Schockmomente

Harold James' new book is a history of the modern world economy that connects the major economic and political crises from the mid-19th century to the present. From the famines starting in 1840 to the hyperinflation of 1923, the oil crisis of the 1970s, the financial crisis of 2008/09, and the COVID-19 crisis, James observes how supply shortages and rising prices transform or sweep away political systems and businesses for the better. This leads to mechanisms that shape all these crises and can contribute to overcoming new setbacks in the future.

Thus, a striking portrayal of the relationships between the modern state and economy emerges, along with the evolving concepts of their interdependence. Additionally, the global upheaval observed due to COVID-19 is placed within a much longer history of globalization.