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On September 24th 2011, Craig Calhoun, new Director of the London School of Economics, gave an open lecture at the HSE International College of Economics and Finance on ‘Social and Political Challenges Facing Global Capitalism’.
This book directly confronts uncomfortable questions that many prefer to brush aside: if economists and other scholars, politicians, and business professionals understand the causes of economic crises, as they claim, then why do such damaging crises continue to occur?
By now almost everyone on the planet has felt to one degree or another the most virulent global economic crisis since the Great Depression. Its largely unanticipated destructive force has humiliated once-mighty financial institutions and companies, humbled economists, devastated investors, scared consumers and challenged public authorities around the world.