Thomas Oatley teaches international politics at the University of North Carolina, Chapel Hill. He has published his scholarly work in many of the field's best journals, including International Organization, the American Journal of Political Science, and International Studies Quarterly. Dr Oatley has also written two market-leading textbooks on international political economy, edited a handbook on the political economy of the international monetary system, and written a number of commentaries on contemporary affairs that have been published in outlets such as Foreign Policy and the Washington Post.
Most discussions attribute the 2008 financial crisis to financial complexity and regulatory laxity. According to Thomas Oatley, such explanations are incomplete. Through an examination of America's postwar history, Buildups, Booms, and Busts demonstrates that episodes of major financial instability develop every time the United States engages in a large deficit-financed military buildup.
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