Research Catalog

Details

Description

1. x, 199 pages; 23 cm

Summary

1. "In A Political Economy of American Hegemony, Thomas Oatley explores how America's military buildups have produced postwar economic booms that have culminated in monetary and financial crises. The 2008 subprime crisis - as well as the housing bubble that produced it - was the most recent manifestation of this buildup, boom, and bust cycle, developing as a consequence of the decision to deficit-finance the wars in Afghanistan and Iraq. Earlier instances of financial crises were generated by deficit-financed buildups in the 1980s and the late 1960s. The buildup, boom, and bust pattern results from the way political institutions and financial power shape America's response to military challenges: political institutions transform increased military spending into budget deficits, and financial power enables the United States to finance these deficits by borrowing cheaply from the rest of the world. Oatley examines how this cycle has had a powerful impact on American and global economic and financial performance"--

Subject

1. Business cycles
2. Globalization > Economic aspects
3. United States > Foreign economic relations
4. 2008 - 2009
5. Military readiness > Economic aspects
6. Business cycles > United States
7. Global Financial Crisis, 2008-2009
8. Military policy
9. United States > Defenses > Economic aspects
10. International economic relations
11. Global Financial Crisis (2008-2009)

Contents

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

Call number

1. JBD 18-113

Bibliography (note)

1. Includes bibliographical references (pages 167-182) and index.

Author

1. Oatley, Thomas H., 1962-

Title

1. A political economy of American hegemony : buildups, booms, and busts / Thomas Oatley University of North Carolina, Chapel Hill.

Publisher

1. Cambridge ; New York, NY : Cambridge University Press, 2015.

Type of content

1. text

Type of medium

1. unmediated

Type of carrier

1. volume

Bibliography

1. Includes bibliographical references (pages 167-182) and index.

Connect to:

1. Cover image

Chronological term

1. 2008 - 2009

LCCN

1. 2014038213

Other standard identifier

1. 40024657095

ISBN

1. 9781107090644 (hardback)
2. 1107090644 (hardback)
3. 9781107462809 (paperback)
4. 1107462800 (paperback)

Research call number

1. JBD 18-113