Cornell University Press
American Power After the Financial Crisis
Key Metrics
- Jonathan Kirshner
- Cornell University Press
- Hardcover
- 9780801450990
- 9.61 X 5.89 X 0.81 inches
- 0.98 pounds
- History > United States - 21st Century
- English
Secure TransactionBook Description
The global financial crisis of 2007-2008 was both an economic catastrophe and a watershed event in world politics. In American Power after the Financial Crisis, Jonathan Kirshner explains how the crisis altered the international balance of power, affecting the patterns and pulse of world politics. The crisis, Kirshner argues, brought about an end to what he identifies as the second postwar American order because it undermined the legitimacy of the economic ideas that underpinned that order--especially those that encouraged and even insisted upon uninhibited financial deregulation. The crisis also accelerated two existing trends: the relative erosion of the power and political influence of the United States and the increased political influence of other states, most notably, but not exclusively, China.Looking ahead, Kirshner anticipates a New Heterogeneity in thinking about how best to manage domestic and international money and finance. These divergences--such as varying assessments of and reactions to newly visible vulnerabilities in the American economy and changing attitudes about the long-term appeal of the dollar--will offer a bold challenge to the United States and its essentially unchanged disposition toward financial policy and regulation. This New Heterogeneity will contribute to greater discord among nations about how best to manage the global economy. A provocative look at how the 2007-2008 economic collapse diminished U.S. dominance in world politics, American Power after the Financial Crisis suggests that the most significant and lasting impact of the crisis and the Great Recession will be the inability of the United States to enforce its political and economic priorities on an increasingly recalcitrant world.
Author Bio
Jonathan Kirshner is Professor of Political Science and International Studies. His research and teaching interests focus on international relations, political economy (especially macroeconomics and money), and politics and film. His current research includes projects on classical realism, the international political implications of the financial crisis and its aftermath, and the politics of mid-century cinema.
Prior to joining Boston College, Kirshner was the Stephen and Barbara Friedman Professor of International Political Economy in the Department of Government at Cornell University. At Cornell, he also served as director of the Reppy Institute for Peace and Conflict Studies from 2007 to 2015, and was the recipient of the Provost’s Award for Distinguished Scholarship and the Stephen and Margery Russell Distinguished Teaching Award.
Recent books include American Power after the Financial Crisis, and Hollywood’s Last Golden Age: Politics, Society and the Seventies Film in America. His first book, Currency and Coercion, explored how states manipulate international monetary relations to advance security-related goals. Another book, Appeasing Bankers: Financial Caution on the Road to War, illustrated how financial interests (such as banks) and international financial markets can shape and constrain states’ grand strategies and influence decisions about war and peace. Appeasing Bankers won the best book award from the International Security Studies Section of the International Studies Association.
Kirshner was the first World Politics Visiting Fellow at Princeton University’s Institute for International and Regional Studies, and was the director of the Economics and National Security Program at the Olin Institute at Harvard University from 2000-04. With Eric Helleiner, he is the co-editor of the multi-disciplinary book series “Cornell Studies in Money,” as well as the books The Great Wall of Money: Power and Politics in China’s International Monetary Relations and The Future of the Dollar.
Source: Boston College
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