WWS’s Nolan McCarty to Discuss New Book,”Political Bubbles: Financial Crises and the Failure of American Democracy,” October 9
Nolan McCarty, chair of Princeton’s Department of Politics and the Susan Dod Brown Professor of Politics and Public Affairs at the Woodrow Wilson School, and co-author of the book titled, “Political Bubbles: Financial Crises and the Failure of American Democracy,” will present a public lecture at 4:30 p.m. on Wednesday October 9, 2013, in Bowl 016, Robertson Hall. A public reception and book sale/signing of his book will follow the discussion in the Bernstein Gallery.
McCarty’s research interests include U.S. politics, democratic political institutions, and political game theory. He is the co-author of several books, the most recent of which is “Political Bubbles: Financial Crises and the Failure of American Democracy,” with Howard Rosenthal of New York University and Keith Poole of the University of Georgia. The book provides a full accounting of how politics produces financial ruptures, demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis. The authors argues that similar government oversights in the aftermath of the crisis undermined Washington’s response to the “popped” financial bubble, and shows how such patterns have occurred repeatedly throughout US history.