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Impunity And Capitalism
Jackson Trevor
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Description for Impunity And Capitalism
paperback.
Whose fault are financial crises, and who is responsible for stopping them, or repairing the damage? Impunity and Capitalism develops a new approach to the history of capitalism and inequality by using the concept of impunity to show how financial crises stopped being crimes and became natural disasters. Trevor Jackson examines the legal regulation of capital markets in a period of unprecedented expansion in the complexity of finance ranging from the bankruptcy of Europe's richest man in 1709, to the world's first stock market crash in 1720, to the first Latin American debt crisis in 1825. He shows how, after each crisis, popular anger and improvised policy responses resulted in efforts to create a more just financial capitalism but succeeded only in changing who could act with impunity, and how. Henceforth financial crises came to seem normal and legitimate, caused by impersonal international markets, with the costs borne by domestic populations and nobody in particular at fault.
Product Details
Format
Paperback
Publication date
2024
Publisher
Cambridge University Press
Condition
New
Number of Pages
322
Place of Publication
Cambridge, United Kingdom
ISBN
9781009014748
SKU
V9781009014748
Shipping Time
Usually ships in 4 to 8 working days
Ref
99-2
About Jackson Trevor
Trevor Jackson is Assistant Professor of History at George Washington University.
Reviews for Impunity And Capitalism
'Jackson's account is well worth reading because of the power and continuing resonance of his central insight - impunity facilitated capitalism.' Robert Kuttner, The New York Review of Books '[The author] takes on dense and unfathomable sources and debates that few have the temerity to tackle. Unsurprisingly, he has written a complex and sometimes difficult book. It is a measure of his achievement, however, that he has turned difficult material into such a readable account, teeming with biographical studies of colorful characters and the dramas of their age.' Simon Middleton, William and Mary Quarterly