Hard times : the divisive toll of the economic slump / Tom Clark, with Anthony Heath.

Format:

Book

Author/Creator:

Clark, Tom, 1976- author.

Heath, A. F. (Anthony Francis), author.

Language:

English

Subjects (All):

Recessions--Social aspects.

Recessions.

Global Financial Crisis, 2008-2009--Social aspects.

Global Financial Crisis, 2008-2009.

United States--Economic conditions--2009-.

United States.

United States--Social conditions.

Great Britain--Economic conditions--1997-.

Great Britain.

Great Britain--Social conditions.

Physical Description:

1 online resource (311 pages)

Place of Publication:

New Haven, [Connecticut] ; London, [England] : Yale University Press, 2014.

Summary:

An analysis of the enduring social costs of the post-2008 economic crisis 2008 was a watershed year for global finance. The banking system was eventually pulled back from the brink, but the world was saddled with the worst slump since the 1930s Depression, and millions were left unemployed. While numerous books have addressed the financial crisis, very little has been written about its social consequences. Journalist Tom Clark draws on the research of a transatlantic team led by Professors Anthony Heath and Robert D. Putnam to determine the great recession’s toll on individuals, families, and community bonds in the United States and the United Kingdom. The ubiquitous metaphor of the crisis has been an all-encompassing “financial storm,” but Clark argues that the data tracks the narrow path of a tornado—destroying some neighborhoods while leaving others largely untouched. In our vastly unequal societies, disproportionate suffering is being meted out to the poor—and the book’s new analysis suggests that the scars left by unemployment and poverty will linger long after the economy recovers. Politicians on both sides of the Atlantic have shown more interest in exploiting the divisions of opinion ushered in by the slump than in grappling with these problems. But this hard-hitting analysis provides a wake-up call that all should heed.

Contents:

Frontmatter

Contents

Foreword to the paperback edition: ‘Recovery’ 2015

Authorial note

Introduction

1. Not quite 1933

2. All in it together?

3. Mapping the black stuff

4. Toil and trouble

5. Anxious individuals, unhappy homes

6. The small society

7. The long shadow

8. A tale of two tragedies

9. The veil of complacency

10. Shelter from the storm

Notes

Select bibliography

Acknowledgements

Index

Notes:

Includes bibliographical references and index.

Description based on print version record.

ISBN:

0-300-20377-2

0-300-20616-X

OCLC:

1198930295