{"title":"Economic and financial crises and disasters Books","description":"","products":[{"product_id":"how-markets-fail-9780141036519","title":"How Markets Fail","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eHow did we get to where we are? John Cassidy shows that the roots of our most recent financial failure lie not with individuals, but with an idea - the idea that markets are inherently rational.  He gives us the big picture behind the financial headlines, tracing the rise and fall of free market ideology from Adam Smith to Milton Friedman and Alan Greenspan. Full of wit, sense and, above all, a deeper understanding, \u003ci\u003eHow Markets Fail \u003c\/i\u003eargues for the end of ''utopian'' economics, and the beginning of a pragmatic, reality-based way of thinking.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eA very good history of economic thought * Economist *\u003cbr\u003e\u003ci\u003eHow Markets Fail\u003c\/i\u003e offers a brilliant intellectual framework . . . fine work * New York Times *\u003cbr\u003eAn essential, grittily intellectual, yet compelling guide to the financial debacle of 2009 * Geordie Greig, Evening Standard *\u003cbr\u003eA powerful argument . . . Cassidy makes a compelling case that a return to hands-off economics would be a disaster * BusinessWeek *\u003cbr\u003eThis book is a well constructed, thoughtful and cogent account of how capitalism evolved to its current form * Telegraph Books of the Year recommendation *\u003cbr\u003eJohn Cassidy ... describe[s] that mix of insight and madness that brought the world's system to its knees * FT, Book of the Year recommendation *\u003cbr\u003eAnyone who enjoys a good read can safely embark on this tour with Cassidy as their guide . . . Like his colleague\u003ci\u003e \u003c\/i\u003eMalcolm Gladwell [at the \u003ci\u003eNew Yorker\u003c\/i\u003e], Cassidy is able to lead us with beguiling lucidity through unfamiliar territory * New Statesman *","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48732402942295,"sku":"9780141036519","price":11.69,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780141036519.jpg?v=1719996727"},{"product_id":"panic-the-story-of-modern-financial-insanity-9780141042312","title":"Panic The Story of Modern Financial Insanity","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eFrom Black Monday to the Asian financial crisis, from the internet bubble to mortgage meltdown, our lives are ruled by crazy cycles of euphoria and hysteria that manage to grip the world but are all-too-soon forgotten. \u003cbr\u003e\u003cbr\u003eIn this unique collection of articles Michael Lewis - ex-trader and bestselling chronicler of greed and frenzy in the markets - casts a sceptical eye back over the most panicked-about panics of recent decades. He tells a story of boom and bust, deranged greed, outsized egos and over-inflated salaries, where the only thing that can ever be predicted is our constant inability to predict anything. \u003cbr\u003e\u003cbr\u003eUsing contemporary accounts from commentators such as Joseph Stiglitz, Jeffrey Sachs and Paul Krugman, plus many of his own best writings, Lewis conveys the mood before each catastrophe, what it was like in the heat of the moment, how, afterwards, we tried to explain away the chaos - and then failed to learn from it before the whole process started all over agai\u003c\/p\u003e","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48732407693655,"sku":"9780141042312","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780141042312.jpg?v=1719996746"},{"product_id":"the-big-short-9780141043531","title":"The Big Short","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eTHE OUTRAGEOUS NO.1 INTERNATIONAL BESTSELLER, NOW AN OSCAR- AND BAFTA-WINNING FILM \u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eFrom the jungles of the trading floor to the casinos of Las Vegas, \u003ci\u003eThe Big Short, \u003c\/i\u003eMichael Lewis''s No.1 bestseller, tells the story of the misfits, renegades and visionaries who saw that the biggest credit bubble of all time was about to burst, bet against the banking system - and made a killing. \u003cbr\u003e\u003cbr\u003e''In the hands of Michael Lewis, anything is possible ... if you want to know how a nation lost its financial mind - and have a good laugh finding out - this is the book to read'' \u003ci\u003eSunday Times \u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e''Magnificent ... a perfect storm of brilliant writer meeting big subject'' \u003ci\u003eGuardian \u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e''A triumph ... riveting ... \u003ci\u003eThe Big Short\u003c\/i\u003e reads like a thriller'' \u003ci\u003eThe Times\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e''A terrifying story, superbly well told'' \u003ci\u003eDaily Telegraph\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e''A rollicking good yarn'' \u003ci\u003eFinancial Times \u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e ''Probably the single best piece of financial jo\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eIt's time to throw another tank of petrol on the Wall Street pyre, as only Lewis can * Financial Times *\u003cbr\u003eHe is so good everyone else may as well pack up * Evening Standard *\u003cbr\u003eNo one writes with more narrative panache about money and finance than Mr. Lewis -- Michiko Kakutani * New York Times *\u003cbr\u003eProbably the single best piece of financial journalism ever written * Reuters *\u003cbr\u003eHugely entertaining * Economist *\u003cbr\u003eTerrifying and superbly told * Daily Telegraph *\u003cbr\u003eGenius * Sunday Times *\u003cbr\u003eCompelling and horrifying -- GQ\u003cbr\u003eA more than worthy successor to Liar's Poker ... if you want to know about the origins of the credit crunch, and the extraordinary cast of misfits, visionaries and chancers who made money from the crash, there's no more readable account * Daily Telegraph *\u003cbr\u003eA triumph ... riveting ... a genuine page-turner * Times *\u003cbr\u003eThe very best book about this whole affair -- John Lanchester, author of 'Whoops!'\u003cbr\u003eIf you read only one book about the causes of the recent financial crisis, let it be Michael Lewis's \u003ci\u003eThe Big Short\u003c\/i\u003e * Washington Post *\u003cbr\u003eIn the hands of Michael Lewis, anything is possible ... if you want to know how a nation lost its financial mind - and have a good laugh finding out - this is the book to read. * The Sunday Times *\u003cbr\u003eMagnificent ... a perfect storm of brilliant writer meeting big subject. * The Guardian *\u003c\/p\u003e","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48732408840535,"sku":"9780141043531","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780141043531.jpg?v=1719996751"},{"product_id":"crisis-economics-9780141045931","title":"Crisis Economics","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eIn this myth-busting book Nouriel Roubini shows that everything we think about economics is wrong. Financial crises are not unpredictable ''black swans'', but an inherent part of capitalism. Only by remaking our financial systems to acknowledge this, can we get out of the mess we''re in. \u003cbr\u003e\u003cbr\u003eWill there be another recession, and if so what shape? When will the next bubble occur? What can we do about it? Here Roubini gives the answers, and lists his commandments for the future.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eSuccinct, lucid and compelling ... essential reading -- Michiko Kakutani * The New York Times *\u003cbr\u003eHis was one of the few voices in the economics profession to have correctly predicted the crisis ... broad, well-argued and easy to digest * Independent *\u003cbr\u003eThis is a wake-up call * Observer *\u003cbr\u003eNouriel Roubini was right -- Paul Krugman * Time *\u003cbr\u003eThe seer who saw it coming * The New York Times *\u003cbr\u003eThe man known as \"Dr Doom\" has been hailed as a prophet * Financial Times *\u003cbr\u003eThe only professional economist who really predicted the crisis, and perhaps the only independent thinker in that business -- Nassim Nicholas Taleb","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48732411101527,"sku":"9780141045931","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780141045931.jpg?v=1719996759"},{"product_id":"whoops-9780141045719","title":"Whoops","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eJohn Lanchester''s \u003ci\u003eWhoops! Why Everyone Owes Everyone and No One Can Pay\u003c\/i\u003e is the unbelievable true story of the economic crisis.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e  We are, to use a technical economic term, screwed. The cowboy capitalists had a party with everyone''s money and now we''re all paying for it. What went wrong? And will we learn our lesson - or just carry on as before, like celebrating surviving a heart attack with a packet of Rothmans?\u003cbr\u003e\u003cbr\u003e  John Lanchester travels with a cast of characters - including reckless banksters, snoozing regulators, complacent politicians, predatory lenders, credit-drunk spendthrifts, and innocent bystanders to understand deeply and genuinely what is happening and why we feel the way we do.\u003cbr\u003e\u003cbr\u003e  ''Devastatingly funny ... the route map to the crazed world of contemporary finance we have all been waiting for''\u003cbr\u003e  Will Self\u003cbr\u003e\u003cbr\u003e  ''Bang on the money'' \u003cbr\u003e  \u003ci\u003eIndependent\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e  ''Explains the crisis in a way that actu\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eThis is what George Bernard Shaw might have called An Intelligent Person's Guide to the Crisis of Modern Capitalism, and everyone ought to read it * Robert Harris, Sunday Times *\u003cbr\u003eOriginal . . . beautifully written . . . both entertaining and profoundly anger-inducing * Chris Blackhurst, Evening Standard *\u003cbr\u003eThe route map to the crazed world of contemporary finance we have all been waiting for. John Lanchester's superb book is everything its subject - the 2008 crash - was not: namely lucid, beautifully contrived, comprehensible to the reader with no specialist knowledge - and most of all devastatingly funny -- Will Self\u003cbr\u003eWickedly funny . . . Good humor and good company will be the things that'll get us through * Dwight Garner, New York Times *\u003cbr\u003eEndlessly witty, but the wit is underpinned by a tremendous, unembarrassed anger and moral lucidity. A superb guide which will turn any reader into an expert within the space of 200 pages. * Jonathan Coe *\u003cbr\u003eExplains the madness of modern capitalism with razor-sharp insight, brilliant clarity and a refreshing dose of humour. A great book. * John O'Farrell *\u003cbr\u003eScarier than Thomas Harris * Nicci French *\u003cbr\u003eJohn Lanchester's newfound mission: to explain the world of finance to the general public . . . The result is the perfect read for anyone still wondering what went wrong and why. Unless you'd rather they didn't know * Bloomberg *\u003cbr\u003eLiterary and profound . . . a master explainer with an excellent grasp of sophisticated finance * Christopher Caldwell, The Daily Beast *\u003cbr\u003eAcidic, frightening, and sharply funny . . . a better book about the global meltdown than any other to date * EW.com *\u003cbr\u003e[A] sober message lurking among Lanchester's delightful wordplay, and it deserves attention by everyone who cares to understand where we are, how we got here and who is responsible * John Lawrence Reynolds, Globe and Mail *\u003cbr\u003eThis is a piece of genius . . . It tells a proper story, like a novel, and we're all part of it - which means it is *gripping*. Yes! Gripping! A book about money! I know! But it's true. It is necessary, particularly - but not exclusively - if you're somebody who thinks, 'Fannie Mae, Freddie Mac, Iceland, um, mortgages, er...' and doesn't want to keep thinking it until the end of time, amoeba-stylee. I humbly posit that it is a masterpiece * India Knight *\u003cbr\u003eLanchester has turned that fascination - coupled with a kind of astonished anger - into a lucid, conversational account of the crisis designed for non-financial types and helpfully leavened with jokes, swearing and interesting asides * Quentin Webb, Reuters *\u003cbr\u003eAn excellent book for anyone wondering what the hell is going on. Triple A, as the credit rating agencies might say * Irish Times *\u003cbr\u003eOr you could simply borrow the book from someone. If they've read it, even better - they won't be expecting you to return it * The Telegraph *\u003cbr\u003eFor anyone still wondering what the hell those bankers did with our money, try John Lanchester's deliciously escoriating \u003ci\u003eWhoops!\u003c\/i\u003e Even someone who can't remember their eight times tables comes away feeling wonderfully well informed -- Allison Pearson * summer reading recommendation, Psychologies *\u003cbr\u003eThis account is by far the most lucid and entertaining explanation of the world banking crisis of 2008 -- Megan Walsh * summer reading recommendation, Times *\u003cbr\u003eA lively lay reader's guide to the financial crisis, written by a novelist who sought to educates himself about banking and its failures. Funny and pointed, it exposes the gulf between the two cultures of modern Britain: financial and non-financial -- Ed Crooks * summer reading recommendation, Financial Times *\u003cbr\u003eIf you want to look like a rock of good sense, a person who is deep and wise and worried, then I suggest \u003ci\u003eWhoops!\u003c\/i\u003e by John Lanchester ... If only the Queen Mother were still alive, it would make sense even to her -- Colm Toibin * summer reading recommendation, Guardian *\u003c\/p\u003e","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48732411199831,"sku":"9780141045719","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780141045719.jpg?v=1719996761"},{"product_id":"the-value-of-everything-9780141980768","title":"The Value of Everything","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eMariana Mazzucato\u003c\/b\u003e is Professor in the Economics of Innovation and Public Value at University College London (UCL), where she is also Founder and Director of the Institute for Innovation and Public Purpose. Her widely published research focuses on the relationship between public policy, innovation, and economic growth and she advises policymakers around the world on how to steer innovation so that it produces growth that is more inclusive and sustainable. She is author of the highly acclaimed book \u003ci\u003eThe Entrepreneurial State: Debunking Public vs. Private Sector Myths\u003c\/i\u003e and co-editor of \u003ci\u003eRethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth\u003c\/i\u003e. She is winner of the 2014 New Statesman SPERI Prize in Political Economy, the 2015 Hans-Matthöfer-Preis and the 2018 Leontief Prize for Advancing the Frontiers of Economic Thought. She was named as one of the 'three most important thinkers about innovation' in New Republic.