California Studies Association

The latest news, events, and perspectives from the CSA

Richard Walker and Ashok Bardhan on California’s Role in the financial crisis

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CSA board member Richard Walker, of the Department of Geography, UC Berkeley, and Ashok Bardham, of the Fisher Center for Real Estate and Urban Economics and the Haas School of Business at Berkeley, have published a working paper arguing that California was the chief playing field of speculative finance in the great housing bubble that crashed in 2008, laying waste to the state’s economy and finances, and triggering the “Great Recession.”  The paper, “California: Pivot of the Great Recession,” is available for download at the eScholarship site.


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