Belfast Telegraph

Saturday 29 August 2015

Queen's scholar links credit crunch to 9/11

Published 28/10/2008

A Queen’s University academic has claimed the seeds of the current global credit crunch lie in the US response to the 9/11 terror attacks.

Dr Andrew Baker made the claims at the launch of a new Politics, Philosophy and Economics degree at Queen’s. The course — the first of its kind in Ireland — will give students a unique insight into how politics, business and commerce overlap and including what has caused the global economic crisis.

Launching the course, Dr Baker said: “While there is no simple, straight-forward explanation for the recent economic downturn, we can trace the roots of the crisis back to the 9/11 terror attacks. After 9/11 American people were encouraged to spend, spend, spend in the spirit of patriotism, to help restart the flailing economy.”

Gerry Mallon, Chief Executive of Northern Bank, said: “The current crisis illustrates just how intertwined political, philosophical and economic issues are. The introduction of this degree at Queen’s could not be more timely.”

A similar degree at Oxford University boasts an impressive list of graduates including former Prime Ministers and Presidents, such as Harold Wilson and Bill Clinton, businessmen like Rupert Murdoch, politicians such as Imran Khan, and journalists including BBC political editor Nick Robinson.

Anyone interested can find out more at the School of Politics, International Studies and Philosophy at Queen’s tomorrow at 1.30pm or visit the School of Politics, International Studies and Philosophy website at

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