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Sponsors

The Society of Fellows and Heyman Center for the Humanities

Office of the Divisional Deans in the Faculty of Arts and Sciences

Institute for Social and Economic Research and Policy

European Institute

Department of History

New Books in the Arts & Sciences:
Celebrating Recent Work by Adam Tooze

Crashed: How a Decade of Financial Crises Changed the World
By: Adam Tooze

From a prizewinning economic historian, an eye-opening reinterpretation of the 2008 economic crisis (and its ten-year aftermath) as a global event that directly led to the shockwaves being felt around the world today.

In September 2008 President George Bush could still describe the financial crisis as an incident local to Wall Street. In fact it was a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. In the United States and Europe, it caused a fundamental reconsideration of capitalist democracy, eventually leading to the war in the Ukraine, the chaos of Greece, Brexit, and Trump. 

It was the greatest crisis to have struck Western societies since the end of the Cold War, but was it inevitable? And is it over? Crashed is a dramatic new narrative resting on original themes: the haphazard nature of economic development and the erratic path of debt around the world; the unseen way individual countries and regions are linked together in deeply unequal relationships through financial interdependence, investment, politics, and force; the ways the financial crisis interacted with the spectacular rise of social media, the crisis of middle-class America, the rise of China, and global struggles over fossil fuels. Finally, Tooze asks, given this history, what now are the prospects for a liberal, stable, and coherent world order?

Participants

• Author

  Adam Tooze
  

  Kathryn and Shelby Cullom Davis Professor of History

  Columbia University

• Speaker

  Katharina Pistor
  

  Michael I. Sovern Professor of Law

  Columbia Law School

• Speaker

  Charles F. Sabel
  

  Maurice T. Moore Professor of Law

  Columbia Law School.

• Speaker

  Tano Santos
  

  David L. and Elsie M. Dodd Professor of Finance

  Columbia Business School

• Moderator

  Mark Mazower
  

  Chair

  Heyman Center for the Humanities
  Columbia University