Crashed: How a decade of financial crises changed the world by Adam Tooze

Reviewed by
December 2018, no. 407
Rémy Davison reviews 'Crashed: How a decade of financial crises changed the world' by Adam Tooze

Crashed: How a decade of financial crises changed the world

by Adam Tooze

Allen Lane, $69.99 hb, 720 pp, 9781846140365

Crashed: How a decade of financial crises changed the world by Adam Tooze

Reviewed by
December 2018, no. 407

In 1996 the pre-eminent political economist Susan Strange published her final book, The Retreat of the State. Strange had dedicated most of her career to studying the ability of the state to tame the power of international finance. The nexus between state and firm had empowered the United States for more than a century; Washington reconstructed the world order after 1945, resurrecting its former enemies, Tokyo and Berlin, to be behemoths once again. For Strange, the battle was lost in the late twentieth century: the state, she asserts, was headlong in a ‘strategic retreat’, captured by the tsunami of global capital.

Rémy Davison reviews 'Crashed: How a decade of financial crises changed the world' by Adam Tooze

Crashed: How a decade of financial crises changed the world

by Adam Tooze

Allen Lane, $69.99 hb, 720 pp, 9781846140365

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