Per H. Hansen – författare

The European financial crisis of 1931 was a pivotal moment in the economic and financial history of the twentieth century. Based on extensive archival research and a cultural conceptual framework, There Will be the Devil To Pay offers a new and much needed understanding of the European financial crisis. It tells the dramatic story of the five months that led to the breakdown of the gold standard, writing the history of the crisis from the perspective of central bankers, private bankers, and government officials. It provides a new narrative of how those involved struggled to understand and respond to the crisis as it unfolded. Contributing to the emerging literature on radical uncertainty and narrative economics, this book provides a detailed analysis of how decision-makers confront uncertainty and shape narratives that create actionable knowledge and enable decision-making.

For much of the twentieth century, the prevalence of dictatorial regimes has left business, especially multinational firms, with a series of complex and for the most part unwelcome choices. This volume, which includes essays by noted American and European scholars such as Mira Wilkins, Gerald Feldman, Peter Hayes, and Wilfried Feldenkirchen, sets business activity in its political and social context and describes some of the strategic and tactical responses of firms investing from or into Europe to a myriad of opportunities and risks posed by host or home country authoritarian governments during the interwar period. Although principally a work of history, it puts into perspective some commercial dilemmas with which practitioners and business theorists must still unfortunately grapple.