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eA stimulating analysis of the underlying causes of inequality and growth which forces us to confront long-held beliefs about how economies work and who benefits. ... The book itself adds value by forcing us to confront these points. -- Martin Wolf * Financial Times *\u003cbr\u003eSomeone should make a musical out of this book. That is quite unlikely, I grant you, but not as unlikely as it sounds. In 1893 the Savoy theatre staged Gilbert and Sullivan's penultimate operetta, \u003ci\u003eUtopia, Limited \u003c\/i\u003e... It is time to rework the idea and Mariana Mazzucato is a candidate to write the libretto. -- Philip Collins * The Times *\u003cbr\u003eAs Mariana Mazzucuto's new book, published today, explains, our economy has been financialised and no longer rewards real value creation. -- Chi Onwurah * New Statesman *\u003cbr\u003eMariana Mazzucato ... argues that we urgently need to rethink where wealth comes from to heal a sick system. -- Richard Kilgarriff * Management Today *\u003cbr\u003eMariana Mazzucato offers an exposé of how value extractors and rent-seekers have been masquerading as value creators in the global economy. And, furthermore, how the conventional wisdom has indulged them in this. -- Fran Boait * Prospect *\u003cbr\u003eIn \u003ci\u003eThe Value of Everything\u003c\/i\u003e, published last week, Mazzucato sharpens her focus, not only lauding the role of 'mission-oriented' public investment, but honing her critique of the private sector too. -- Liam Halligan * The Spectator *\u003cbr\u003eSome economists merely interpret the world in various ways; others seek to change it. Mariana Mazzucato is an exemplar of the latter kind. The Italian-American is a restless thinker drawn to transformative, disruptive projects. ... Mazzucato's mission is to overturn the now dominant neoclassical theory of value. In the mid-19th century, she explained, an intellectual revolution occurred: rather than value determining price, price began to determine value. -- George Eaton * New Statesman *\u003cbr\u003e\u003ci\u003eThe Value of Everything \u003c\/i\u003eis receiving accolades on Twitter from finance ministers and student idealists alike, and is clearly set to be essential summer reading for civil servants. -- Delphine Strauss * Financial Times *\u003cbr\u003e\u003cb\u003ePraise for \u003ci\u003eThe Entrepreneurial State\u003c\/i\u003e: \u003c\/b\u003eConventional economics offers abstract models; conventional wisdom insists that the answer lies with private entrepreneurship. In this brilliant book, Mariana Mazzucato...argues that the former is useless and the latter incomplete. -- Martin Wolf * Financial Times *\u003cbr\u003eOne of the most incisive economic books in years. -- Jeffery Madrick * New York Review of Books *","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48732500132183,"sku":"9780141980768","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780141980768.jpg?v=1719997155"},{"product_id":"the-square-and-the-tower-9780141984810","title":"The Square and the Tower","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48732504457559,"sku":"9780141984810","price":15.29,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780141984810.jpg?v=1719997174"},{"product_id":"austerity-9780199389445","title":"Austerity","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eSelected as a Financial Times Best Book of 2013Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing the blame on the state, and the burden on the taxpayer. That burden now takes the form of a global turn to austerity, the policy of reducing domestic wages and prices to restore competitiveness and balance the budget. The problem, according to\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eexcellent... timely... illuminating * Political Studies Review, Liam Stanley *\u003cbr\u003eA must-read * ACEMAXX-ANALYTICS *\u003cbr\u003eOne of the especially good things in Mark Blyth's Austerity: The History of a Dangerous Idea is the way he traces the rise and fall of the idea of 'expansionary austerity', the proposition that cutting spending would actually lead to higher output. As Blyth documents, this idea 'spread like wildfire.' * Paul Krugman, The New York Review of Books *\u003cbr\u003eAn important polemic... valid and compelling. * Lawrence Summers, Financial Times *\u003cbr\u003eMark Blyth has written a clever, well-argued book that we should all read. * The Friend *\u003cbr\u003eEssential reading... The economy is much too important to leave to economists. We need to understand how ideas shape it, and Blyth's new book provides an excellent starting point. * Washington Monthly *\u003cbr\u003eSplendid new book. * Martin Wolf, Financial Times *\u003cbr\u003eAusterity is an economic policy strategy, but is also an ideology and an approach to economic management freighted with politics. In this book Mark Blyth uncovers these successive strata. In doing so he wields his spade in a way that shows no patience for fools and foolishness. * Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science University of California, Berkeley *\u003cbr\u003eOf all the zombie ideas that have been reanimated in the wake of the global financial crisis, austerity is the most dangerous. Mark Blyth shows how austerity created the disasters of the 1930s, and contributed to the descent of the world into global war. He shows how European austerity policies have prevented any recovery from the crisis of 2009, while rescuing and protecting the banks and financial institutions that created the crisis. An essential guide for anyone who wants to understand the current depression. * John Quiggin, author of Zombie Economics *\u003cbr\u003eMost fascinating is the author's discussion of the historical underpinnings of austerity, first formulated by Enlightenment thinkers Locke, Hume and Adam Smith, around the (good) idea of parsimony and the (bad) idea of debt. Ultimately, writes Blyth, austerity is a 'zombie economic idea because it has been disproven time and again, but it just keeps coming. A clear explanation of a complicated, and severely flawed, idea. * Kirkus Reviews *\u003cbr\u003eInformed, passionate. * Dissent Magazine *\u003cbr\u003eMark Blyth's fascinating analysis guides the reader through 'the historical ideology which has classified debt as problematic.' In doing so he outlines the relevance of century-old debates between the advocates and opponents of laissez faire, and explains why, after a brief reemergence in 2008-09, and despite the lack of evidence supporting austerity, the world turned its back on Keynesian policies. * Robert Skidelsky, author of Keynes: The Return of the Master *\u003cbr\u003eAmong all the calamities spawned by the global financial crisis, none was as easily avoidable as the idea that austerity policies were the only way out. In this feisty book, noted political scientist Mark Blyth covers new territory by recounting the intellectual history of this failed idea and how it came to exert a hold on the imagination of economists and politicians. It is an indication of the sorry state of macroeconomics that it takes a political scientist to expose so thoroughly one of the economics profession's most dangerous delusions. * Dani Rodrik, Rafiq Hariri Professor of International Political Economy, The John F. Kennedy School of Government, Harvard University *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface ; Austerity, a Personal History  ; 1 A Primer on Austerity, Debt, and Morality Plays ; Part One Why We All Need to Be Austere ; 2 America: Too Big to Fail? ; Bankers, Bailouts, and Blaming the State ; 3 Europe-Too Big to Bail ; The Politics of Permanent Austerity ; Part Two Austerity's Twin Histories ; Introduction to Chapters 4, 5, and 6 ; Austerity's Intellectual and Natural Histories ; 4 The Intellectual History of a Dangerous Idea, 1692-1942 ; 5 The Intellectual History of a Dangerous Idea, 1942-2012 ; 6 Austerity's Natural History, 1914-2012 ; Part Three Conclusion ; 7 The End of Banking, New Tales, and a Taxing ; Time Ahead ; Notes ; Index","brand":"Oxford University Press Inc","offers":[{"title":"Default Title","offer_id":48732842230103,"sku":"9780199389445","price":16.45,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780199389445.jpg?v=1719998630"},{"product_id":"how-the-financial-crisis-and-great-recession-affected-higher-education-nber-national-bureau-of-economic-research-conference-reports-9780226201832","title":"How the Financial Crisis and Great Recession","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe recent financial crisis had a profound effect on both public and private universities. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior.","brand":"The University of Chicago Press","offers":[{"title":"Default Title","offer_id":48732903276887,"sku":"9780226201832","price":80.75,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780226201832.jpg?v=1719998885"},{"product_id":"house-of-debt-how-they-and-you-caused-the-great-recession-and-how-we-can-prevent-it-from-happening-again-9780226271651","title":"House of Debt  How They and You Caused the Great","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eWhy do severe recessions happen? Could we have prevented the Great Recession and its consequences? And what actions are needed to prevent such crises going forward? This book offers convincing answers to some of the most important questions faced by the economy.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"Distills lessons about the crisis from their recent research into one easily digestible package.\" (Economist) \"The economists Mian and Sufi are our leading experts on the problems created by debt overhang.\" (Paul Krugman, New York Review of Books) \"A concise and powerful account of how the great recession happened and what should be done to avoid another one.\" (Wall Street Journal) \"The most important economics book of the year.\" (Lawrence Summers, Financial Times) \"Mian and Sufi deserve credit of another kind for detalling how ensnared the American Dream is in this tangled web of debt finance-and how exposed the vast majority of us are to the broader economic consequences.\" (Atlantic)","brand":"The University of Chicago Press","offers":[{"title":"Default Title","offer_id":48732903899479,"sku":"9780226271651","price":14.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780226271651.jpg?v=1719998888"},{"product_id":"the-great-crash-1929-penguin-modern-classics-9780241468081","title":"The Great Crash 1929 Penguin Modern Classics","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003e''One of the most engrossing books I have ever read'' \u003ci\u003eDaily Telegraph\u003c\/i\u003e\u003cbr\u003e\u003c\/b\u003e\u003cbr\u003eJohn Kenneth Galbraith''s now-classic account of the 1929 stock market collapse remains the definitive book on the most disastrous cycle of boom and bust in modern times.\u003cbr\u003e\u003cbr\u003eVividly depicting the causes, effects, aftermath and long-term consequences of financial meltdown, Galbraith also describes the people and the corporations who were affected by the catastrophe. With its depiction of the ''gold-rush fantasy'' ingrained in America''s psychology, \u003ci\u003eThe Great Crash 1929\u003c\/i\u003e remains a penetrating study of human greed and folly.\u003c\/p\u003e","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48733131964759,"sku":"9780241468081","price":9.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780241468081.jpg?v=1719999524"},{"product_id":"13-bankers-9780307476609","title":"13 Bankers","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eIn spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60 percent of the country’s gross domestic product, this oligarchy proved it could first hold the global economy hostage and then use its political muscle to fight off meaningful reform. \u003ci\u003e13 Bankers\u003c\/i\u003e brilliantly charts the rise to power of the financial sector and forcefully argues that we must break up the big banks if we want to avoid future financial catastrophes. \u003cbr\u003e \u003cbr\u003eUpdated, with additional analysis of the government’s recent attempt to reform the banking industry, this is a timely and expert account of our troubled political economy.","brand":"Random House USA Inc","offers":[{"title":"Default Title","offer_id":48733524394327,"sku":"9780307476609","price":14.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780307476609.jpg?v=1720000428"},{"product_id":"who-runs-britain-9780340839447","title":"Who Runs Britain","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003e''A compelling portrait of early 21st-century casino capitalism ... essential reading.'' - \u003ci\u003eThe Times \u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cb\u003e\u003cbr\u003eOn 13 September 2007, Robert Peston broke the news that Northern Rock had become a victim of the global credit crunch and was seeking an emergency loan from the Bank of England.\u003c\/b\u003e \u003cbr\u003e\u003cbr\u003eIt was the latest in a long line of scoops by this award-winning journalist. Over the weeks that followed, the Government found itself exposed to the Rock to the tune of 57 billion, or almost 2000 for every taxpayer. As Robert Peston shows in this fascinating book, the seeds for the collapse of Northern Rock and the upheavals in the financial markets were sown years before.\u003cbr\u003e\u003cbr\u003e\u003ci\u003eWho Runs Britain?\u003c\/i\u003e is the first time anyone has drawn all the threads together to weave a story that''s rich in extraordinary characters and outrageous feats of economic bravado. This book is about the widening gap between the super-rich and the rest of us. It explores and explodes the myth\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eA compelling portrait of early 21st century casino capitalism ... essential reading. -- Howard Davies * \u003ci\u003eThe Times\u003c\/i\u003e *\u003cbr\u003eFluent, incredibly up to the minute look at Britain ... Peston, in relaxed, conversational style is a great travelling companion along the highways of finance. * \u003ci\u003eObserver\u003c\/i\u003e *\u003cbr\u003eThis lucid and timely guide to the world of turbo-capitalism ... absorbing book, essential reading for anyone who wants to know how the British economy now operates. -- Peter Wilby * \u003ci\u003eGuardian\u003c\/i\u003e *\u003cbr\u003ePeston catches the zeitgeist of Britain and the paradox that is Gordon Brown. * \u003ci\u003eFinancial Times\u003c\/i\u003e *\u003cbr\u003ePeston is our rock... The triumph of Robert Peston makes me proud of my old paper, the BBC and of journalism in general. -- Sarah Sands * \u003ci\u003eIndependent on Sunday \u003c\/i\u003e *\u003cbr\u003eA devastating account of Blair's producer capture by high finance... Peston navigates with ease the shark-infested waters of hedge funds, sub-prime borrowing, defined-benefit pensions and loans for honours. -- Simon Jenkins * Sunday Times *\u003cbr\u003eThis remains the most riveting book on finance you may ever bother to read. * \u003ci\u003eEvening Standard\u003c\/i\u003e *\u003cbr\u003eEngaging -- Harry Mount * \u003ci\u003eTelegraph\u003c\/i\u003e *\u003cbr\u003ewonderful clarity * \u003ci\u003eSunday Telegraph \u003c\/i\u003e *\u003cbr\u003eStarkly lucid -- Polly Toynbee * \u003ci\u003eGuardian\u003c\/i\u003e *\u003cbr\u003eBook of the year * \u003ci\u003eFinancial Times\u003c\/i\u003e *\u003cbr\u003eI recommend this book -- Nicholas Lezard * \u003ci\u003eGuardian\u003c\/i\u003e *\u003c\/p\u003e","brand":"Hodder \u0026 Stoughton","offers":[{"title":"Default Title","offer_id":48733615882583,"sku":"9780340839447","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780340839447.jpg?v=1720000860"},{"product_id":"the-end-of-alchemy-9780349140674","title":"The End of Alchemy","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003e''A fearless and important book . . . \u003ci\u003eThe End of Alchemy\u003c\/i\u003e isn''t just an elegant guide to the history of economic ideas. It also gives a genuine insider''s account'' \u003ci\u003eTelegraph\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eThe past twenty years saw unprecedented growth and stability followed by the worst financial crisis the industrialised world has ever witnessed.  In the space of little more than a year what had been seen as the age of wisdom was viewed as the age of foolishness. Almost overnight, belief turned into incredulity.  \u003cbr\u003e\u003cbr\u003e  Most accounts of the recent crisis focus on the symptoms and not the underlying causes of what went wrong. But those events, vivid though they remain in our memories, comprised only the latest in a long series of financial crises since our present system of commerce became the cornerstone of modern capitalism. \u003ci\u003eAlchemy\u003c\/i\u003e explains why, ultimately, this was and remains a crisis not of banking - even if we need to reform the banking system - nor of policy-making - even if mistakes were made - but of ideas. \u003cbr\u003e\u003cbr\u003eIn this refreshing and vitally important book, former governor of the Bank of England Mervyn King - an actor in this drama - proposes revolutionary new concepts to answer the central question: are money and banking a form of Alchemy or are they the Achilles heel of a modern capitalist economy?