September 2008 saw the most spectacular financial crash since the Great Depression of the 1930s. The crisis prompted record-breaking financial bail-outs in America and Britain. The legacy is record government debt and low growth on both sides of the Atlantic, which is profoundly reshaping society on both sides of the Atlantic. The Legacy of the Crash brings together a stellar cast of contributors including Tim Bale, Wyn Grant and Graham Wilson to provide a sophisticated account of how the administrations are faring. They explore the impact of the crisis and assess how political leaders in both countries have responded, whilst also looking at the challenges of governing in the new 'age of austerity'. 

 

Edward Ashbee: “Fiscal Policy Responses in the United Kingdom and the United States” pp. 79-100 in Terrence Casey(ed): The legacy of the crash- How the Financial Crisis Changed America and Britain . ISBN 9780230304598

Palgrave September 2011.