{"title":"Herman M Schwartz","description":null,"products":[{"product_id":"states-versus-markets-book-herman-m-schwartz-9780230521285","title":"States Versus Markets","description":"The third edition of this highly regarded textbook on international political economy shows how globalization is not a novel phenomenon but a recurrent process whereby markets have, since the 16th century, periodically redistributed economic activity.    Taking into account the new rise of Asia and the global financial crisis originating in the US housing finance system, this revised and updated edition continues to explore the complex relationship between modern states and markets to show how the 21st century global economy has come to resemble that of the 19th century, in which markets typically drove economic outcomes and generated large scale financial crises.     This is a thought-provoking text which will encourage both upper level undergraduate and postgraduate students to think analytically about the inevitability of a global market influencing state economies and to locate their own thinking within the IPE tradition.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49570554642705,"sku":"GOR006026120","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ GOOD \/ SBYB","offer_id":52979406733585,"sku":"CIN0230521282G","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0230521282.jpg?v=1750738492"},{"product_id":"subprime-nation-book-herman-m-schwartz-9780801475672","title":"Subprime Nation","description":"In his exceedingly timely and innovative look at the ramifications of the collapse of the U.S. housing market, Herman M. Schwartz makes the case that worldwide, U.S. growth and power over the last twenty years has depended in large part on domestic housing markets. Mortgage-based securities attracted a cascade of overseas capital into the U.S. economy. High levels of private home ownership, particularly in the United States and the United Kingdom, have helped pull in a disproportionately large share of world capital flows.   As events since mid-2008 have made clear, mortgage lenders became ever more eager to extend housing loans, for the more mortgage packages they securitized, the higher their profits. As a result, they were dangerously inventive in creating new mortgage products, notably adjustable-rate and subprime mortgages, to attract new, mainly first-time, buyers into the housing market. However, mortgage-based instruments work only when confidence in the mortgage system is maintained. Regulatory failures in the U.S. S\u0026amp;L sector, the accounting crisis that led to the extinction of Arthur Andersen, and the subprime crisis that destroyed Lehman Brothers and Merrill Lynch and damaged many other big financial institutions have jeopardized a significant engine of economic growth.    Schwartz concentrates on the impact of U.S. regulatory failure on the international economy. He argues that the \"local\" problem of the housing crisis carries substantial and ongoing risks for U.S. economic health, the continuing primacy of the U.S. dollar in international financial circles, and U.S. hegemony in the world system.","brand":"WoB","offers":[{"title":"US \/ GOOD \/ SBYB","offer_id":50361033720081,"sku":"CIN0801475678G","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ VERY_GOOD \/ SBYB","offer_id":51331733029137,"sku":"CIN0801475678VG","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0801475678.jpg?v=1758967651"},{"product_id":"introduction-to-special-relativity-rare-book-herman-m-schwartz-1780661483tbe","title":"Introduction to Special Relativity","description":"1968. No Edition Remarks. 458 pages. This is an ex-Library book. Pictorial dust jacket over brown cloth. Library copy, with expected inserts, stamps and inscriptions. Pages are lightly tanned througho","brand":"WoB","offers":[{"title":"GB \/ GOOD \/ INTERNAL","offer_id":53695121457425,"sku":"1780661483TBE","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1780661483TBE_1.jpg?v=1782132809"}],"url":"https:\/\/www.worldofbooks.com\/en-gb\/collections\/author-books-by-herman-m-schwartz.oembed","provider":"World of Books ","version":"1.0","type":"link"}