The Paradox of Vulnerability (eBook)

States, Nationalism, and the Financial Crisis

John L. Campbell, John A. Hall (Autoren)

eBook Download: EPUB

2017
208 Seiten
Princeton University Press (Verlag)
978-1-4008-8795-8 (ISBN)

Infos

Why are small and culturally homogeneous nation-states in the advanced capitalist world so prosperous? Examining how Denmark, Ireland, and Switzerland managed the 2008 financial crisis, The Paradox of Vulnerability shows that this is not an accident. John Campbell and John Hall argue that a prolonged sense of vulnerability within both the state and the nation encourages the development of institutions that enable decision makers to act together quickly in order to survive, especially during a crisis.Blending insights from studies of comparative political economy and nationalism and drawing on both extensive interviews and secondary data, Campbell and Hall support their claim by focusing on the three states historically and, more important, in their different responses to the 2008 crisis. The authors also devote attention to the difficulties faced by Greece and Iceland. The implications of their argument are profound. First, they show that there is a positive side to nationalism: social solidarity can enhance national prosperity. Second, because globalization now requires all states to become more adaptable, there are lessons here for other states, large and small. Lastly, the formula for prosperity presented here is under threat: highly homogeneous societies face challenges in dealing with immigration, with some responding in ways that threaten their success.The Paradox of Vulnerability demonstrates how the size and culture of a nation contribute in significant ways to its ability to handle political and economic pressures and challenges.

Autor

John L. Campbell is the Class of 1925 Professor of Sociology at Dartmouth College and professor of political economy at the Copenhagen Business School. John A. Hall is the James McGill Professor of Comparative Historical Sociology at McGill University. They are the coauthors of The World of States.

Produkt-Details

• Reihe/Serie: Princeton Studies in Global and Comparative Sociology
• Reihe/Serie: Princeton Studies in Global and Comparative Sociology
• Zusatzinfo: 3 line illus. 1 table.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Sozialwissenschaften ► Pädagogik
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Politische Theorie
• Themenwelt: Sozialwissenschaften ► Soziologie
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
• Schlagworte: 2008 financial crisis • Anders Fogh Rasmussen • Anglo Irish Bank • Asset Management • Austerity • automatic stabilizer • bailouts • Bank • Banking in Switzerland • Bank Packages • bank run • Banks • bureaucrat • Calligraphy • capital injection • Capitalism • Capital Market • Central Bank • Centre-right politics • civil service • Civil Society • class conflict • Clientelism • competitiveness • consensus-making • Copenhagen Business School • Corporatism • Creditor • Credit Suisse • Crisis Management • cronyism • Currency • Dartmouth College • debt • Decision-Making • Deliberation • Denmark • Deposit account • developed country • Direct Democracy • disaster • Economic Growth • Economic Policy • Economics • economist • economy • Employment • Eurozone • Expertise • Experts • Federalism • Financial Crisis • Financial crisis of 2007–08 • Financial institution • Financial Regulator • Financial Services • Fiscal Policy • Foreign Direct Investment • Government bond • Government Debt • Great Power • Great Recession • Greece • Groupthink • Haircut (finance) • Iceland • Ideology • Immigration • Inflation • Institution • Institutions • Interest Rate • Investment banking • Investor • Ireland • Legislation • Lehman Brothers • Liquidity Crisis • Lutheranism • Marxism • McGill University • monetary policy • mortgage loan • Multinational Corporations • national identity • Nationalism • Nationalization • National Prosperity • national solidarity • Nation-Building • nation state • Nation-States • Negotiation • Neoliberalism • Nordea • Patronage • Pension • pension fund • Policy • Political culture • Political Economy • political machine • Political Party • Politics • Princeton University Press • proportional representation • Real estate appraisal • real estate bubble • Recession • Regulation • Resilience • Shareholder • social partnership • social partnerships • social solidarity • State-Building • Switzerland • Tax • technocrats • thick institutions • thin institutions • Tobias Frere-Jones • Too big to fail • Toxic asset • Troika • Unemployment • Unemployment benefits • Voting • vulnerability • Welfare State
• ISBN-10: 1-4008-8795-X / 140088795X
• ISBN-13: 978-1-4008-8795-8 / 9781400887958