Allen (economics, Saint Mary's College of California) analyzes financial globalization and instabilities from the 1970s onwards, describing large scale crises in developed countries and in less
developed countries. He has updated the work to take into account the recent global economic crisis and to focus more on the relationship between financial crisis and recession and less on
globalization. Analytically, he seeks to summarize the common patterns of severe economic crisis and common explanations in the literature, and to present new ideas concerning the way key
financial variables are driven by more subjective psychological and social constructs than is commonly understood, as well as the value of evolutionary and complex systems approaches to
economic analysis. Annotation 穢2011 Book News, Inc., Portland, OR (booknews.com)
