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Shadow Networks: Financial Disorder and the System that Caused Crisis
The 2007-08 financial crisis surprised many economists and the public. But how did the crisis come about, why was it so deep, and why has the clean-up been so slow and painful?
Many accounts of the crisis focus on renegade activity in marginal financial sectors. Shadow Networks challenges this pervading view and sets out to demonstrate that, far from a dissident branch, the shadow finance that initiated the crisis is tightly networked with, and highly profitable for, bank-based finance. The collapse was not an accident, but baked into the system of finance from the start. Shadow Networks traces the complex web of power that caused crisis and gives vivid descriptions of the actors in the quarter century leading up to 2007 to explain how the now decade-long crisis took shape.
Shadow Networks: Financial Disorder and the System that Caused Crisis is a probing examination of the roles of the powerful elite. It traces the networks and institutions that support a finance-focused, market centered model of economy and society from their ascendancy to their surprising resilience in the face of manifest failures.
Many accounts of the crisis focus on renegade activity in marginal financial sectors. Shadow Networks challenges this pervading view and sets out to demonstrate that, far from a dissident branch, the shadow finance that initiated the crisis is tightly networked with, and highly profitable for, bank-based finance. The collapse was not an accident, but baked into the system of finance from the start. Shadow Networks traces the complex web of power that caused crisis and gives vivid descriptions of the actors in the quarter century leading up to 2007 to explain how the now decade-long crisis took shape.
Shadow Networks: Financial Disorder and the System that Caused Crisis is a probing examination of the roles of the powerful elite. It traces the networks and institutions that support a finance-focused, market centered model of economy and society from their ascendancy to their surprising resilience in the face of manifest failures.
- GenresEconomics
414 pages, Hardcover
Published December 11, 2018
About the author
Francisco Louçã
53 books27 followersFRANCISCO LOUÇÃ nasceu em Lisboa, a 12 de Novembro de 1956. Licenciou-se em Economia, no Instituto Superior de Economia e Gestão da Universidade Técnica de Lisboa (ISEG/UTL), onde ainda fez o mestrado e concluiu o doutoramento e é, actualmente, professor catedrático.
Tem livros e artigos científicos publicados em onze línguas. Publicou recentemente The Years of High Econometrics - A Short History of the Generation that Reinvented Economics (Londres e Nova Iorque, Routledge, 2007), Economia(s), com José Castro Caldas (Porto, Afrontamento, 2009), Robert Solow and the Development of Growth Economics, com outros economistas (Durham, Duke University Press, 2009), Os Donos de Portugal - Cem Anos de Poder Económico, 1910-2010, com Jorge Costa, Cecília Honório, Luís Fazenda e Fernando Rosas (Porto, Afrontamento, 2010).
Foi Coordenador da Comissão Política do Bloco de Esquerda, entre 2005 e 2011, deputado à Assembleia da República entre 1999 e 2012 e candidato à Presidência da República, em 2006, pelo BE, tendo obtido 5% dos votos. É, desde Dezembro de 2015, conselheiro de Estado.
Tem livros e artigos científicos publicados em onze línguas. Publicou recentemente The Years of High Econometrics - A Short History of the Generation that Reinvented Economics (Londres e Nova Iorque, Routledge, 2007), Economia(s), com José Castro Caldas (Porto, Afrontamento, 2009), Robert Solow and the Development of Growth Economics, com outros economistas (Durham, Duke University Press, 2009), Os Donos de Portugal - Cem Anos de Poder Económico, 1910-2010, com Jorge Costa, Cecília Honório, Luís Fazenda e Fernando Rosas (Porto, Afrontamento, 2010).
Foi Coordenador da Comissão Política do Bloco de Esquerda, entre 2005 e 2011, deputado à Assembleia da República entre 1999 e 2012 e candidato à Presidência da República, em 2006, pelo BE, tendo obtido 5% dos votos. É, desde Dezembro de 2015, conselheiro de Estado.
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May 25, 2018
"Se não estás a enganar ninguém, não estás a esforçar-te o suficiente."
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