In the years leading up to the Crash of 2008, Iceland had been
triumphed in world business media as an economic miracle. Its new
breed of Viking Capitalism had become rock stars of the global
finance driven economy, even while it was testing the foundations
of Europe's financial system. Eirikur Bergmann applies Postcolonial
analysis to explain the paradigmatic case of Iceland's fantastical
boom, bust and rapid recovery after the Crash. His critical
approach to the claims of the financialization advocates relates
the questions of the national economy and globalisation to current
trends in Europe and the World.
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