\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eI have read umpteen books about the financial crisis of 2007-2008 and its lessons. This is the cleverest one, brimming over with new ideas. While other \"lords of finance\" publish memoirs, King has produced a brilliant analysis not only of what went wrong in the global financial system, but also of what went wrong in economics itself -- Niall Ferguson\u003cbr\u003eAn outstandingly lucid account of postwar economic policymaking and the dilemmas we now face. [King] is a master of the well-turned phrase, the apposite quote and the pungent boutade. It is rare to encounter a book on economics quite as intellectually exhilarating as \u003ci\u003eThe End of Alchemy\u003c\/i\u003e - a dazzling performance indeed * Financial Times *\u003cbr\u003eMervyn King may well have written the most important book to come out of the financial crisis. From his extraordinary perspective as a brilliant economist who made policy at the highest level, he issues a clarion call for new ideas and new policies, and then delivers. Agree or disagree, King's arguments deserve the attention of everyone from economics students to heads of state -- Lawrence H. Summers\u003cbr\u003eDrawing on years of scholarly study of banking history and his real world experience in fighting financial panic, Mervyn King has set out a new framework for monetary and financial reform. Seemingly simple in concept, it challenges prevailing banking and market practice. \u003ci\u003eThe End of Alchemy\u003c\/i\u003e demands debate and a well-reasoned response -- Paul A. Volcker\u003cbr\u003eMervyn King asks, \"Why has almost every industrialised country found it difficult to overcome the stagnation that followed the financial crisis in 2007-2008, and why did money and banking, the alchemists of a market economy, turn into its Achilles heel?\" He addresses these questions, and much more. For those endeavouring to understand the greatest financial crisis of our time and the future of finance, this highly provocative book is a must read -- Alan Greenspan\u003cbr\u003eA sophisticated and highly approachable study of how modern finance has lost its way. Few individuals are more qualified than Lord Mervyn King to imagine the banking of the future. His book should be required reading -- Henry Kissinger\u003cbr\u003eThe likes of Larry Summers, Paul Krugman, Robert Gordon, John Kay, Richard Koo and Adair Turner all need to read this book because King has something bracing to say about each of their big arguments . . . The depth of King's thinking is impressive, and he makes a powerful case for putting \"radical uncertainty\" at the heart of any formal attempt to model economies . . . an exceptionally thought-provoking book - and might even become a modern landmark once its many fresh ideas have percolated * Independent *\u003cbr\u003eThis book is by turns invigorating, terrifying and occasionally even inspiring. Its analysis is stark, its conclusions bold -- Ed Conway * The Times *\u003cbr\u003eAn exceptionally thought-provoking book and might even become a modern landmark once its many fresh ideas have percolated -- Ben Chu * Independent *\u003cbr\u003eWide ranging, historically informed and elegantly written . . . Like Keynes he is well aware that economics is in the end about people . . . Life is an art, not a science, and this richly rewarding treatise confirms that truth -- David Kynaston * Guardian *\u003cbr\u003eA fearless and important book . . . \u003ci\u003eThe End of Alchemy\u003c\/i\u003e isn't just an elegant guide to the history of economic ideas. It also gives a genuine insider's account * Telegraph *\u003cbr\u003eThis book might just save the world -- Michael Lewis * Bloomberg *\u003cbr\u003eFearlessly honest . . . will be read for decades to come * Telegraph *","brand":"Little, Brown Book Group","offers":[{"title":"Default Title","offer_id":48733656908119,"sku":"9780349140674","price":13.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780349140674.jpg?v=1720001061"},{"product_id":"post-corona-9780552178211","title":"Post Corona","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eTHE \u003ci\u003eNEW YORK TIMES\u003c\/i\u003e BESTSELLER\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eBestselling author of \u003ci\u003eThe Four \u003c\/i\u003eand  NYU  Business School professor delivers an insightful, urgent analysis  of who  stands to win and who''s at risk to lose in a post-pandemic  world.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e''Thought-provoking... As good an analysis as you could wish to read.'' \u003ci\u003eFINANCIAL TIMES\u003c\/i\u003e\u003cbr\u003e\u003c\/b\u003e\u003cb\u003e_______________\u003cbr\u003e\u003c\/b\u003e\u003cbr\u003eThe  Covid-19 outbreak has turned bedrooms into offices, pitted young  against old and widened the gaps between rich and poor, red and blue,  the mask-wearers and the mask-haters. Some businesses, like Amazon and  video conference software maker Zoom, woke up to find themselves crushed  under an avalanche of consumer demand. Others, like the restaurant,  travel, hospitality and live entertainment industries, scrambled to not  become instantly obsolete. But the pandemic has not been a change agent  so much as an accelerant of trends that were already well underway.\u003cbr\u003e\u003cbr\u003eIn \u003ci\u003ePost Corona\u003c\/i\u003e,  Gall\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eEntertaining and informative. * The Economist *\u003cbr\u003eFast, fluent and persuasive. For anyone interested in a clear-eyed overview of what is happening now, and what that might mean in future, this is as good an analysis as you could wish to read. * Financial Times *\u003cbr\u003eFew  are better positioned to illuminate the vagaries of this transformation  than Galloway, a tech entrepreneur, author and professor at New York  University's Stern School. In brisk prose and catchy illustrations, he  vividly demonstrates how the largest technology companies turned the  crisis of the pandemic into the market-share-grabbing opportunity of a  lifetime. * New York Times *\u003cbr\u003eScott is a genius at engaging an audience in an intelligent, thoughtful, sometimes snarky and often humorous manner. * Huff Post *\u003cbr\u003eIf there is a blunter, more opinionated, faster-talking expert on the internet than Scott Galloway, I haven't come across him. Or her. * Fortune *\u003c\/p\u003e","brand":"Transworld Publishers Ltd","offers":[{"title":"Default Title","offer_id":48735193137495,"sku":"9780552178211","price":9.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780552178211.jpg?v=1723810063"},{"product_id":"the-alchemists-inside-the-secret-world-of-central-bankers-9780755362684","title":"The Alchemists Inside the secret world of central","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eWhen the first rumblings of the coming financial crisis were heard in August 2007, three men who were never elected to public office suddenly became the most powerful men in the world. They were the leaders of the world''s three most important central banks: Ben Bernanke of the U.S. Federal Reserve, Mervyn King of the Bank of England, and Jean-Claude Trichet of the European Central Bank. Over the next five years, they and their fellow central bankers deployed trillions of dollars, pounds and euros to try and contain the waves of panic that threatened to bring down the global financial system.\u003cbr\u003e\u003cbr\u003eNeil Irwin''s The Alchemists is both a gripping account of the most intense exercise in economic crisis management we''ve ever seen, and an insightful examination of the role and power of the central bank. It begins in Stockholm, Sweden, in the seventeenth century, where central banking had its rocky birth, and then progresses through a brisk but dazzling tutorial on how the central bank\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eBrilliantly reported and riveting, Neil Irwin's \u003ci\u003eThe Alchemists\u003c\/i\u003e is a must-read for anyone who wants to understand the global reach of the financial crisis through which we are still living. The international perspective brings a fascinating and wholly new dimension to the story, one that has until now not been adequately told. -- Liaquat Ahamed, author of 'Lords of Finance'\u003cbr\u003eBrings events to life without losing sight of the bigger issues * Money Week *\u003cbr\u003e[Mr. Irwin] has provided an accessible, engrossing account of the tribulations that Mr. Bernanke, with Mervyn A. King of the Bank of England and Jean-Claude Trichet of the European Central Bank, endured in pulling the world financial system back from collapse... Mr. Irwin seems to have talked with everyone, read the right scholarly papers and interviewed important dissenters in the Fed, the European Central Bank, the Bank of England and the Bundesbank... He has a nice touch for translating central banking's mysteries, opaque and forbidding, into understandable English. He is astute in describing the internal and external politics of institutions traditionally expected to remain above politics of the usual sort. * New York Times *\u003cbr\u003eA detailed and fast-moving account of these perilous years. This is the crisis as told through emails, phone calls, meetings and one very fateful walk along the beach in Deauville, France. * The Wall Street Journal *\u003c\/p\u003e","brand":"Headline Publishing Group","offers":[{"title":"Default Title","offer_id":48737138966871,"sku":"9780755362684","price":10.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780755362684.jpg?v=1723810996"},{"product_id":"boom-and-bust-9781108421256","title":"Boom and Bust","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eWhy do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e'Where do financial bubbles come from? Can – and should – policy makers always try to stop them? Can investors avoid them? Quinn and Turner take us on an informative, engaging tour of the last three hundred years of bubbles and, using history as their guide, provide intriguing answers.' Richard S. Grossman, author of WRONG: Nine Economic Policy Disasters and What We Can Learn from Them.\u003cbr\u003e'Quinn and Turner argue that the essential elements of capital markets: money, credit and speculation are also the necessary ingredients of financial bubbles. Can we have one without the other?' William Goetzmann, author of Money Changes Everything: How Finance Made Civilization Possible\u003cbr\u003e'Quinn and Turner have made a major contribution to the literature on financial speculation and the bubbles to which they contribute. Not only do they provide an analytical dissection of ten salient episodes over some 300 years, they embed these narratives in an explanatory framework – the 'bubble triangle' – that links the relative marketability of financial assets and the supply of credit to speculative excess. Thus, Boom and Bust shows how to mine history for meaning, with lessons relevant today for investors and policy-makers alike.' Bill Janeway, author of Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State\u003cbr\u003e'For anyone interested in financial history, Boom and Bust is essential reading.' John Plender, Financial Times\u003cbr\u003e'An action-packed romp through ten of the biggest bubbles and busts of the past three centuries … Some (most) finance books are arid and hard-going; this one I couldn't put down.' Alistair Haimes, The Critic\u003cbr\u003e'A lovely book. It describes and draws lessons from ten financial manias, from the South Sea Bubble to 'Casino Capitalism with Chinese Characteristics'. It also explains bubbles with what the authors call 'the bubble triangle'. Its three sides consists of oxygen, which is the 'marketability' of assets, fuel, which is 'money and credit' and heat, which is 'speculation'. This combination recurs repeatedly and so do bubbles. Just like fires, financial manias and crashes are destructive, but they can also be useful, by clearing out dead wood.' Martin Wolf, Financial Times, Best Books of 2020\u003cbr\u003e'A readable and impressively researched title to be enjoyed by the generalist or specialist.' Niall McGarrigle, Irish Times\u003cbr\u003e'Written with exquisite concision and packing a wealth of detail and citation into each chapter, Boom and Bust is an instant classic.' Rebecca L. Spang, Times Literary Supplement\u003cbr\u003e'This wonderful book is interesting, informative, and insightful … Highly recommended.' R. M. Whaples, Choice\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eList of figures; List of tables; 1. The bubble triangle; 2. 1720 and the invention of the bubble; 3. Marketability revived: the first emerging market bubble; 4. Democratising speculation: the great railway mania; 5. Other people's money: the Australian land boom; 6. Wheeler-dealers: the British bicycle mania; 7. The roaring twenties and the Wall Street Crash; 8. Blowing bubbles for political purposes: Japan in the 1980s; 9. The dot-com bubble; 10. 'No more boom and bust': the subprime bubble; 11. Casino capitalism with Chinese characteristics; 12. Predicting bubbles; Acknowledgements; Endnotes; Bibliography; Index.","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":48738280243543,"sku":"9781108421256","price":32.25,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781108421256.jpg?v=1723811885"},{"product_id":"boom-and-bust-9781108431651","title":"Boom and Bust","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eWhy do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e'Where do financial bubbles come from? Can – and should – policy makers always try to stop them? Can investors avoid them? Quinn and Turner take us on an informative, engaging tour of the last three hundred years of bubbles and, using history as their guide, provide intriguing answers.' Richard S. Grossman, author of WRONG: Nine Economic Policy Disasters and What We Can Learn from Them.\u003cbr\u003e'Quinn and Turner argue that the essential elements of capital markets: money, credit and speculation are also the necessary ingredients of financial bubbles. Can we have one without the other?' William Goetzmann, author of Money Changes Everything: How Finance Made Civilization Possible\u003cbr\u003e'Quinn and Turner have made a major contribution to the literature on financial speculation and the bubbles to which they contribute. Not only do they provide an analytical dissection of ten salient episodes over some 300 years, they embed these narratives in an explanatory framework – the 'bubble triangle' – that links the relative marketability of financial assets and the supply of credit to speculative excess. Thus, Boom and Bust shows how to mine history for meaning, with lessons relevant today for investors and policy-makers alike.' Bill Janeway, author of Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State\u003cbr\u003e'For anyone interested in financial history, Boom and Bust is essential reading.' John Plender, Financial Times\u003cbr\u003e'An action-packed romp through ten of the biggest bubbles and busts of the past three centuries … Some (most) finance books are arid and hard-going; this one I couldn't put down.' Alistair Haimes, The Critic\u003cbr\u003e'A lovely book. It describes and draws lessons from ten financial manias, from the South Sea Bubble to 'Casino Capitalism with Chinese Characteristics'. It also explains bubbles with what the authors call 'the bubble triangle'. Its three sides consists of oxygen, which is the 'marketability' of assets, fuel, which is 'money and credit' and heat, which is 'speculation'. This combination recurs repeatedly and so do bubbles. Just like fires, financial manias and crashes are destructive, but they can also be useful, by clearing out dead wood.' Martin Wolf, Financial Times, Best Books of 2020\u003cbr\u003e'A readable and impressively researched title to be enjoyed by the generalist or specialist.' Niall McGarrigle, Irish Times\u003cbr\u003e'Written with exquisite concision and packing a wealth of detail and citation into each chapter, Boom and Bust is an instant classic.' Rebecca L. Spang, Times Literary Supplement\u003cbr\u003e'This wonderful book is interesting, informative, and insightful … Highly recommended.' R. M. Whaples, Choice\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eList of figures; List of tables; 1. The bubble triangle; 2. 1720 and the invention of the bubble; 3. Marketability revived: the first emerging market bubble; 4. Democratising speculation: the great railway mania; 5. Other people's money: the Australian land boom; 6. Wheeler-dealers: the British bicycle mania; 7. The roaring twenties and the Wall Street Crash; 8. Blowing bubbles for political purposes: Japan in the 1980s; 9. The dot-com bubble; 10. 'No more boom and bust': the subprime bubble; 11. Casino capitalism with Chinese characteristics; 12. Predicting bubbles; Acknowledgements; Endnotes; Bibliography; Index.","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":48738289844567,"sku":"9781108431651","price":14.24,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781108431651.jpg?v=1723811893"},{"product_id":"the-shifts-and-the-shocks-9780718197964","title":"The Shifts and the Shocks","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eIn \u003ci\u003eThe Shifts and the Shocks\u003c\/i\u003e, Martin Wolf - one of the world''s most influential economic commentators and author of \u003ci\u003eWhy Globalization Works\u003c\/i\u003e - presents his controversial and highly original analysis of the economic course of the last seven years\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eThere have been many books that have sought to explain the causes and courses of the financial and economic crisis which began in 2007-8. \u003ci\u003eThe Shifts and the Shocks\u003c\/i\u003e is not another detailed history of the crisis, but the most persuasive and complete account yet published of what the crisis should teach us us about modern economies and economics.