Google full text of our books:


Political Bubbles:
Financial Crises and the Failure of American Democracy
Nolan McCarty, Keith T. Poole & Howard Rosenthal

Book Description | Table of Contents
Introduction [in PDF format]


"McCarty, Poole, and Rosenthal are the most incisive analysts of America's political economy. In Political Bubbles, their penetrating gaze offers the clearest definitive political economic explanation for the recent financial crisis."--James Robinson, Harvard University and coauthor of Why Nations Fail

"This wise book offers an incisive evaluation of the politics of economic crisis. Persuasively insisting on the need for a new public philosophy, its elegant account at the juncture of political economy and policy analysis artfully connects conceptual argumentation about ideology, interests, and institutions to inventive and illuminating analyses of data."--Ira Katznelson, Columbia University

"This extremely interesting book subtly argues that political bubbles are an important dimension of financial bubbles. Financial bubbles are caused by exuberant expectations and greed, but political bubbles are about how institutions channel ideology and interest into outcomes. The authors make clear how polarization produces gridlock and leads reformers to prefer regulation over legislation--with attendant problems."--James Alt, Harvard University

"This innovative and compelling book demonstrates how financial bubbles and political bubbles go hand in hand, producing periodic meltdowns that deeply affect the lives of ordinary citizens. Synthesizing political science with economics and finance, the book explains not only how the most recent financial crisis relates to previous episodes in American history, but also why responses to the crisis have fallen short of what many had hoped for in terms of fundamental reforms."--Gregory Wawro, Columbia University

Return to Book Description

File created: 4/24/2017

Questions and comments to:
Princeton University Press

New Book E-mails
New In Print
PUP Blog
Princeton APPS
Sample Chapters
Princeton Legacy Library
Exam/Desk Copy
Recent Awards
Princeton Shorts
Freshman Reading
PUP Europe
About Us
Contact Us
PUP Home

Bookmark and Share