Financial Support-Bargaining and the Anatomy of Four Major Crises

This book takes a detailed look at four major financial crises—the twin crises of the South Sea Bubble in Britain and the Mississippi Bubble in France in 1720; the Great Crash of 1929 and the subsequent Great Depression; and the Global Financial Crisis of 2007-9. It traces the evolution and causes of the crises by reference to a theory of support-bargaining and money-bargaining, set out in earlier...