Ahead of her time? Susan Strange and global governance

Susan Strange's analysis of political economy was distinctive in its time. She pioneered the contemporary political analysis of global financial markets, and warned us many years ago of the dangers of “casino capitalism” and “mad money”(Strange 1986, 1998a). In light of both the Asian financial crisis of 1997 and the 2007 OECD blowout, it is clear that she was on to something consequential. She sternly criticized unbridled market power and favoured regulation and social control of markets. Rather than being surprised by panics, crashes, ...