\u003cbr\u003e\u003cbr\u003eThe book identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global  imbalances and our dangerously fragile financial system. In the eurozone, these sources of instability were multiplied by the tragically defective architecture of the monetary union. It also shows how much of the orthodoxy that shaped mone\u003c\/p\u003e","brand":"Penguin Books Ltd","offers":[{"title":"Default Title","offer_id":48738422554967,"sku":"9780718197964","price":11.69,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780718197964.jpg?v=1720048175"},{"product_id":"chinas-great-wall-of-debt-9781408710340","title":"Chinas Great Wall of Debt","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003e''One of the clearest and most thorough statements of an argument often made about the country: that its government has relied on constant stimulus to keep growth strong, an addiction that is bound to backfire. Second, he comes closer than any previous writer to covering the Chinese economy as Michael Lewis, the hugely popular author of \u003ci\u003eThe Big Short\u003c\/i\u003e, might do. His analysis is informed but accessible, animated by anecdotes and characters, some colourful, some verging on tragic . . . McMahon is among the most compelling of the many analysts who conclude that China''s economic miracle will end painfully'' \u003ci\u003eThe Economist\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eThe world has long considered China a juggernaut of economic strength, but since the global financial crisis, the country''s economy has ballooned in size, complexity, and risk. Once dominated by four state-owned banks, the nation''s financial system is a tangle of shadow banking entities, informal financial institutions, and complex corporat\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eOne of the clearest and most thorough statements of an argument often made about the country: that its government has relied on constant stimulus to keep growth strong, an addiction that is bound to backfire. Second, he comes closer than any previous writer to covering the Chinese economy as Michael Lewis, the hugely popular\u003cbr\u003eauthor of \u003ci\u003eThe Big Short\u003c\/i\u003e, might do. His analysis is informed but accessible, animated by anecdotes and characters, some colourful, some verging on tragic . . . McMahon is among the most compelling of the many analysts who conclude that China's economic miracle will end painfully\u003c\/p\u003e * The Economist *\u003cbr\u003eAn engaging economy lesson: human stories are at the heart of every chapter and he draws on his contacts to bring this well-researched analysis to life * Belfast Telegraph *\u003cbr\u003eMcMahon tracks how the former juggernaut of growth allowed its economy to become mired in debt, and the dangers this poses for the rest of the world * Sunday Times *","brand":"Little, Brown Book Group","offers":[{"title":"Default Title","offer_id":48739041083735,"sku":"9781408710340","price":9.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781408710340.jpg?v=1720050977"},{"product_id":"how-do-we-fix-this-mess-the-economic-price-of-having-it-all-and-the-route-to-lasting-prosperity-9781444757125","title":"How Do We Fix This Mess The Economic Price of","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003e''Robert Peston''s compelling account of global financial meltdown is a must-read.'' \u003ci\u003eObserver\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cb\u003e\u003cbr\u003eWhat can we learn from the 2008 recession? 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The financial crash of 2007\/8 and the subsequent economic slump in much of the west was the moment when we realised we had b\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eRobert Peston's compelling account of global financial meltdown is a must-read... His discursive, conversational but entrancingly fact-studded trip around the disaster zone ought to be mandatory reading for anyone who wants to have a voice in where we go from here. * \u003ci\u003eObserver\u003c\/i\u003e *\u003cbr\u003eHOW DO WE FIX THIS MESS? is the book of the film and more... brought to life by war stories from the BBC, simple analogies and colourful language... he does know how to elucidate apparently impenetrable issues, and he guides us intelligently and entertainingly... readable and thought-provoking. * \u003ci\u003eFinancial Times\u003c\/i\u003e *\u003cbr\u003eRobert Peston is not so much a journalist as a phenomenon... And now he has managed to fit in a book... that displays his gargantuan appetite for facts, numbers and economic and financial history... Peston's range is dazzling.... Peston is a BBC treasure - one of the journalists who justify the licence fee.  If, every few years, he needs to breathe out and write a long book, we should encourage it. As they used to say in the pre-Twitter age, he knows his stuff. * \u003ci\u003eNew Statesman\u003c\/i\u003e *\u003cbr\u003e'compelling reading'. -- Chris Mullin * The Observer *\u003cbr\u003eReads like a wildly implausible financial thriller. * \u003ci\u003eIndependent\u003c\/i\u003e *\u003cbr\u003eLucid explanations... stark analysis of what the financial meltdown means for us... Peston's book is actually scarier than most descriptions I've read of the crisis. It goes way beyond Wall Street and City greed in its scope. * \u003ci\u003eEvening Standard\u003c\/i\u003e *\u003cbr\u003eHe is good on the follies of the bankers... He is also good on the detail. Anybody who wants to know what a collateralised debt obligation or a credit default swap is will find it here. * \u003ci\u003eSunday Times\u003c\/i\u003e *\u003cbr\u003eEssential reading... an excellent expose of the financial crisis. * \u003ci\u003eSunday Telegraph\u003c\/i\u003e *\u003cbr\u003eBrilliant. I now understand everything. * Giles Coren *\u003cbr\u003eRobert Peston was the voice of the financial crisis, just as Terry Wogan will forever be the voice of the Eurovision Song Contest. Vocal tics and all, he's now an official national treasure. * \u003ci\u003eSpectator\u003c\/i\u003e *\u003cbr\u003eMr Peston, an award-winning print journalist before he became the Business Editor of the BBC, has many strengths. Chief among these are his sources and a terrier-like determination to get the story. Mr Peston passionately articulates why everyone should be frustrated with the banking sector--and financial globalisation more generally. For a tale of how the British banks blew up, readers will find juicy details. * \u003ci\u003eEconomist\u003c\/i\u003e *\u003cbr\u003eRobert Peston's great book on the world financial crash... 400 information-packed pages... If Mr Peston has a lesson for us, it is that until we fix the banking system, we will have achieved nothing. * \u003ci\u003eIrish Independent\u003c\/i\u003e *\u003cbr\u003e'The author charts the past 20 years of steady economic growth and consequent bust, lucidly explaining the shortcomings of the banking system and the effects of globalisation, before returning to the present state of the UK, all invitingly.' * Sunday Telegraph *\u003cbr\u003ePraise for WHO RUNS BRITAIN? * . *\u003cbr\u003eA compelling portrait of early 21st century casino capitalism...essential reading. * Howard Davies \u003ci\u003eThe Times\u003c\/i\u003e *\u003cbr\u003eThis lucid and timely guide to the world of turbo-capitalism...absorbing book, essential reading for anyone who wants to know how the British economy now operates. * Peter Wilby, \u003ci\u003eGuardian\u003c\/i\u003e *\u003cbr\u003eA devastating account of Blair's producer capture by high finance...Peston navigates with ease the shark-infested waters of hedge funds, sub-prime borrowing, defined-benefit pensions and loans for honours. * Simon Jenkins, \u003ci\u003eThe Sunday Times\u003ci\u003e\u003c\/i\u003e *\u003cbr\u003eFluent, incredibly up to the minute look at Britain...Peston, in relaxed, conversational; style is a great travelling companion along the highways of finance. * \u003ci\u003eObserver\u003ci\u003e\u003c\/i\u003e *\u003cbr\u003estarkly lucid...Reading Peston's book, you can only be flabbergasted all over again at how Labour kowtowed to wealth, glorified the City and put the nations economic eggs into one dangerous basket of fizzy finance. * Polly Toynbee \u003ci\u003eGuardian\u003ci\u003e\u003c\/i\u003e *\u003cbr\u003e'Peston catches the zeitgeist of Britain and the paradox that is Gordon Brown' * \u003ci\u003eFinancial Times\u003c\/i\u003e *\u003cbr\u003e'engaging' * Harry Mount \u003ci\u003eTelegraph\u003c\/i\u003e *\u003cbr\u003eRobert Peston is very lucid on some of the biggest issues of the day. I thoroughly recommend it. * \u003ci\u003eScotland on Sunday\u003c\/i\u003e *\u003cbr\u003eWe are unfortunately still in the middle of this crisis. 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I was hooked from page one' Lauren Weisberger, author of \u003c\/b\u003e\u003ci\u003e\u003cb\u003eThe Devil Wears Prada\u003c\/b\u003e\u003c\/i\u003e\u003cbr\u003e\u003cb\u003e\u003cbr\u003eFrom the author of \u003ci\u003eThe Banker's Wife\u003c\/i\u003e and \u003ci\u003eGirls Like Us\u003c\/i\u003e comes an explosive drama about family, greed and high society scandal.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eThe Darlings of New York are untouchable. But no one is safe from a scandal this big.\u003cbr\u003e\u003cbr\u003eWhen Carter Darling's business partner commits suicide, it triggers a huge financial investigation. \u003cbr\u003e\u003cbr\u003eThe allegations are serious. The danger of it exposing their private lives is equally threatening.  \u003cbr\u003e\u003cbr\u003eIn times of crisis, the Darlings have always stuck together. 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A page-turner' \u003ci\u003eGood Housekeeping\u003c\/i\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eTwo parts \u003cb\u003e\u003ci\u003eToo Big to Fail\u003c\/i\u003e, one part \u003ci\u003eThe Devil Wears Prada\u003c\/i\u003e\u003c\/b\u003e, Alger's debut is \u003cb\u003etaut and compelling\u003c\/b\u003e. * Publishers Weekly *\u003cbr\u003eFits somewhere between the novels of Dominick Dunne . . . and Tom Wolfe's \u003ci\u003e\u003cb\u003eThe Bonfire of the Vanities\u003c\/b\u003e\u003c\/i\u003e * Library Journal *\u003cbr\u003eFor those who have only gazed up at the palatial residences of Manhattan, t\u003cb\u003ehis is a glimpse from the penthouse down\u003c\/b\u003e -- Tom Rachman, New York Times bestselling author\u003cbr\u003e\u003cb\u003eCristina Alger is so good\u003c\/b\u003e, you just know she's an inside trader - as intimately familiar with the inner workings of Wall Street investment banks as she is with haute Manhattan social life. She's also \u003cb\u003ea gifted storyteller\u003c\/b\u003e. \u003ci\u003eThe Darlings\u003c\/i\u003e is an \u003cb\u003eutterly compelling\u003c\/b\u003e novel, as knowing about family as it is about money and social status -- Jay McInerney, New York Times bestselling author","brand":"Hodder \u0026 Stoughton","offers":[{"title":"Default Title","offer_id":48740208116055,"sku":"9781529351767","price":9.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781529351767.jpg?v=1720054137"},{"product_id":"the-finance-curse-how-global-finance-is-making-us-all-poorer-9781784705046","title":"The Finance Curse: How global finance is making","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eThis is a book that none of us can afford to ignore – an agenda-setting, campaigning investigation that shows how global finance works for the few and not the many.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e** A \u003ci\u003eFinancial Times\u003c\/i\u003e Book of the Year **\u003c\/b\u003e\u003cbr\u003e\u003cb\u003e‘Essential reading’ YANIS VAROUFAKIS\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eWe need finance – but when finance grows too big it becomes a curse.\u003cbr\u003e\u003cbr\u003eThe City of London is the single biggest drain on our resources, sucking talent out of every sphere, siphoning wealth and hoovering up government time. 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Moving from offshore tax havens to the bizarre industry of wealth management, he tells the explosive story of how finance established a stranglehold on society – and reveals how we can begin to break free.\u003cbr\u003e\u003cbr\u003e‘A radical, urgent and important manifesto for improving our country’\u003cbr\u003e Oliver Bullough, \u003ci\u003eObserver\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e‘Superbly written… A must-read’\u003cbr\u003e Misha Glenny, author of \u003ci\u003eMcMafia\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e‘Hard-hitting, well written and informative’\u003cbr\u003e \u003ci\u003eFinancial Times\u003c\/i\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eUtterly convincing… \u003ci\u003eThe Finance Curse \u003c\/i\u003eis a radical and important manifesto for improving Britain\u003c\/b\u003e -- Oliver Bullough, author of MONEYLAND\u003cbr\u003eThis is a\u003cb\u003e splendid polemic\u003c\/b\u003e against modern finance, in general, and the City of London, in particular. It is \u003cb\u003ehard-hitting, well written and informative\u003c\/b\u003e. Instead of enabling productive investment, the predominant activity of contemporary finance is rent extraction. This comes in many different guises: modern finance does not only promote tax avoidance and evasion, but, argues Shaxson, enables gangsterism and corruption on an enormous scale. I fear he is right. -- Martin Wolf * Financial Times *\u003cbr\u003e\u003cb\u003eThis superbly written book shows definitively how global finance has been grossly mis-sold to us all. It’s a must-read for anyone who lives, works and spends in this country\u003c\/b\u003e -- MISHA GLENNY, author of McMafia\u003cbr\u003e\u003cb\u003eGripping\u003c\/b\u003e . . . a \u003cb\u003esuperbly written\u003c\/b\u003e overview * Times Literary Supplement *\u003cbr\u003e\u003cb\u003eSearing\u003c\/b\u003e… Shaxson has form on being \u003cb\u003eprescient\u003c\/b\u003e ... his ideas should not be dismissed lightly -- Caroline Binham * Financial Times *","brand":"Vintage Publishing","offers":[{"title":"Default Title","offer_id":48741247320407,"sku":"9781784705046","price":9.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781784705046.jpg?v=1720057012"},{"product_id":"talking-to-my-daughter-the-sunday-times-bestseller-9781784705756","title":"Talking to My Daughter: The Sunday Times","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003e**THE \u003ci\u003eSUNDAY TIMES\u003c\/i\u003e BESTSELLER**\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eYanis Varoufakis, world renowned economist, writes to his daughter to teach her the hazards of capitalism.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e'Why is there so much inequality?' asked Xenia to her father. Answering her questions in a series of accessible and tender letters, Varoufakis educates her to what economics and capitalism is and why it is so dangerous.\u003cbr\u003e\u003cbr\u003eTaking from memories of her childhood and a variety of well-known tales - from \u003ci\u003eOedipus \u003c\/i\u003eand \u003ci\u003eFaust\u003c\/i\u003e to \u003ci\u003eFrankenstein\u003c\/i\u003e and \u003ci\u003eThe Matrix\u003c\/i\u003e - Varoufakis turns \u003ci\u003eTalking To My Daughter\u003c\/i\u003e into an enjoyable and engaging read, without ever shying from the harder truths. Greece's former finance minister explains everything you need to know to understand why economics is the most important drama of our times.\u003cbr\u003e\u003cbr\u003eIn answering his daughter's deceptively simple questions, Varoufakis disentangles our troubling world with remarkable clarity and child-like honesty, as well as inspiring us to make it a better one.