
The Body Economic is the first agenda-shaping look at the human costs of financial crisis
- the culmination of ten years' work by two pioneering researchers
- Sanjay Basu & David Stuckler. The global financial crisis has had a seismic impact upon the wealth of nations. But we have little sense of how it affects one of the most fundamental issues of all: our physical & mental health. This highly significant new book based on the authors' own groundbreaking research looks at the daily lives of people affected by financial crisis from the Great Depression of the 1930s to post-communist Russia to the US foreclosure crisis of the late 2000s. Why it asks did Sweden experience a fall in suicides during its banking crisis? What triggered a mosquito-borne epidemic in California in 2007? What caused 10 million Russian men to 'disappear' in the 1990s? Why is Greece experiencing rocketing HIV rates? & how did the health of Americans actually improve during the catastrophic crisis of the 1930s? The conclusions it draws are both surprising & compelling: remarkably when faced with similar crises the health of some societies
- like Iceland
- improves while that of others such as Greece deteriorates. Even amid the worst economic disasters negative public health effects are not inevitable: it's how communities respond to challenges of debt & market turmoil that counts. The Body Economic puts forward a radical proposition. Austerity it argues is seriously bad for your health. We can prevent financial crises from becoming epidemics but to do so we must acknowledge what the hard data tells us: that throughout history there is a causal link between the strength of a community's health & its social protection systems. Now & for generations to come our commitment to the building of fairer more equal societies will determine the health of our body economic. A powerful & important contribution to our future. Stuckler & Basu use statistics not to dehumanize people but to bring them to life". (Ha-Joon Chang author of 23 Things They Don't Tell You About Capitalism). " The Body Economic is a bold synthesis of quantitative data historical cases personal narratives & sociological & clinically informed analyses about the effects of investing or failing to invest in public health safety nets. In investigating the causes of adverse health outcomes in populations from the United States to the Soviet Union to Greece Iceland & the UK David Stuckler & Sanjay Basu expose many of the myths & mystifications that prop up the regnant ideologies of fiscal austerity. Stuckler & Basu revive the great progressive tradition of social medicine. Their work is important not just for all those who deliver health care services but also for anyone who might just might one day be a patient". (Paul Farmer M.D. Kolokotrones University Professor Harvard Medical School & Founding Director Partners in Health). David Stuckler is a Senior Research Leader at Oxford University; after completing his Master's in Public Health at Yale University & Ph D at Cambridge University he became a professor in political economy at Harvard University; he also currently holds research posts at London School of Hygiene & Tropical Medicine & Chatham House. He has published over one-hundred peer-reviewed scientific articles in major journals on the subjects of economics & global health & his work has featured on the cover of The New York Times & The Economist as well as on BBC NPR & CNN among others. Sanjay Basu is an Assistant Professor of Medicine & an epidemiologist at Stanford University. He has worked with Oxfam International & is a member of the New York Academy of Sciences. His work has featured in The New York Times & Wall Street Journal & he has written over 80 peer-reviewed articles."