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The Financial Crisis

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The Financial Crisis

This teaching topic examines the recent global financial crisis, with specific attention paid to developments in Canada and the United States. Students consider competing explanations for why the crisis happened when it did, and the merits of different policy responses that were proposed at the time of the crisis.

Recommended Reading (Carleton University PADM 5115)

Robert Wade. 2008. The First-world Debt Crisis in Global Perspective, Challenge, July-August, pp. 23-54.

Robin Blackburn. 2011. Crisis 2.0. New Left Review, 72, November-December.

Carmen M. Reinhart and Kenneth S. Rogoff. 2009. This Time is Different: Eight Centuries of Financial Folly. Princeton, Princeton University Press. Preamble, Ch 1 and Ch 13.

John Quiggin. 2011. Financial Markets: Masters or Servants? Politics and Society, Vol. 39, No. 3, pp. 331-346.


David Harvey. 2010. The Enigma of Capital and the Crises of Capitalism, London, Profile Books, Ch. 1

Michael Lewis and David Einhorn. 2009. The End of the Financial World as We Know It, New York Times, January 4, at

Paul Krugman. 2008. What to Do? New York Review of Books, Vol. 55, No. 20, December 18, at

Source: PADM 5115 Syllabus, 2012

Page Created By: Ben Eisen, last edited 3 July, 2013

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© University of Toronto 2008
School of Public Policy and Governance