The Creation and Destruction of Value

Harold James examines the vulnerability and fragility of processes of globalization, both historically and in the present. This book applies lessons from past breakdowns of globalization - above all in the Great Depression - to show how financial crises provoke backlashes against global integration: against the mobility of capital or goods, but also against flows of migration. The book shows the looming psychological and material consequences of an interconnected world for people and the institutions they create.