\u003cbr\u003e\u003cbr\u003e\u003cb\u003e'Utterly accessible, deeply humane and startlingly original - a potent democratic tool at the perfect time' Naomi Klein, author of \u003ci\u003eThe Shock Doctrine\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eIt's great fun to read ... Varoufakis has started a debate here, and he's done it brilliantly * Evening Standard *\u003cbr\u003eUtterly accessible, deeply humane and startlingly original – a potent democratic tool at the perfect time -- Naomi Klein, author of No Is Not Enough\u003cbr\u003eA provocative, challenging, yet non-patronising analysis of the global economy. By using ancient myths, contemporary culture and family stories, Varoufakis makes the text intimate and accessible -- Nigel Jones * Observer *\u003cbr\u003eExperts have often found it easier to hide behind opaque language than to explain complex concepts in simple terms … Varoufakis wants to smash this barrier. . . He equips his readers with the beginnings of a new language, and punctures myth after myth – anna minton, guardian -- Anna Minton * Guardian *\u003cbr\u003eVaroufakis's brief history of capitalism unspools with characteristic fluency and verve ... those seeking to better understand the 'black magic' of bankers should look no further * Financial Times *","brand":"Vintage Publishing","offers":[{"title":"Default Title","offer_id":48741249417559,"sku":"9781784705756","price":10.44,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781784705756.jpg?v=1720057020"},{"product_id":"in-the-long-run-we-are-all-dead-keynesianism-political-economy-and-revolution-9781784786007","title":"In the Long Run We Are All Dead: Keynesianism,","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eIn the ruins of the 2007-2008 financial crisis, progressives the world over clamoured to resurrect the economic theory of John Maynard Keynes. The crisis seemed to expose the disaster of small-state, free-market liberalization and deregulation. Keynesian political economy, in contrast, could put the state back at the heart of the economy and arm it with the knowledge needed to rescue us. But what it was supposed to rescue us from was not so clear. Was it the end of capitalism or the end of the world? For Keynesianism, the answer is both. \u003cbr\u003e\u003cbr\u003eGeoff Mann's \u003ci\u003eIn the Long Run We're All Dead\u003c\/i\u003e is a thoroughgoing critique of Keynes for our post-crash world, and an accessible and historically grounded introduction to his masterwork \u003ci\u003eThe General Theory of Employment, Interest, and Money. \u003c\/i\u003eMann argues that Keynesianism is thus modern liberalism's most persuasive internal critique, meeting two centuries of crisis with a proposal for capital without capitalism and revolution without revolutionaries.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eThere have been many biographies of Keynes and many histories of the 'Keynesian revolution in government'. Mann's book belongs to neither category. Brilliant.compelling. -- Adam Tooze * London Review of Books *\u003cbr\u003eA detailed, fast-flowing account of how repeatedly guileful Keynesianism crisis management has saved the elite by reengineering tragedy . rewarding reading. -- Danny Dorling, author of \u003ci\u003eInequality and the 1%\u003c\/i\u003e\u003cbr\u003eMann's treatment of Keynes is a very interesting effort to situate his work in a longer political and philosophical debate going back to the French revolution. He treats Keynesianism as the alternative to economic collapse and\/or revolution and argues that insofar as leftists have come to embrace it, they have quite explicitly given up hope for an alternative to capitalism. -- Dean Baker, author of \u003ci\u003eThe End of Loser Liberalism\u003c\/i\u003e\u003cbr\u003eMann makes it clear that Keynes's critique of liberalism can be found already in Hegel; and that now we need to leave behind the caution of the great philosopher and the great economist, thus realizing a radical alternative to capitalism. This is a provocative, original and brilliant book. -- Domenico Losurdo, author of \u003ci\u003eLiberalism: A Counter-History\u003c\/i\u003e\u003cbr\u003eUrgent and lucid . A bravura inquiry into the intellectual history of the present and the ambiguous vitality of Keynes's \u003ci\u003eGeneral Theory\u003c\/i\u003e. -- Alberto Toscano, author of \u003ci\u003eFanaticism: On the Uses of an Idea\u003c\/i\u003e\u003cbr\u003eA critical rereading of Keynes, who comes across less as the liberal reformist intent on keeping capitalism (and the bourgeois order) intact, than someone attentive to the tensions within the system and, for all of its flaws, fearful of the grave dangers of leaping toward an unknown revolutionary future. \u003ci\u003eIn the Long Run We Are All Dead\u003c\/i\u003e makes for a startling, bracing and important read. -- Michael J. Watts, University of California, Berkeley\u003cbr\u003eThey say that we are all Keynesians in a foxhole, but In the long run we are all dead goes much deeper.  Profound and provocative, the book turns political and intellectual history inside out, offering nothing short of an original critique of the political economy of liberal government and capitalist modernity.  Far from a pedantic discussion of what Keynes really meant, Mann takes us from Hegel to Picketty, and much in between, in search of what Keynes and Keynesianism really mean.  His answers are sometimes surprising, occasionally unsettling, and never less than urgently relevant. -- Jamie Peck, University of British Columbia\u003cbr\u003eGeoff Mann's fascinating, if idiosyncratic, account of Keynesianism is punctuated by long forays into the history of philosophy, the history of the French Revolution and the history of economic thought. The book is broad in scope and imaginative. And the co-existence of poverty and plenty is just one of several overarching tensions animating the account. -- Michal Rozworski * Canadian Centre for Policy Alternatives *\u003cbr\u003eGeoff Mann's stimulating book identifies a current of critical thought which stretches at least from the French Revolution, through Hegel and Keynes, to the present. -- Bill Dunn * Antipode *\u003cbr\u003eIn Geoff Mann's account, Keynesianism ultimately helped sever economists from their own rich tradition of heretical political philosophy and reduced them to platitudinous apologists for plutocracy...[this] is more provocative for what it implies, and sometimes outright asserts, about contemporary economics and the precarious civilization it promises to preserve. -- Matt Seybold * Los Angeles Review of Books *\u003cbr\u003eGeoff Mann is well aware of the distinctions between Keynes the man, his work, and 'Keynesianism.' But his book on Keynesianism,\u003ci\u003e In the Long Run We Are All Dead\u003c\/i\u003e, is quite deliberately more about the 'ism' than the man. -- Mike Beggs * Jacobin *\u003cbr\u003eEnjoyable ... will appeal to general readers as well as those with specialist knowledge ... Readers who want to find the answers to radical critiques of Keynesianism will be inspired by the book's robust discussions of questions around revolution, political economy and liberty. * Financial Times *","brand":"Verso Books","offers":[{"title":"Default Title","offer_id":48741287690583,"sku":"9781784786007","price":14.24,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781784786007.jpg?v=1720057134"},{"product_id":"austerity-vintage-minis-9781784874100","title":"Austerity: Vintage Minis","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eVINTAGE MINIS: GREAT MINDS. BIG IDEAS. LITTLE BOOKS.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eHow do we choose between what is fair and just, and what our debtors demand of us? Yanis Varoufakis was put in such a dilemma in 2015 when he became the finance minister of Greece. In this rousing book, he charts the absurdities that underpin calls for austerity, as well as his own battles with a bureaucracy bent on ignoring the human cost of its every action. Passionately outspoken and tuned to the voices of the oppressed, Varoufakis presents a guide to modern economics, and its threat to democracy, like no other. \u003cbr\u003e\u003cbr\u003eSelected from the books \u003ci\u003eAnd the Weak Suffer What They Must?\u003c\/i\u003e and \u003ci\u003eAdults in the Room\u003c\/i\u003e\u003c\/p\u003e","brand":"Vintage Publishing","offers":[{"title":"Default Title","offer_id":48741298667863,"sku":"9781784874100","price":999.99,"currency_code":"GBP","in_stock":false}]},{"product_id":"paper-dragons-china-and-the-next-crash-9781786995964","title":"Paper Dragons: China and the Next Crash","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eEmerging relatively unscathed from the banking crisis of 2008, China has been viewed as a model of both rampant success and fiscal stability. But beneath the surface lies a network of fissures that look likely to erupt into the next big financial crash. A bloated real-estate sector, roller-coaster stock market, and rapidly growing shadow-banking sector have all coalesced to create a perfect storm: one that is in danger of taking the rest of the world’s economy with it.  Walden Bello traces our recent history of financial crises – from the bursting of Japan’s ‘bubble economy’ in 1990 to Wall Street in 2008 – taking in their political and human ramifications such as rising inequality and environmental degradation. He not only predicts that China might be the site of the next crash, but that under neoliberalism this will simply keep happening. The only way that we can stop this cycle, Bello argues, is through a fundamental change in the ways that we organise: a shift to cooperative enterprise, respectful of the environment, and which fractures the twin legacies of imperialism and capitalism.  Insightful, erudite and passionate, \u003ci\u003ePaper Dragons \u003c\/i\u003eis a must-read for anyone wishing to prevent the next financial meltdown.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eThis welcome critique of global finance is admirably angry. * Guardian *\u003cbr\u003ePaper Dragons looks at the economic dangers building up in the Chinese economy and situates them in world economic developments since the Global Financial Crisis. * Green Left *\u003cbr\u003eWalden Bello suggests that, while the next devastating crisis with global ramifications can strike any one of capitalism’s many nodes, the immediate threat comes from Asian giant, China. The lesson? Reform of capitalism may be the immediate call, but in the final analysis we must transform how the system works and we live our lives. * C. P. Chandrasekhar, Professor of Economics, Jawaharlal Nehru University *\u003cbr\u003eWalden Bello argues that fragility remains within the system and points to China as the potential source of the world's next major economic crisis. He raises issues that citizens, policymakers, and financial players ignore at their peril. * Dean Baker, Co-founder and Senior Economist, Center for Economic Policy Research *\u003cbr\u003eWalden Bello shows how global capitalism remains structurally prone to financial crises. With clarity and conviction, Bello continues to explain reality lucidly and inspire progressive alternatives. * Jayati Ghosh, Professor of Economics Jawaharlal Nehru University *\u003cbr\u003e'Startling, revelatory, brilliant! An astonishing exposé of the frightening economic details of this moment. * Jerry Mander, author of The Capitalism Papers *\u003cbr\u003e'In 2008, a U.S. housing bubble careened out of control and plunged the world into a gruesome global financial crisis. Bello brilliantly lays out the case that – unless we put effective checks in place – the next financial crisis will likely erupt in China. * John Cavanagh, Director, Institute for Policy Studies *\u003cbr\u003eIn this volume, Walden Bello demonstrates that East and Southeast Asia has been the location of multiple financial crises, despite enjoying an international reputation as a group of successful globalizers. * Manuel Montes, Senior Analyst, South Center, Geneva *\u003cbr\u003eWalden Bello, in this terrifying new book, explains that, if major changes are not taken, the same set of circumstances – unregulated shadow banking, runaway financial speculation and an overheated real estate bubble – are poised to take down China’s economy, and perhaps the world's with it. A very important book for this political moment. * Maude Barlow, author of Blue Future and chairperson of the Council of Canadians *\u003cbr\u003eA stark warning about the vulnerable state of global financial markets from one of our most acute and prescient thinkers. * Naomi Klein, author of This Changes Everything and The Shock Doctrine *\u003cbr\u003e'A tour de force of past and future financial crises by the globe's most astute progressive political economist. Bello puts forward a comprehensive agenda to prevent the next crisis. * Robin Broad, Guggenheim Fellow and Professor, American University *\u003cbr\u003e'Walden Bello brilliantly explains how our global financial system still operates as a giant casino — with China now one of the most reckless gamblers. Read this book to learn how we can tame the global financial casino — before China and other reckless gamblers cause the next crash. * Sarah Anderson, Global Economy Project Director *\u003cbr\u003eWalden Bello is one of the rare truly global thinkers. A must-read for those seeking prevent the next financial meltdown. * Superb.' *\u003cbr\u003e'Crisply and clearly written, \u003ci\u003ePaper Dragons\u003c\/i\u003e demonstrates that: \"Yes, it can happen here, again and again.\" Politicians and lawmakers everywhere had better get a grip on finance, now. Or watch out, World! * Susan George, President of the Transnational Institute and author of How the Other Half Dies *\u003cbr\u003eWalden Bello is one of the foremost analysts of global economics and politics of our time. He shows that the global economy is a ticking time bomb. Erudite and eloquent, this book could not be timelier. This is a must read. * William I. Robinson, Professor of Sociology, University of California *\u003cbr\u003e'The question may not be if another crash will take place, but when and where will it start. Bello eschews pessimist fatalism, arguing for a broad programme of financial reforms integrated into a comprehensive programme of reforms of the real economy. Inspired and accessible … Wholeheartedly recommended! * Heikki Patomäki, Professor of World Politics, University of Helsinki, author of The Great Eurozone Crisis *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e1. Introduction: Will China be the Epicenter of the Next Financial Crisis?    2. Crisis in Wall Street and the Keynesian Response    3. Europe: Social Democracy’s Faustian Pact with Global Finance    4. Asia and Finance Capital: From the Japanese Bubble to China’s Financial Time Bomb    5. Reforming the Global Financial Architecture: Opportunities Lost, 2008-2018    6. How to Rebottle the Genie    7. Conclusion: Why Financial Reform is Not Enough","brand":"Bloomsbury Publishing PLC","offers":[{"title":"Default Title","offer_id":48741490393431,"sku":"9781786995964","price":30.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781786995964.jpg?v=1720057744"},{"product_id":"beyond-covid-19-multidisciplinary-approaches-and-outcomes-on-diverse-fields-9781800611443","title":"Beyond Covid-19: Multidisciplinary Approaches And","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eWhile humanity continues to grapple with COVID-19 and its ramifications, Beyond COVID-19: Multidisciplinary Approaches and Outcomes on Diverse Fields provides a unique opportunity to foresee the repercussions of the pandemic across a range of fields through the lens of chaos and complexity theory. This book takes COVID-19 as a holistic event, providing an interesting analysis of this chaotic phenomenon with the contributions of multidisciplinary scholars. The expert views within this book come from a wide range of fields, from international relations to education and from sociology to law.Unique in terms of its content and contributions, the chapters within explore the various consequences of COVID-19 with the aim of attracting the attention of researchers, postgraduate students, practitioners, and policymakers.","brand":"World Scientific Europe Ltd","offers":[{"title":"Default Title","offer_id":48741753651543,"sku":"9781800611443","price":99.