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9780566092121

Finance at the Threshold

by
  • ISBN13:

    9780566092121

  • ISBN10:

    0566092123

  • Format: Nonspecific Binding
  • Copyright: 2016-04-15
  • Publisher: Taylor & Francis

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Summary

Amidst the rise of the free market and economic globalization, Martin Cloonan examines why politicians and policymakers in the UK have sought to intervene in popular music a field that has often been held up as the epitome of the free market form. Cloonan traces the development of government attitudes and policies towards popular music from the 1950s to the present, discovering the prominence of two overlapping concerns: public order and the political economy of music. Since the music industry began to lobby politicians, an inherent tension has become apparent with economic rationale on one side and Romantic notions of 'the artist' on the other.

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Excerpts

Why did the banks stop lending to one another, and why at this moment in history? Is the problem merely a matter of over-loose credit due to the relaxation of traditional prudence, or did global finance find itself at its limits, both technically and epistemologically? In Finance at the Threshold, Christopher Houghton Budd views the contemporary crisis from his perspective as an economic and monetary historian. In his contribution to the Transformation and Innovation Series, the author argues that global finance has brought us to the limits of what mechanistic economic explanations can capture. New ideas and above all new instruments are needed.

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