Abstract
Book reviews: Adam Tooze: Crashed: How a Decade of Financial Crises Changed the World. London: Allen Lane, 2018, 218 pp. Adam Tooze: Shutdown: How Covid Shook the World’s Economy. London: Allen Lane, 2021, 368 pp.
Highlights
Adam Tooze’s history of the financial crisis, published ten years after the triggering events and covering the sequel until the Brexit vote and the beginning of the Trump presidency, has been widely and rightly acclaimed, not least for its effort to place the spectacular economic upheaval in a broader historical and geopolitical context
His book on the interwar years [Tooze 2015] contains strong statements on an enduring American hegemony; I expressed doubts about that view in an earlier issue of this journal [Árnason 2018], but the books reviewed here are much less open to such criticism, and Tooze has emphasized the multipolarity of the contemporary world in interviews and articles; in his most recent book he refers to “centrifugal multipolarity” [S 294]
It is distinctly unfair to describe his opinion on this matter as unstable [Anderson 2019]; more likely, closer engagement with American affairs has led to clearer awareness of internal as well as external limits to American power
Summary
Adam Tooze’s history of the financial crisis, published ten years after the triggering events and covering the sequel until the Brexit vote and the beginning of the Trump presidency, has been widely and rightly acclaimed, not least for its effort to place the spectacular economic upheaval in a broader historical and geopolitical context.
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