Past Event

Crashed: How a Decade of Financial Crises Changed the World

October 19, 2018
7:00 PM - 8:30 PM
4, rue de Chevreuse, 75006

Adam Tooze, Kathryn and Shelby Cullom Davis Professor of History at Columbia University, will present his book, Crashed: How a Decade of Financial Crises Changed the World. The presentation will be followed by a conversation with Nicolas Delalande (Sciences Po) et Éric Monnet (Banque de France & Paris School of Economics). Conference in English.

About the book

From a prizewinning economic historian, an eye-opening reinterpretation of the 2008 economic crisis (and its ten-year aftermath) as a global event that directly led to the shockwaves being felt around the world today.

In September 2008 President George Bush could still describe the financial crisis as an incident local to Wall Street. In fact it was a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. In the United States and Europe, it caused a fundamental reconsideration of capitalist democracy, eventually leading to the war in the Ukraine, the chaos of Greece, Brexit, and Trump.

It was the greatest crisis to have struck Western societies since the end of the Cold War, but was it inevitable? And is it over? Crashed is a dramatic new narrative resting on original themes: the haphazard nature of economic development and the erratic path of debt around the world; the unseen way individual countries and regions are linked together in deeply unequal relationships through financial interdependence, investment, politics, and force; the ways the financial crisis interacted with the spectacular rise of social media, the crisis of middle-class America, the rise of China, and global struggles over fossil fuels.

Finally, Tooze asks, given this history, what now are the prospects for a liberal, stable, and coherent world order?


Adam Tooze is the author of Wages of Destruction, winner of the Wolfson and Longman History Today Prize. He is the Kathryn and Shelby Cullom Davis Professor of History at Columbia University. He formerly taught at Yale University, where he was Director of International Security Studies, and at the University of Cambridge. He has worked in executive development with several major corporations and contributed to the National Intelligence Council. He has written and reviewed for Foreign Affairs, the Financial Times, The Guardian, the Sunday Telegraph, The Wall Street JournalDie ZeitSueddeutsche ZeitungTageszeitung and Spiegel MagazineNew Left Review, and the London Review of Books.

Nicolas Delalande is Associate Professor at Sciences Po since May 2010. His research focuses on the history of the state and political economy in contemporary times, on the circulation of government knowledge between Europe and United States (1850-1950), and on the history of mobilizations and resistance to the state. In particular, he published in 2011 The Battles of Taxation. Consent and resistance from 1789 to the present day (Seuil).

Eric Monnet has been an economist at the Business Diagnostics Department at the Banque de France since 2013 and a research associate professor at the Paris School of Economics and EHESS. His research focuses on the history of monetary policy, the international monetary system and financial markets in Europe in the 20th century. He is the author of a thesis on French monetary policy from 1945 to 1973 for which he received the thesis prize of the Economic History Association (2013) and the International Economic History Association (2015).