thomas Oatley, such explanations are incomplete. Through an examination of America's postwar history, this book demonstrates that episodes of major financial instability develop every time the United States engages in a large deficit-financed military buildup.

Product details

• Authors: Thomas Oatley, Thomas H. Oatley, Thomas H. (University of North Carolina Oatley
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Hardback
• Released: 23.02.2015
• EAN: 9781107090644
• ISBN: 978-1-107-09064-4
• No. of pages: 209
• Subjects: Social sciences, law, business > Political science > Political science and political education; POLITICAL SCIENCE / Political Economy, POLITICAL SCIENCE / American Government / National, Politics & government, Political Economy, United States of America, USA, Central / national / federal government policies