The legacy of the crash : how the financial crisis changed America and Britain / edited by Terrence Casey.

Papers presented at a conference organized by the British Politics Group in September 2010.

Includes bibliographical references and index.

The Political Challenges of Hard Times -- T.Casey PART I: COMPARATIVE RESPONSES TO THE FINANCIAL CRISIS Was there Ever an Anglo-Saxon Model of Capitalism? -- W.Grant Capitalism, Crisis, and a Zombie Named TINA -- T.Casey A Tale of Two Cities: Financial Meltdown and the Atlantic Divide -- D.Coates and K.Dickstein Confronting the Economic Crisis: Fiscal Policy Responses in the United Kingdom and the United States -- E.Ashbee Framing Economic and Fiscal Crisis: National Comparisons, International Markets, and Unpopular Policies in Britain and the US -- A.Howard PART II: PARTIES, POLITICS, AND POLICIES IN AN AGE OF AUSTERITY Divided in Victory: Conservatives and Republicans in the Cameron Era -- T.Bale and R.Kolodny The Strange Death of New Democracy -- G.Wilson The Liberal Democrats and the Tea Party Movement in the 2010 Elections -- A.I.Cyr Party Polarization and Ideology in Britain and the United States: Convergence or Divergence? -- N.C.Rae and J.S.Gil Economics, Partisanship, and Elections: A Comparative Review of Economic-Voting in the 2010 U.K. Parliamentary Elections and U.S. Congressional Elections -- M.Brogan The Politics and Political Economy of Health Care in the United States and the United Kingdom -- A.Wadden The Impact of the 'War on Terror' on Executive-Legislative Relations in the UK and US: A Comparative Analysis -- M.Shephard and J.E.Owens The 'War on Terror' in Court: A Comparative Analysis of Judicial Empowerment -- R.J.Maiman Anglo-American Politics in the Age of Austerity -- T.Casey.

When the global financial system crashed, governments in America and Britain perfomed the greatest bailout in history. The legacy is record government debt, low growth and a new era of austerity. A stellar cast of contributors, including Tim Bale, Wyn Grant and Graham Wilson provide a sophisticated account of how the administrations are faring. September 2008 saw the most spectacular financial crash since the Great Depression of the 1930s. The crisis prompted record-breaking financial bail-outs in America and Britain. The legacy is record government debt and low growth on both sides of the Atlantic, which is profoundly reshaping society on both sides of the Atlantic. The Legacy of the Crash brings together a stellar cast of contributors including Tim Bale, Wyn Grant and Graham Wilson to provide a sophisticated account of how the administrations are faring. They explore the impact of the crisis and assess how political leaders in both countries have responded, whilst also looking at the challenges of governing in the new 'age of austerity'.