This book is written by an interdisciplinary team based at the ESRC funded Centre for Research on Socio Cultural change at the University of Manchester. The authors are collectively best known for their pioneering work on financialization including team written books such as J. Froud et al, Financialization and Strategy (2006), I Erturk et al, Financialization at Work (2008) and M. Savage and K. Williams, Elites Remembered (2008). Several of the authors also publish individually within their disciplines with books such as M. Moran, The British Regulatory State (2007) and Business, Politics, and Society (2009).

Ewald Engelen is Professor of Financial Geography at the University of Amsterdam.
Ismail Erturk is Senior Lecturer in Innovation, Management, and Policy at the Manchester Business School
Julie Froud is Professor of Financial Innovation at Manchester Business School
Sukhdev Johal is Reader in Strategy and Business Analysis, Royal Holloway
Adam Leaver is Lecturer in Business Analysis, Manchester Business School
Michael Moran is WJM MacKenzie Professor, the University of Manchester
Adriana Nilsson, Post Doctoral Fellow, Manchester Business School
Karel Williams, Professor of Accounting and Political Economy, Manchester Business School

"Excellent and important. Absolutely essential reading for anyone wanting to understand how Britains financial sector got out of control."--Nicholas Shaxson, author of Treasure Islands

"There have been many books about the financial crisis but very few as original and incisive as this one. This is a book which really ought to be read not only by academics but also by industry representatives and policy makers in order to make sure that the kind of hubris displayed in the early 2000s, born out of a curious mixture of elite miscalculation and misbegotten premises, never again becomes an article of faith."--Nigel Thrift, Vice-Chancellor, University of Warwick

"With the post-crisis financial reform process at an impasse the book looks at the historical causes of the crisis. Its focus on elite power control of central banking and regulation is a refreshing alternative to macro-economic narratives. This is essential and disturbing reading for anybody concerned about the relationship between financial power and democracy."--Paul Mason, Economics Editor, BBC Newsnight

"By taking a sideways swipe at the idea of the period before the financial crisis being the "great moderation" this book provides a convincing narrative for this being the "great complacence" instead. It suggests that this was a period of unprecedented hubris on the part of the political and economic elites, and that the resulting crisis was not an accident, not a disaster, not a catastrophe, nor a fiasco, but a genuine political debacle. The book argues that elites failed to appreciate the financial system as a bricolage of excess, disconnects, anomalies, and contradictions, with the result that this ramshackle assemblage collapsed around them and us with devastating consequences. Angry and compelling, this book demands to be read as a clear-headed alternative account of the run up to this critical period and its aftermath."--Grahame F. Thompson, Copenhagen Business School