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781800611443.jpg?v=1720058694"},{"product_id":"imperialism-and-the-political-economy-of-global-south-s-debt-9781802624847","title":"Imperialism and the Political Economy of Global","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThe Covid-19 pandemic has brought the nagging issue of the Global South's debt back into the spotlight. With declining export earnings and tax revenues, many countries in Africa, Latin America and Asia have found themselves objectively unable to service their foreign currency debt. This situation, reminiscent of the international debt crisis of the 1980s and 1990s, is the backdrop of the 38\u003csup\u003eth\u003c\/sup\u003e volume of the \u003cem\u003eResearch in Political Economy\u003c\/em\u003e series edited by Ndongo Samba Sylla. \u003c\/p\u003e \u003cp\u003eIn \u003cem\u003eImperialism and the Political Economy of Global South’s Debt\u003c\/em\u003e, expert contributions connect the history of this issue with a range of factors including class dynamics, the changing landscape of sovereign debt markets, the global liquidity cycle, the enduring constraints of commodity dependence, ecological sustainability and the limitations of the current ad hoc sovereign debt restructuring procedures. In contrast to orthodox accounts that view debt crises in the Global South as a cyclical problem or as consequences of 'mismanagement' or 'fiscal irresponsibility'. \u003cem\u003eImperialism and the Political Economy of Global South’s Debt\u003c\/em\u003e recognises the systemic nature of the Global South’s external debt, revealed only further by the economic uncertainty of the Covid-19 pandemic, as well as the need to analyse it in relation to existing imperialist structures.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePart 1: Case Studies \u003cbr\u003e Chapter 1. The Political Economy of Debt in the Global South: The Case of Argentina (2001–2022); \u003cem\u003eJuan E. Santarcángelo and Juan Manuel Padín\u003c\/em\u003e\u003cbr\u003e Chapter 2. Can debt be sustainable, if life isn’t? Argentina’s debt crisis and social reproduction; \u003cem\u003eMariano Féliz\u003c\/em\u003e\u003cbr\u003e Chapter 3. Colonial Hangover in Global Financial Markets: Eurobonds, China, and African Debt; \u003cem\u003eOlufunmilayo Arewa \u003c\/em\u003e\u003cbr\u003e Chapter 4. Tightening the Grip: Foreign Creditors and Sudan’s Political Transition (2019-2022); \u003cem\u003eHarry Cross\u003c\/em\u003e\u003cbr\u003e Part 2: The Elusive Quest for a Sovereign Debt Restructuring Mechanism\u003cbr\u003e Chapter 5. Refusing to improve: sovereign debt and the political economy of inertia in UNCTAD 1964 – 1979; \u003cem\u003eChristina Laskaridis\u003c\/em\u003e\u003cbr\u003e Chapter 6. Limits of sovereign debt restructuring mechanisms and possible alternatives; \u003cem\u003eMilan Rivie\u003c\/em\u003e\u003cbr\u003e Part 3: Foreign Debt, Development and Imperialism\u003cbr\u003e Chapter 7. Managing the balance-of-payments constraint: dilemmas and perspectives; \u003cem\u003eBasil Oberholzer\u003c\/em\u003e\u003cbr\u003e Chapter 8. Imperialism and Global South’s Debt: Some insights from MMT, Ecological Economics and Dependency Theory; \u003cem\u003eNdongo Samba Sylla\u003c\/em\u003e\u003cbr\u003e Chapter 9. China and Debt-Trap Diplomacy: A Brief Assessment; \u003cem\u003eShalendra Sharma\u003c\/em\u003e\u003c\/p\u003e","brand":"Emerald Publishing Limited","offers":[{"title":"Default Title","offer_id":48741826593111,"sku":"9781802624847","price":63.75,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781802624847.jpg?v=1720058949"},{"product_id":"the-cost-of-living-crisis-and-how-to-get-out-of-it-9781804293843","title":"The Cost of Living Crisis: (and how to get out of","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eWe are living through a cost of living crisis, with interest rate hikes and the prices of everyday consumables and energy bills sky-rocketing. Why is this happening? Sometimes we are told that wages are too high, or that the government has \"printed\" too much money or that events far away, such as the war in Ukraine, are solely to blame. The plain argument that high prices go together with high profits, falling wages, and weak production is often distorted and hidden by mainstream commentary in the media and elsewhere. \u003cbr\u003e\u003cbr\u003eThis plain-speaking pamphlet tells it straight: the big businesses dominating production and distribution make huge profits out of high inflation, while working people lose out. It sets out factual evidence to illustrate that the source of record profits is the fall in real wages as inflation rises. A large part of the income of working people is being transferred directly into the profits of big business. The pamphlet shows that the deeper roots of the \"cost of living crisis\" lie in the very low investment and poor productivity growth for many years. The basic steps to resolving the crisis are simple: prices, especially of essentials, must be brought down, and wages, salaries, benefits, and pensions must be increased.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e[An] excellent little book -- Will Podmore * The Morning Star *\u003cbr\u003eA small book with a mighty big punch ... Closely argued in clear, accessible language, [\u003ci\u003eThe Cost of Living Crisis\u003c\/i\u003e] demolishes the decades-old lie that wage rises are the source of inflation, and backs that case with hard facts. * Scottish Socialist Voice *","brand":"Verso Books","offers":[{"title":"Default Title","offer_id":48741874008407,"sku":"9781804293843","price":7.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781804293843.jpg?v=1720059133"},{"product_id":"the-return-of-depression-economics-9781846142390","title":"The Return of Depression Economics","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePaul Krugman, winner of the 2008 Nobel Prize in economics, shows how today's crisis parallels the events that caused the Great Depression - and explains what it will take to avoid catastrophe.\u003cbr\u003e\u003cbr\u003eIn 1999, in \u003ci\u003eThe Return of Depression Economics\u003c\/i\u003e, Paul Krugman surveyed the economic crises that had swept across Asia and Latin America, and warned that those crises were a warning for all of us: like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression were making a comeback.In the years that followed, as Wall Street boomed and financial wheeler-dealers made vast profits, the international crises of the 1990s faded from memory. But now depression economics has come to America: when the great housing bubble of the mid-2000s burst, the U.S. financial system proved as vulnerable as those of developing countries caught up in earlier crises - and a replay of the 1930s seems all too possible. \u003cbr\u003e\u003cbr\u003eIn this new, greatly updated edition of \u003ci\u003eThe Return of Depression Economics\u003c\/i\u003e, Krugman shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States, and the world as a whole, up for the greatest financial crisis since the 1930s. He also lays out the steps that must be taken to contain the crisis, and turn around a world economy sliding into a deep recession. 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Almost everything that we took for  granted is now open to debate, whether that be the relationship that Britain has with the rest of the world or, at a more personal level, how the company we work for adapts to an increasingly competitive marketplace, and how that will affect our jobs. Everything is up for debate. What we are all searching for is clarity, insights and a reminder of the lessons of history that are in danger of being forgotten.  Fortunately, there is someone who has the answers, or at the very least, some insightful questions that should be asked. Capitalism in Crisis is the combined insights of three of the world’s top analytical brains who have been guiding businesses and governments in their quest to find answers and shape strategy.    In this two-volume work, they have laid out the problems and shown the solutions in a highly accessible way using illustrations as well as text. 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A British banker silenced and humiliated for trying to expose the truth about the City of London  the world's piggy bank for blood money.Riveting, horrifying and written like fiction, this book shows that while we are looking the other way, all that we hold most dear is being stolen.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e‘A ghastly and very important story’\u003cbr\u003e\u003cem\u003e\u003cstrong\u003eGuardian\u003c\/strong\u003e\u003c\/em\u003e\u003c\/p\u003e           \u003cp\u003e‘A meticulously reported piece of investigative journalism written in the style of a fast-paced thriller … Gripping … Kleptopia is not a far away republic in central Asia; it is all around us’\u003cbr\u003e\u003cem\u003e\u003cstrong\u003eThe Times\u003c\/strong\u003e\u003c\/em\u003e\u003c\/p\u003e           \u003cp\u003e‘I don’t do book reviews. 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The grifter class—made up of the largest players in the financial industry and the politicians who do their bidding—has been growing in power, and the crisis was only one terrifying manifestation of how they’ve hijacked America’s political and economic life.\u003cbr\u003e\u003cbr\u003eMatt Taibbi has combined deep sources, trailblazing reportage, and provocative analysis to create the most lucid, emotionally galvanizing account yet written of this ongoing American crisis. He offers fresh reporting on the backroom deals of the bailout; tells the story of Goldman Sachs, the “vampire squid wrapped around the face of humanity”; and uncovers the hidden commodities bubble that transferred billions of dollars to Wall Street while creating food shortages around the world.\u003cbr\u003e\u003cb\u003e\u003c\/b\u003e\u003c\/p\u003e","brand":"Random House USA Inc","offers":[{"title":"Default Title","offer_id":48864538657111,"sku":"9780385529969","price":999.99,"currency_code":"GBP","in_stock":false}]},{"product_id":"restoring-financial-stability-9780470499344","title":"Restoring Financial Stability","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eAn insightful look at how to reform our broken financial system\u003cbr\u003e \u003cbr\u003e   \u003cp\u003eThe financial crisis that unfolded in September 2008 transformed the United States and world economies. As each day''s headlines brought stories of bank failures and rescues, government policies drawn and redrawn against the backdrop of an historic Presidential election, and solutions that seemed to be discarded almost as soon as they were proposed, a group of thirty-three academics at New York University Stern School of Business began tackling the hard questions behind the headlines. Representing fields of finance, economics, and accounting, these professors-led by Dean Thomas Cooley and Vice Dean Ingo Walter-shaped eighteen independent policy papers that proposed market-focused solutions to the problems within a common framework. In December, with great urgency, they sent hand-bound copies to Washington. \u003ci\u003eRestoring Financial Stability\u003c\/i\u003e is the culmination of their work.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eProposes bold, y\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"In conclusion, this book should be read by every serious observer of the crisis. It is an outstanding contribution.\" (\u003ci\u003eLombard Street\u003c\/i\u003e)  \u003cp\u003e\"…ably tackles complex issues and covers a wide spectrum of the current debate, including the multiplicity of regulators, the need for international regulatory coordination, transparency, fair value accounting, compensation reform, and the extent to which monetary policy should address systemic asset bubbles.\" (\u003ci\u003eThe Investment Professional\u003c\/i\u003e)\u003c\/p\u003e \u003cp\u003e“…the book that best combines history, analysis and prescription is “Restoring Financial Stability”, a series of essays by academics at New York University’s Stern School of Business. The 60-page prologue is packed with telling facts and sophisticated analysis, and alone is worth the steep cover price. The individual chapters deal methodically with the myriad issues raised by the crunch, and the policy changes that will be needed, covering everything from the American mortgage market to the need for international cooperation in regulating finance.\" (\u003ci\u003eThe Economist\u003c\/i\u003e)\u003c\/p\u003e \u003cp\u003e\"We are always better analysts with a 20\/20 hindsight. Indeed, an ex post reading about events leading up to a crisis appears logical, and often leaves one with the question about why the evolution of the crisis could not be seen and corrected in time. Still, policy-makers know that such a review and understanding are important to learning from mistakes. \u003cb\u003eRestoring Financial Stability (Wiley) acts as a catalyst to that understanding by offering a comprehensive sequencing of the causes and progression of the build-up of the financial strains that . . evolved into a full-blown global financial crisis. . .\u003c\/b\u003e highly recommended even though bankers will remain bankers and will probably figure out ways to beat the new system.\" \u003ci\u003e(Business Standard)\u003c\/i\u003e\u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eForeword xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePrologue: A Bird’s-Eye View\u003cbr\u003e\u003c\/b\u003eThe Financial Crisis of 2007–2009: Causes and Remedies 1\u003cbr\u003e\u003ci\u003eViral V. Acharya, Thomas Philippon, Matthew Richardson, and Nouriel Roubini\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Causes of the Financial Crisis of 2007–2009 57\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eMatthew Richardson\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 Mortgage Origination and Securitization in the Financial Crisis 61\u003cbr\u003e \u003ci\u003eDwight Jaffee, Anthony W. Lynch, Matthew Richardson, and Stijn Van Nieuwerburgh\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 2 How Banks Played the Leverage Game 83\u003cbr\u003e \u003ci\u003eViral V. Acharya and Philipp Schnabl\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 3 The Rating Agencies: Is Regulation the Answer? 101\u003cbr\u003e \u003ci\u003eMatthew Richardson and Lawrence J. White\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Financial Institutions 117\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eMatthew Richardson\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 4 What to Do about the Government-Sponsored Enterprises? 121\u003cbr\u003e \u003ci\u003eDwight Jaffee, Matthew Richardson, Stijn Van Nieuwerburgh, Lawrence J. White, and Robert E. Wright\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 5 Enhanced Regulation of Large, Complex Financial Institutions 139\u003cbr\u003e \u003ci\u003eAnthony Saunders, Roy C. Smith, and Ingo Walter\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 6 Hedge Funds in the Aftermath of the Financial Crisis 157\u003cbr\u003e \u003ci\u003eStephen J. Brown, Marcin Kacperczyk, Alexander Ljungqvist, Anthony W. Lynch, Lasse H. Pedersen, and Matthew Richardson\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Governance, Incentives, and Fair Value Accounting Overview 179\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eViral V. Acharya and Rangarajan K. Sundaram\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 7 Corporate Governance in the Modern Financial Sector 185\u003cbr\u003e \u003ci\u003eViral V. Acharya, Jennifer N. Carpenter, Xavier Gabaix, Kose John, Matthew Richardson, Marti G. Subrahmanyam, Rangarajan K. Sundaram, and Eitan Zemel\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 8 Rethinking Compensation in Financial Firms 197\u003cbr\u003e \u003ci\u003eGian Luca Clementi, Thomas F. Cooley, Matthew Richardson, and Ingo Walter\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 9 Fair Value Accounting: Policy Issues Raised by the Credit Crunch 215\u003cbr\u003e \u003ci\u003eStephen G. Ryan\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four Derivatives, Short Selling, and Transparency 229\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eViral V. Acharya\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 10 Derivatives: The Ultimate Financial Innovation 233\u003cbr\u003e \u003ci\u003eViral V. Acharya, Menachem Brenner, Robert F. Engle, Anthony W. Lynch, and Matthew Richardson\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 11 Centralized Clearing for Credit Derivatives 251\u003cbr\u003e \u003ci\u003eViral V. Acharya, Robert F. Engle, Stephen Figlewski, Anthony W. Lynch, and Marti G. Subrahmanyam\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 12 Short Selling 269\u003cbr\u003e \u003ci\u003eMenachem Brenner and Marti G. Subrahmanyam\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Five The Role of the Federal Reserve 277\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eThomas F. Cooley and Thomas Philippon\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 13 Regulating Systemic Risk 283\u003cbr\u003e \u003ci\u003eViral V. Acharya, Lasse H. Pedersen, Thomas Philippon, and Matthew Richardson\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 14 Private Lessons for Public Banking: The Case for Conditionality in LOLR Facilities 305\u003cbr\u003e \u003ci\u003eViral V. Acharya and David K. Backus\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Six The Bailout 323\u003cbr\u003e \u003c\/b\u003e\u003ci\u003eThomas F. Cooley and Thomas Philippon\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 15 The Financial Sector Bailout: Sowing the Seeds of the Next Crisis? 