The Research Paper is grounded on the ideas and expressed in Roubini and Mihm’s ‘Crisis Economics’.
Length: 20 pages – at least 5,000 words.
Your paper must engage how the themes expressed in Crisis Economics relate to the larger debates on financial globalization. The themes you will emphasize and examine will not only require a persuasive introduction defending your emphasis on a particular theme(s) but research outside the seminar readings to facilitate your thesis.
Please answer the following:
Explain how a variety of actors and processes (both domestic and global) coalescing within the United States facilitated a financial contagion that eventually spread across the globe. Also, are such processes endemic to capitalism to the extent that Marxists rightly predict capitalism’s implosion? Can Austrian (Hayekian) or Keynesian prescriptions help mollify structural deficiencies of capitalism? If yes, chose either Austrian or Keynesian school to support your argument.
To help frame your thesis please consider the following: