Quantity:

More Buying Choices

14 used & new from �10.98

Have one to sell? Sell yours here

See larger image

Share your own customer images

Publisher: learn how customers can search inside this book.

Casino Capitalism (Paperback)

by Susan Strange (Author)

5.0 out of 5 stars See all reviews (1 customer review)

RRP:	�14.99
Price:	�13.74 & this item Delivered FREE in the UK with Super Saver Delivery. See details and conditions
You Save:	�1.25 (8%)
	o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o

In stock but may require up to 2 additional days to deliver.
Dispatched from and sold by Amazon.co.uk. Gift-wrap available.

Only 1 left in stock--order soon (more on the way).

8 new from �10.98 6 used from �14.00

Other Editions:	RRP:	Our Price:	Other Offers:
Hardcover			7 used & new from �63.15
Paperback (Illustrated)			5 used & new from �15.45

Frequently Bought Together

Customers Who Bought This Item Also Bought

Mad Money

by Susan Strange

4.5 out of 5 stars (2) �14.24

The Retreat of the State: The Diffusion of Power in the World Economy (Cambridge Studies in International Relations)

by Susan Strange

5.0 out of 5 stars (1) �19.94

Bananas, Beaches and Bases: Making Feminist Sense of International Politics

by C Enloe

5.0 out of 5 stars (1) �10.72

Great Transformation (n.e. 4.02)

by Karl Polanyi

3.7 out of 5 stars (3) �16.99

Adam Smith in Beijing: Lineages of the 21st Century

by Giovanni Arrighi

4.0 out of 5 stars (2) �10.49

› Explore similar items

Product details

Paperback: 220 pages
Publisher: Manchester University Press; New edition edition (16 Oct 1997)
Language English
ISBN-10: 0719052351
ISBN-13: 978-0719052354
Product Dimensions: 23 x 15.6 x 1.6 cm

Average Customer Review: 5.0 out of 5 stars See all reviews (1 customer review)

Amazon.co.uk Sales Rank: 422,154 in Books (See Bestsellers in Books)

Would you like to update product info or give feedback on images?

See Complete Table of Contents

Customers Viewing This Page May Be Interested in These Sponsored Links

(What is this?)

Capitalism Compared opens new browser window

www.america.gov - A look at principles behind U.S. and European financial systems

Russia: Communism opens new browser window

www.russiatoday.com - Russian History Highlights Basic Facts, Local News.

Losing at Roulette again? opens new browser window

www.Roulette-analysis.org - On-line strategy no downloads, try it now. Reverse the odds

Product Description

This is critical commentary on the weaknesses of the international financial system as they appeared in the 1970s and early 1980s. Written in a clear, accessible style, it challenges conventional ideas on the role of money in world society.

Suggested Tags from Similar Products

(What's this?)

Be the first one to add a relevant tag (keyword that's strongly related to this product)

susan strange

oil shock 1973

international finanial policies

gold exchange standard

dollar exchange rate

What Do Customers Ultimately Buy After Viewing This Item?

	90% buy the item featured on this page: Casino Capitalism 5.0 out of 5 stars (1) �13.74
	10% buy Mad Money 4.5 out of 5 stars (2) �14.24

Explore similar items

Customer Reviews

1 Review

5 star:		(1)
4 star:		(0)
3 star:		(0)
2 star:		(0)
1 star:		(0)

Average Customer Review

5.0 out of 5 stars (1 customer review)

Share your thoughts with other customers:

Create your own review

Most Helpful Customer Reviews

5.0 out of 5 stars An era of non-decisions, 3 Jun 2008

By	Luc REYNAERT (Beernem, Belgium) - See all my reviews (TOP 500 REVIEWER) (REAL NAME)

Susan Strange covers in this book the international economical and financial situation in the 1970s and 1980s.

basis (partially flawed)
For her, `mismanagement of money and credit was more dangerous than protection in trade policy.'
This is only true for the Western World, not for the Third World. Protection (and adding insult to injury, export subsidies) is a matter of life and death for Third World countries (with no adequate social protection system). Massive dumping (nearly for free) of agricultural products provoke there massive unemployment (W. Bello).

an era of non-decisions
In the 1970s and 1980s no country wanted or could take leadership in international financial affairs.
There was a refusal to device a standard process for the provision of credit and the handling of bad international debt, the permissiveness towards Eurodollar lending and the proliferation of speculative instruments (derivatives), the refusal to manage competition for export contracts or to install stable exchange rates.
Susan Strange points her finger at the US: `the US is more aware of the costs and difficulties of taking his responsibilities than of the rewards and benefits.'
The wild swings in currency exchange rates lead to the creation of the Euro, a big challenger of the dollar as world currency.

fall of the gold exchange rate, oil shock (author's analysis is flawed)
As W.Engdahl masterly explains in `A Century of Wars', the US government created the oil shock in order to counter the feared massive devaluation of the dollar after its unilateral repeal of the gold exchange standard.
Making the whole world pay a higher oil price in dollars, constituted a major support for the US currency. Moreover, the dollar surpluses amassed by the OPEC countries were transferred into US bank accounts providing a bulk of new working capital for them.

recommended policies
Susan Strange doesn't agree with the `determinists' that nothing can be done against wild business cycle swings. She is still a Keynesian, but at an international level, because individual governments don't have the clout anymore to impose efficient measures within their own borders in a world dominated by transnational corporations.
She wants a return towards greater stability and order, `at a time when the most secure of jobs are apt suddenly to vanish and still more people are made redundant.'
The trouble is that there is no international leadership, only special- and self-interests.

This analysis of the `no-policies' of the 1970s and 1980s is a must read for all historians and a very worthwhile read for laymen in order to understand the world we live in.

Comment Comment | Permalink | Was this review helpful to you? Yes No (Report this)

Share your thoughts with other customers: Create your own review

› See all customer reviews...

.jsOffDisplayBlock { display: block; } .jsOffDisplayInline { display: inline; } .jsOffVisibility { visibility: visible; } .jsOnDisplayBlock { display: none; } .jsOnDisplayNoneBlock { display: block; } .jsOnDisplayNoneInline { display: inline; } .jsOnDisplayInline { display: none; } .jsOnVisibility { visibility: hidden; } .jqOnDisplayBlock { display: none; } .jqOnDisplayInline { display: none; } .jqOnVisibility { visibility: hidden; } .jqOnDisplayNoneBlock { display: block; } .jqOnDisplayNoneInline { display: inline; }