PUMC Family News: McCarty

political-bubbles-cover-art10Congratulations to Nolan McCarty on the publication of his book, “Political Bubbles: Financial Crises and the Failure of American Democracy.” He will lecture on Wednesday, October 9 4:30 p.m. , Bowl 016, Robertson Hall. A public reception and book sale/signing of his book will follow the discussion in the Bernstein Gallery.

From the Princeton University announcement: McCarty’s research interests include U.S. politics, democratic political institutions, and political game theory.  He is the co-author of several books, the most recent of which is “Political Bubbles: Financial Crises and the Failure of American Democracy,” with Howard Rosenthal of New York University and Keith Poole of the University of Georgia.  The book provides a full accounting of how politics produces financial ruptures, demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis.   The authors argues that similar government oversights in the aftermath of the crisis undermined Washington’s response to the “popped” financial bubble, and shows how such patterns have occurred repeatedly throughout US history.”

The McCartys are a PUMC family

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