Political Economy of American Hegemony

In A Political Economy of American Hegemony, Thomas Oatley explores how America''s military buildups have produced postwar economic booms that have culminated in monetary and financial crises. The 2008 subprime crisis - as well as the housing bubble that produced it - was the most recent manifestation of this buildup, boom, and bust cycle, developing as a consequence of the decision to deficit-fin...