327\u003cbr\u003e \u003ci\u003eViral V. Acharya and Rangarajan K. Sundaram\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 16 Mortgages and Households 341\u003cbr\u003e \u003ci\u003eAndrew Caplin and Thomas F. Cooley\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 17 Where Should the Bailout Stop? 353\u003cbr\u003e \u003ci\u003eEdward I. Altman and Thomas Philippon\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Seven International Coordination 363\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 18 International Alignment of Financial Sector Regulation 365\u003cbr\u003e \u003ci\u003eViral V. Acharya, Paul Wachtel, and Ingo Walter\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eAbout the Authors 377\u003c\/p\u003e \u003cp\u003eIndex 381\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48864630047063,"sku":"9780470499344","price":30.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470499344.jpg?v=1722272808"},{"product_id":"the-greatest-trades-of-all-time-9780470645994","title":"The Greatest Trades of All Time","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eHow top traders made huge profits during the most momentous market events of the past century\u003c\/b\u003e \u003cp\u003eFinancial and commodity markets are characterized by periodic crashes and upside explosions. In retrospect, the reasons behind these abrupt movements often seem very clear, but generally few people understand what''s happening at the time. Top traders and investors like George Soros or Jesse Livermore have stood apart from the crowd and capitalized on their unique insights to capture huge profits.\u003c\/p\u003e \u003cp\u003eEngaging and informative, The Greatest Trades of All Time chronicles how a select few traders anticipated market eruptions?from the 1929 stock market crash to the 2008 subprime mortgage meltdown?and positioned themselves to excel while a majority of others failed. Along the way, author Vincent Veneziani describes the economic and financial forces that led to each market cataclysm and how theseindividuals perceived what was happening beforehand and why they decided to place big bets, \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eAbout the Author xv\u003c\/p\u003e \u003cp\u003eIntroduction xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 J. Kyle Bass: Timing is Everything 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Back Story 1\u003c\/p\u003e \u003cp\u003eA Few Definitions 2\u003c\/p\u003e \u003cp\u003eBass Asks Why 4\u003c\/p\u003e \u003cp\u003eLearning from the Past 6\u003c\/p\u003e \u003cp\u003eShorting Subprime Loans 7\u003c\/p\u003e \u003cp\u003eThe Best Position 8\u003c\/p\u003e \u003cp\u003eThe Effects of Abuse 11\u003c\/p\u003e \u003cp\u003eWho Was Watching? 13\u003c\/p\u003e \u003cp\u003eRe-creating Bass’s Trading Strategies 17\u003c\/p\u003e \u003cp\u003eBass’s Top Traits 17\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 James Chanos: The Real King of Enron 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEnter Enron 21\u003c\/p\u003e \u003cp\u003eReally Looking at Enron 23\u003c\/p\u003e \u003cp\u003eThe Best Position 26\u003c\/p\u003e \u003cp\u003eRecreating Chanos’s Trading Strategies 28\u003c\/p\u003e \u003cp\u003eA More Recent Example 28\u003c\/p\u003e \u003cp\u003eChanos’s Top Traits 30\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Paul Tudor Jones II: Legendary Global Macro Trader 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFollowing a Genius 31\u003c\/p\u003e \u003cp\u003eThe Path of Greatness 32\u003c\/p\u003e \u003cp\u003eStarting Out 33\u003c\/p\u003e \u003cp\u003eKnowing All the Markets 35\u003c\/p\u003e \u003cp\u003eGlobal Macro Trading 36\u003c\/p\u003e \u003cp\u003eElliot Wave Theory 38\u003c\/p\u003e \u003cp\u003eMore Keys to Jones’s Success 40\u003c\/p\u003e \u003cp\u003eSuccess beyond Trading 43\u003c\/p\u003e \u003cp\u003eRecreating Jones’s Trading Strategies 43\u003c\/p\u003e \u003cp\u003eJones’s Top Traits 44\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 John Templeton: Legendary Mutual Fund Manager 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Made Templeton Famous 47\u003c\/p\u003e \u003cp\u003eTempleton’s Life before Investing 49\u003c\/p\u003e \u003cp\u003eEducational Aspirations 50\u003c\/p\u003e \u003cp\u003eThe Married Life 52\u003c\/p\u003e \u003cp\u003eTempleton’s Big Move 53\u003c\/p\u003e \u003cp\u003eBack to New York 54\u003c\/p\u003e \u003cp\u003eLooking to the Future, and the Templeton Growth Fund 55\u003c\/p\u003e \u003cp\u003eTempleton’s Second Marriage and Fund 56\u003c\/p\u003e \u003cp\u003eThe Bahamas 57\u003c\/p\u003e \u003cp\u003eRecreating Templeton’s Trading Strategies 58\u003c\/p\u003e \u003cp\u003eTempleton’s Top Traits 59\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Jesse Livermore: Legendary Speculator 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLivermore’s History 61\u003c\/p\u003e \u003cp\u003eAt Home in New York 63\u003c\/p\u003e \u003cp\u003eFame and Fortune 63\u003c\/p\u003e \u003cp\u003eThe Panic of 1907 64\u003c\/p\u003e \u003cp\u003eThe Crash of 1929 65\u003c\/p\u003e \u003cp\u003eLivermore’s Tragic End 66\u003c\/p\u003e \u003cp\u003eAn Example of Livermore’s Influence Today 68\u003c\/p\u003e \u003cp\u003eRecreating Livermore’s Trading Strategies 69\u003c\/p\u003e \u003cp\u003eLivermore’s Top Traits 69\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 John Paulson: The Greatest Trade of All Time 73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePaulson’s Early Career 73\u003c\/p\u003e \u003cp\u003ePaulson \u0026amp; Co. 74\u003c\/p\u003e \u003cp\u003eThe Greatest Trade 74\u003c\/p\u003e \u003cp\u003eRecreating Paulson’s Trading Strategies 79\u003c\/p\u003e \u003cp\u003ePaulson’s Top Traits 81\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 George Soros: From Humble Beginnings to World Trader 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSoros’s Famous Trades 84\u003c\/p\u003e \u003cp\u003eThe Hardships of a Trading Genius 87\u003c\/p\u003e \u003cp\u003eGoing to School in London 88\u003c\/p\u003e \u003cp\u003eWork in New York 90\u003c\/p\u003e \u003cp\u003eJoining the Big Leagues 91\u003c\/p\u003e \u003cp\u003eFinding Himself 93\u003c\/p\u003e \u003cp\u003eCrashing from Success 95\u003c\/p\u003e \u003cp\u003eA New Protégé 97\u003c\/p\u003e \u003cp\u003eOnto the World Stage 98\u003c\/p\u003e \u003cp\u003eThe Backlash 100\u003c\/p\u003e \u003cp\u003eA Conflicted Mind 101\u003c\/p\u003e \u003cp\u003eA New Era 101\u003c\/p\u003e \u003cp\u003eRecreating Soros’s Trading Strategies 102\u003c\/p\u003e \u003cp\u003eSoros’s Top Traits 103\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 David Einhorn: A Company’s Worst Nightmare 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAllied is Not an Ally 105\u003c\/p\u003e \u003cp\u003eLucky Lehman 108\u003c\/p\u003e \u003cp\u003eThe Great Beyond 110\u003c\/p\u003e \u003cp\u003eRecreating Einhorn’s Trading Strategies 111\u003c\/p\u003e \u003cp\u003eEinhorn’s Top Traits 112\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Martin Schwartz: From Amateur to Superstar 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStart Small, Go Big 115\u003c\/p\u003e \u003cp\u003eTrading Like a Rock Star 117\u003c\/p\u003e \u003cp\u003eWinding Down 118\u003c\/p\u003e \u003cp\u003eRecreating Schwartz’s Trading Strategies 120\u003c\/p\u003e \u003cp\u003eSchwartz’s Top Traits 121\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 John Arnold: Master of Energy 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSuccess at Enron 123\u003c\/p\u003e \u003cp\u003eCentaurus Energy 124\u003c\/p\u003e \u003cp\u003eThe Explosion 126\u003c\/p\u003e \u003cp\u003eRecreating Arnold’s Trading Strategies 127\u003c\/p\u003e \u003cp\u003eCrude Oil 127\u003c\/p\u003e \u003cp\u003eNatural Gas 128\u003c\/p\u003e \u003cp\u003eArnold’s Top Traits 130\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 More Great Trades: Phillip Falcone, David Tepper, Andrew Hall, Greg Lippmann 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePhillip Falcone 131\u003c\/p\u003e \u003cp\u003eRecreating Falcone’s Trading Strategies 134\u003c\/p\u003e \u003cp\u003eDavid Tepper 135\u003c\/p\u003e \u003cp\u003eRecreating Tepper’s Trading Strategies 136\u003c\/p\u003e \u003cp\u003eAndrew Hall 138\u003c\/p\u003e \u003cp\u003eRecreating Hall’s Trading Strategies 139\u003c\/p\u003e \u003cp\u003eGreg Lippmann 141\u003c\/p\u003e \u003cp\u003eRecreating Lippmann’s Trading Strategies 143\u003c\/p\u003e \u003cp\u003eIn Summary 144\u003c\/p\u003e \u003cp\u003eNotes 147\u003c\/p\u003e \u003cp\u003eGlossary 149\u003c\/p\u003e \u003cp\u003eReferences 151\u003c\/p\u003e \u003cp\u003eHelpful Web Sites 157\u003c\/p\u003e \u003cp\u003eIndex 161\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48864635289943,"sku":"9780470645994","price":27.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470645994.jpg?v=1722272829"},{"product_id":"sunset-park-9780571258802","title":"Sunset Park","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eAuster''s novel of love and forgiveness from the author of contemporary classic \u003ci\u003eThe New York Trilogy\u003c\/i\u003e: ''a literary voice for the ages'' (\u003ci\u003eGuardian\u003c\/i\u003e)    \u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eS\u003ci\u003eunset Park \u003c\/i\u003eis set in the sprawling flatlands of Florida, where twenty-eight-year-old Miles is photographing the last lingering traces of families who have abandoned their houses due to debt or foreclosure. Miles is haunted by guilt for having inadvertently caused the death of his step-brother, a situation that caused him to flee his father and step-mother in New York seven years ago.\u003cbr\u003e\u003cbr\u003eWhat keeps him in Florida is his relationship with a teenage high-school girl, Pilar, but when her family threatens to expose their relationship, Miles decides to protect Pilar by going back to Brooklyn, where he settles in a squat to prepare himself to face the inevitable confrontation with his father - a confrontation he has been avoiding for years.\u003cbr\u003e\u003cbr\u003eSet against the backdrop of the devastating global rece\u003c\/p\u003e","brand":"Faber \u0026 Faber","offers":[{"title":"Default Title","offer_id":48865109836119,"sku":"9780571258802","price":9.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780571258802.jpg?v=1722273572"},{"product_id":"this-time-is-different-9780691152646","title":"This Time Is Different","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThroughout history, rich and poor countries alike have been lending, borrowing, crashing - and recovering - their way through an extraordinary range of financial crises. Each time, the experts have chimed, \"this time is different\". This book covers topics ranging from medieval currency debasements to today's subprime catastrophe.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eWinner of the 2011 Gold Medal Arthur Ross Book Award, Council on Foreign Relations Winner of the 2010 Paul A. Samuelson Award, TIAA-CREF One of USA Today's \"Year's Best Business Books To Make Sense of Financial Crisis\" Listed on Bloomberg.com by James Pressley as one of \"our favorite financial-crisis books this year\" Shortlisted for the 2010 Spear's Book of the Year Award in Financial History Finalist for the 2011 Estoril Global Issues Distinguished Book Prize Runner-Up for the Book of the Year, The Atlantic Finalist for the 2009 Business Book Award (\"Best of the Rest\") in Current Interest, 800-CEO-READ One of Library Journal Best Business Books - Economics\/U.S. Economy category \"Mr. Rogoff, a professor of economics at Harvard University, accurately predicted the eurozone debt crisis and for years has been telling anyone who would listen that China posed the next big threat to the global economy. He is starting to look right, again... 'China is the classic \"This time is different\" story,' Mr. Rogoff said.\"--Andrew Ross Sorkin, New York Times \"[E]ssential reading ... both for its originality and for the sobering patterns of financial behaviour it reveals.\"--Economist \"Reinhart and Rogoff have compiled an impressive database, which covers eight centuries of government debt defaults from around the world. They have also collected statistics on inflation rates from every country where information is available and on banking crises and international capital flows over the past couple of centuries. This lengthy historical study gives what they call a 'panoramic view' of the unending cycle of boom and bust, showing how claims that 'this time is different' are invariably proven wrong... This Time Is Different doesn't simply explain what went wrong in our most recent crisis. This book also provides a roadmap of how things are likely to pan out in the years to come... This Time Is Different is an important addition to the literature of financial history.\"--Edward Chancellor, Wall Street Journal \"Everyone working on economic policy should own This Time is Different and open it for a bracing blast of sobriety when things seem to be going well.\"--Greg Ip, Washington Post \"[T]he most comprehensive study of financial crises and their aftermath.\"--Eduardo Porter, New York Times \"The authors use copious amounts of data ... to make the compelling case that any well-informed person should have seen the Great Recession coming. The essence of their book is that while financial crises come in different varieties, they are not mysteriously born of undersea earthquakes, but frequently occurring events that can be spotted and even controlled if politicians and regulators know what to look for.\"--Devin Leonard, New York Times \"This Time is Different takes a Sergeant Friday, just-the-facts-ma'am approach: before we start theorizing, let's take a hard look at what history tells us. One side benefit of this approach is that the current book manages to be both extremely useful to professional economists and accessible to the intelligent lay reader. The Reinhart-Rogoff approach has already paid off handsomely in making sense of current events.\"--Robin Wells and Paul Krugman, New York Review of Books \"[A] terrific book.\"--Andrew Ross Sorkin, New York Times \"Among policy experts and economists, This Time is Different: Eight Centuries of Financial Folly ... has become so influential that when somebody says, 'We live in a Reinhart-Rogoff world,' everybody else in the room nods sagely.\"--Justin Lahart, Wall Street Journal \"Professor Rogoff and his longtime collaborator Carmen Reinhart ... know more about the history of financial crises than anyone alive. The pair have just published their broad survey of financial crises, This Time is Different. In an era when most 'analysts' rely on maybe 30 or 40 years' worth of financial history--and then only that of the U.S.--the authors' knowledge of financial crises and government bond defaults going back to the Spanish empire and before offers a richer perspective.\"--Brett Arends, Wall Street Journal \"[O]ne of the most important economic books of 2009.\"--Jon Hilsenrath, Wall Street Journal \"[T]he definitive book on financial crises.\"--Steven Pearlstein, Washington Post \"Two top-notch economists provide a clear and interesting explanation of why economic crises keep occurring. Broadly speaking, downturns such as the one we are recovering from are historically associated with characteristics that should sound quite familiar to today's investors.\"--David Schwartz, Financial Times \"[A] masterpiece.\"--Martin Wolf, Financial Times \"The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland and Kenneth Rogoff of Harvard, no one can doubt this again... The authors have put an immense amount of work into collecting the data financial institutions needed if they were to have any chance of making quantitative risk management work.\"--Martin Wolf, Financial Times \"Here's a deep and rewarding assignment for all of you, young and old, poor and rich, bullish and bearish. Retire to a quiet spot with a copy of This Time Is Different: Eight Centuries of Financial Folly, by Carmen M. Reinhart and Kenneth Rogoff.\"--Bob Lenzner, Forbes.com \"[A] fine new history of financial debacles.