Routledge The Dialectics of Liquidity Crisis - Economics Book

Explore a deep analysis of the 2007-08 financial crisis in The Dialectics of Liquidity Crisis. Part of the Routledge Advances in International Political Economy series, this book examines the application of Hyman Minsky's Financial Instability Hypothesis (FIH) to one of the most significant economic events of the modern era. The text moves beyond simple descriptions of market events to seek actual explanations for financial instability. It surveys various theories developed to describe the post-WW2 US financial system and places these theories within their proper historical context. By examining the logic behind these frameworks, the book provides a unique perspective on how instability manifests in global markets. Readers will find a rigorous study that argues for a new way to understand economic collapses. The book suggests that a true explanation of the 2007-08 crisis requires a specific interpretation of the concept of risk. This makes it an essential resource for students, researchers, and professionals interested in international political economy and the mechanics of financial instability.