Discipline in the Global Economy?: International Finance and the End of Liberalism - New Political Economy (Hardback)
  • Discipline in the Global Economy?: International Finance and the End of Liberalism - New Political Economy (Hardback)
zoom

Discipline in the Global Economy?: International Finance and the End of Liberalism - New Political Economy (Hardback)

(author)
£115.00
Hardback 288 Pages / Published: 11/12/2008
  • We can order this

Usually dispatched within 3 weeks

  • This item has been added to your basket

In Discipline in the Global Economy, Jakob Vestergaard investigates the currently prevailing regulation of international finance, launched in response to the financial crises of the 1990's. At the core of this approach is a set of standards of `best practice', ranging from banking supervision to corporate governance. Vestergaard argues that although these standards are presented as `international', they comprise a norm for the `proper' organization and regulation of economies which is intimately related to the Anglo-American model of capitalism. With this approach to the regulation of international finance, previous deregulation policies were replaced by a comprehensive system for the global disciplining of economies. This is a remarkable, if not paradoxical, occurrence in what is allegedly the heyday of neoliberalism and `free market economy'. Moreover, this mode of international financial regulation has proved ineffective, if not counter-productive, in terms of its objective to enhance the stability and resilience of the international financial system. Only by abandoning `laissez-fairy tales' about liberalism may we begin to understand our present predicament- and open a space for critical thinking on modes of international economic governance that are at the same time more conducive to financial stability and more in line with the ethos of liberalism.

Publisher: Taylor & Francis Ltd
ISBN: 9780415990318
Number of pages: 288
Weight: 522 g
Dimensions: 229 x 152 x 20 mm


MEDIA REVIEWS

"It would be difficult to find an analysis that is more critical of the dominance of the Washington Consensus in the construction of the international financial system than is Vestergaard's... (His) analysis of the failure of the IFA leads to a series of prescriptions for the regulation of international finance. Recommended."

D. C. Messerschmidt, Lynchburg College, Choice, September 2009

"A refreshing perspective on international finance that will be of major value to those of us interested in finance and the global development of capitalism."

Andreas Jansson, Vaxjoe University, Sweden.

"This book could scarcely be more pertinent ... Discipline in the Global Economy? is a fascinating and original guide."

Professor Robert Wade, London School of Economics and Politics

"[This book] provides a telling indictment of the way international financial regulation was high-jacked by a particularly virulent form of market fundamentalism which, as we have all come to recognize at our cost, has now proved a disaster."

- Grahame Thompson, Economy & Society

You may also be interested in...

Globalizing Capital
Added to basket
Young Money
Added to basket
£8.99
Paperback
International Finance
Added to basket
The Default Line
Added to basket
£15.99
Hardback
Confessions of an Economic Hit Man
Added to basket
Mad Money
Added to basket
£14.99
Paperback
The Death of Money
Added to basket
Challenging Global Finance
Added to basket
China Shakes The World
Added to basket
The Money Trap
Added to basket
£39.99
Paperback
The Battle of Bretton Woods
Added to basket
Financial Market Analysis
Added to basket
Inside Job
Added to basket
£8.99
Paperback

Reviews

Please sign in to write a review

Your review has been submitted successfully.