\"--Daniel Gross, Newsweek \"Wouldn't it be nice to have $1,000 for every time a pundit proclaims an era of endless prosperity, consigning booms and busts to the dumpster of history? The next time you hear that canard (and you will) pour yourself a single malt and dip into Carmen M. Reinhart and Kenneth S. Rogoff's landmark study, This Time Is Different. Wherever you open the book, you'll find proof that debt-fueled expansions have ended in financial ruin for hundreds of years... The result is a visual history laid out in beguilingly simple graphs and tables, making the book both definitive--a must read for professors and investors--and accessible to a wider audience.\"--James Pressley, Bloomberg News \"Carmen Reinhart and Kenneth Rogoff have delivered a powerful and eloquent statement... Reinhart and Rogoff have done an extraordinary job in putting together statistics on government debt--a task that economic historians should have done long ago but shied away from because of the difficulties of defining 'government', which is often complex and multi-layered.\"--Harold James, The American Interest \"Unlike prior narrative accounts of market panics from such finance writers as Charles Kindleberger and Edward Chancellor, Reinhart and Rogoff give us a data-driven study that is global in sweep but also a model of clarity. The authors package their notably nonhysterical analysis of the latest crisis in a large, self-contained section of the book inviting harried readers to skip right ahead to it.\"--Daniel Akst, CNNMoney.com \"A tour de force of quantitative analysis covering financial crises affecting 66 countries over the past 800 years, the book identifies pre-crisis patterns that recur with eerie consistency. This Time is Different is a must-read for anyone on the lookout for canaries in coal mines.\"--Barron's \"This is certainly one of the must-read books of the year.\"--Arnold Kling, Econlog.com \"Rogoff and Reinhart ... provide an eye-opening look at the cycles of boom and bust and how governments deal with those cycles.\"--Arkansas Business \"[A] valuable new book.\"--Idaho Statesman \"Having studied mountains of economic data during the past eight centuries, the authors insightfully point out the highly repetitive nature of financial crises resulted from a dangerous mix of hubris, euphoria and amnesia.\"--Shanghai Daily \"This Time is Different ... is an unusually powerful bull detector designed to protect investors and taxpayers alike--eventually, at least, and provided the spirit is willing... The book's most memorable passages--what the authors call its 'core life'--are to be found not in colorful stories about long-ago personalities, but rather in its various tables and figures. They take some time to comprehend, but any responsible citizen can and ought to consider they evidence they present. It is overwhelming.\"--David Warsh, Harvard Magazine \"Financial folly, economists Carmen Reinhart and Kenneth Rogoff show in this groundbreaking book, knows no boundaries and has no expiration date... For a book built around numbers, This Time is Different makes for surprisingly good reading. The authors are well aware that human nature is at the heart of the disasters they document, and they enliven the text with brief and amusing accounts of charlatans and cheats.\"--Paul Wiseman, USA Today \"The credit crunch of 2007 became the financial crash of 2008 and the recession of 2009. But there has been much debate about the scale of this crisis, and how it ranks against previous events. Reinhart and Rogoff have produced the most detailed study yet of financial crises, going back as far as 12th-century China... [This Time is Different] will be a vital source of reference in debates on the causes and consequences of financial crises. By cataloguing so thoroughly every known instance of financial crisis, it performs a significant service and opens up new lines of inquiry.\"--Andrew Gamble, New Statesman \"[T]his is the kind of economics we desperately need, as it is relevant, fact-based and replete with wisdom from the past--and lessons for the future.\"--Irish Times \"For those who want to relearn the forgotten lessons of the past, This Time is Different, by economics professors Carmen Reinhart and Kenneth Rogoff, is an excellent place to start... These are lessons worth learning.\"--Liaquat Ahamed, National Interest \"This book's distinctive strength is that it's built around a massive international database going back as far as twelfth-century China and medieval Europe.\"--Harvard Business Review \"[S]uperb.\"--Neil Reynolds, Globe \u0026amp; Mail \"Reinhart and Rogoff have compiled an encyclopedic analysis of the history of financial crises over the last 750 years. But their volume is not merely of historical interest. Rather, it has great relevance for anyone interested in understanding how the current financial crisis is likely to unfold.\"--Choice \"Reinhart and Rogoff present a sobering reminder that financial crises are a serial phenomenon--caused in no small part by the seductive 'this-time-is-different syndrome,' the prevalent belief that to us, here and now, old economic laws of motion no longer apply. Their ambitious quantitative history of financial crises draws out sweeping parallels between financial crises, across times and continents; and between inflating away domestic debt, currency debasements, and defaults on external debt.\"--Finance \u0026amp; Development \"[I]nstant classic tome on debt crises.\"--Alen Mattich, Dow Jones Newswires \"[A]wesome.\"--William Easterly, AidWatch \"One book in particular has been circulating among economists and market insiders. This Time is Different analyzes vast amounts of historical data on financial debacles, including state failures around the world, bank crises, currency woes and high inflation. The title satirizes those who fail to learn from past blunders and repeat them while insisting, 'This time is different.'\"--Hideo Tsuchiya, Nikkei Weekly \"Reinhart and Rogoff have produced a splendid book detailing the massive self-destructive behavior that all states have been undergoing over the past several centuries... Reading this excellent book on the paths of previous economic cycles could help avoid some of the worst results of our self-destructive financial acts.\"--Lloyd Demause, Journal of Psychohistory \"Anyone looking for a more academic take on where this meltdown places in the history of financial folly should turn to This Time is Different, a magisterial work on the causes and consequences of crises stretching back 800 years.\"--Matthew Valencia, Economist.com \"I couldn't put it down until I had gone all the way through it, and then I immediately ordered it as an assigned text for my Spring 2010 MBA course, 'The Development of Financial Institutions and Markets.' My students are finding it useful and engaging.\"--Richard Sylla, EH.Net \"Easily the most useful, and arguably the best, is this splendid piece of research and analysis on, as the subtitle says, 800 years' worth of booms and busts.\"--Bill Emmott, Survival \"This Time Is Different changes the way we can study financial crises. It is the start of a truly comprehensive approach to the subject... It adds new ideas that will be useful for gauging the risk of future crises and perhaps even reducing their impact, if investors and policymakers are willing to learn from other people's mistakes, not just their own mistakes.\"--Kurt Schuler, CATO Journal \"[T]he book will be essential reading for anyone who wants to put the recent crisis into some historical perspective--and get some ideas on how to prevent, or at least delay, the next one.\"--David Orrell, Foresight \"It's the only book I have seen that provides, with great detail and over 800 years, clearly defined, analytical, data-driven evidence of what the impact of a post-financial crisis period is and hence what we can anticipate... I've never seen anything that comes close in terms of being comprehensive. It's a tour de force.\"--Dambisa Moyo, The Browser \"[T]his Time is Different [is a] landmark work on financial crises.\"--Megan McArdle, TheAtlantic.com \"Readable, shocking, and vital, this is a book that every investor who has been tempted by a hefty interest rate in a faraway land should study.\"--Andrew Allentuck, National Post \"[This Time is Different] is perhaps the finest study of financial crises ever published.\"--Ezra Klein, Washington Post \"[A] modern classic... In their landmark study of hundreds of financial crises in 66 countries over 800 years, Reinhart and Rogoff find oft-repeated patterns that ought to alert economists when trouble is on the way. One thing stops them waking up in time: their perpetual belief that 'this time is different.'\"--Ross Gittins, Sydney Morning Herald \"[S]eminal.\"--Rana Faroohar and Bill Saporito, Time \"[T]he pre-eminent history of financial crises.\"--Adam Davidson, New York Times Magazine \"The book by Reinhart and Rogoff is one for the ages, and it will be remembered as a landmark event, not least given the coincidence of its publication of such a deep and broad historical analysis of economic crises with the very moment when the world was entering a massive 'hundred year flood' type of calamity. The authors' empirical work is encyclopedic and much of the data are highly original and the result of intense effort. The necessary theoretical framing is provided, but in terms that all target readers should be able to absorb. The overall view is panoramic and the message carried is an important one for all to hear--policymakers, commentators, and researchers. Crises are still with us, they are very painful indeed, and perhaps it will always be so. It is up to us to figure out why and how crises happen, and to figure out what, if anything, can and should be done to mitigate their devastating effects in future. This book is therefore, above all, a call to action.\"--Journal of Economic Literature \"[E]conomists Carmen Reinhart and Kenneth Rogoff take a much-needed longer view, placing the current crisis, with a focus on the U.S. housing bubble, into historical perspective.\"--Anil Hira, Perspectives on Politics \"Reinhart and Rogoff's book belongs to the tradition of studies that appear in the middle of a crisis but it manages to keep its spine above water because of its historical depth and systematic rigour.\"--Sakis Gekas, Dublin Review of Books\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eLIST OF TABLES xiii  LIST OF FIGURES xvii  LIST OF BOXES xxiii  PREFACE xxv  ACKNOWLEDGMENTS xxxvii  PREAMBLE: SOME INITIAL INTUITIONS ON FINANCIAL FRAGILITY AND THE FICKLE NATURE OF CONFIDENCE xxxix      PART I: Financial Crises: An Operational Primer 1  Chapter 1: Varieties of Crises and Their Dates 3  Crises Defined by Quantitative Thresholds: Inflation, Currency Crashes, and Debasement 4  Crises Defined by Events: Banking Crises and External and Domestic Default 8  Other Key Concepts 14  Chapter 2: Debt Intolerance: The Genesis of Serial Default 21  Debt Thresholds 21  Measuring Vulnerability 25  Clubs and Regions 27  Reflections on Debt Intolerance 29  Chapter 3: A Global Database on Financial Crises with a Long-Term View 34  Prices, Exchange Rates, Currency Debasement, and Real GDP 35  Government Finances and National Accounts 39  Public Debt and Its Composition 40  Global Variables 43  Country Coverage 43      PART II: Sovereign External Debt Crises 49  Chapter 4: A Digression on the Theoretical Underpinnings of Debt Crises 51  Sovereign Lending 54  Illiquidity versus Insolvency 59  Partial Default and Rescheduling 61  Odious Debt 63  Domestic Public Debt 64  Conclusions 67  Chapter 5: Cycles of Sovereign Default on External Debt 68  Recurring Patterns 68  Default and Banking Crises 73  Default and Inflation 75  Global Factors and Cycles of Global External Default 77  The Duration of Default Episodes 81  Chapter 6: External Default through History 86  The Early History of Serial Default: Emerging Europe, 1300-1799 86  Capital Inflows and Default: An \"Old World\" Story 89  External Sovereign Default after 1800: A Global Picture 89      PART III: The Forgotten History of Domestic Debt and Default 101  Chapter 7: The Stylized Facts of Domestic Debt and Default 103  Domestic and External Debt 103  Maturity, Rates of Return, and Currency Composition 105  Episodes of Domestic Default 110  Some Caveats Regarding Domestic Debt 111  Chapter 8: Domestic Debt: The Missing Link Explaining External Default and High Inflation 119  Understanding the Debt Intolerance Puzzle 119  Domestic Debt on the Eve and in the Aftermath of External Default 123  The Literature on Inflation and the \"Inflation Tax\" 124  Defining the Tax Base: Domestic Debt or the Monetary Base? 125  The \"Temptation to Inflate\" Revisited 127  Chapter 9: Domestic and External Default: Which Is Worse? Who Is Senior? 128  Real GDP in the Run-up to and the Aftermath of Debt Defaults 129  Inflation in the Run-up to and the Aftermath of Debt Defaults 129  The Incidence of Default on Debts Owed to External and Domestic Creditors 133  Summary and Discussion of Selected Issues 136      PART IV: Banking Crises, Inflation, and Currency Crashes 139  Chapter 10: Banking Crises 141  A Preamble on the Theory of Banking Crises 143  Banking Crises: An Equal-Opportunity Menace 147  Banking Crises, Capital Mobility, and Financial Liberalization 155  Capital Flow Bonanzas, Credit Cycles, and Asset Prices 157  Overcapacity Bubbles in the Financial Industry? 162  The Fiscal Legacy of Financial Crises Revisited 162  Living with the Wreckage: Some Observations 171  Chapter 11: Default through Debasement: An \"Old World Favorite\" 174  Chapter 12: Inflation and Modern Currency Crashes 180  An Early History of Inflation Crises 181  Modern Inflation Crises: Regional Comparisons 182  Currency Crashes 189  The Aftermath of High Inflation and Currency Collapses 191  Undoing Domestic Dollarization 193      PART V: The U.S. Subprime Meltdown and the Second Great Contraction 199  Chapter 13: The U.S. Subprime Crisis: An International and Historical Comparison 203  A Global Historical View of the Subprime Crisis and Its Aftermath 204  The This-Time-Is-Different Syndrome and the Run-up to the Subprime Crisis 208  Risks Posed by Sustained U.S. Borrowing from the Rest of the World: The Debate before the Crisis 208  The Episodes of Postwar Bank-Centered Financial Crisis 215  A Comparison of the Subprime Crisis with Past Crises in Advanced Economies 216  Summary 221  Chapter 14: The Aftermath of Financial Crises 223  Historical Episodes Revisited 225  The Downturn after a Crisis: Depth and Duration 226  The Fiscal Legacy of Crises 231  Sovereign Risk 232  Comparisons with Experiences from the First Great Contraction in the 1930s 233  Concluding Remarks 238  Chapter 15: The International Dimensions of the Subprime Crisis:  The Results of Contagion or Common Fundamentals? 240  Concepts of Contagion 241  Selected Earlier Episodes 241  Common Fundamentals and the Second Great Contraction 242  Are More Spillovers Under Way? 246  Chapter 16: Composite Measures of Financial Turmoil 248  Developing a Composite Index of Crises: The BCDI Index 249  Defining a Global Financial Crisis 260  The Sequencing of Crises: A Prototype 270  Summary 273      PART VI: What Have We Learned? 275  Chapter 17: Reflections on Early Warnings, Graduation, Policy Responses, and the Foibles of Human Nature 277  On Early Warnings of Crises 278  The Role of International Institutions 281  Graduation 283  Some Observations on Policy Responses 287  The Latest Version of the This-Time-Is-Different Syndrome 290      DATA APPENDIXES 293  A.1. Macroeconomic Time Series 295  A.2. Public Debt 327  A.3. Dates of Banking Crises 344  A.4. Historical Summaries of Banking Crises 348  NOTES 393  REFERENCES 409  NAME INDEX 435  SUBJECT INDEX 443","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":48865526022487,"sku":"9780691152646","price":18.04,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780691152646.jpg?v=1722274392"},{"product_id":"the-subprime-solution-9780691156323","title":"The Subprime Solution","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe subprime mortgage crisis has already wreaked havoc on the lives of millions of people and now it threatens to derail the US economy and economies around the world. In this book, the author reveals the origins of this crisis and puts forward bold measures to solve it.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eRobert J. Shiller, Co-Winner of the 2013 Nobel Prize in Economics Winner of the 2009 Bronze Medal in Finance\/Investment\/Economics, Independent Publisher Book Awards Honorable Mention for the 2008 Award for Excellence in Business, