Thomas Oatley Bücher

This book demonstrates that episodes of major financial instability develop when the United States engages in large deficit-financed military buildup.

Emphasizing both domestic and international politics as well as fundamental economic principles, International Political Economy is the most accessible and holistic overview of the global economy. This text offers students a uniquely engaging introduction to IPE by viewing global economic exchange as a political competition. While surveying key IPE theories, economic principles, institutions, and processes, the text explains how this competition raises social welfare but also creates winners and losers who influence the policies of governments and international institutions and ultimately the global economy.