Hedley stone of the DU301 course team shares his thoughts on the financial crisis as a 'collective action problem'.

Global response to the financial crisis - Audio

Collective action and financial crisis

What caused the financial crisis of 2007-9 and the recession that followed? How did governments and the international banking system respond? Senior Lecturer William Brown is joined by three course team members to address the key issues that emerged as a result of the financial crisis and what it reveals about shifts in the international system. The album also explores how the principles of game theory could be applied to regulating complex financial problems. This material forms part of The Open University course DU301 A world of whose making?

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Global response to the financial crisis - Audio