The Great Recession and its aftershocks, including the Eurozone banking and debt
crisis, add up to the worst global economic crisis since the Great Depression of
the 1930s. Although economic explanations for the Great Recession have
proliferated, the political causes and consequences of the crisis have received
less systematic attention. Politics in the New Hard Times is the first book to
focus on the Great Recession as a political crisis, one with both political
sources and political consequences.
The authors examine variation in crises over time and across countries, rather
than treating these events as undifferentiated shocks. Chapters also explore how
crisis has forced the redefinition and reinforcement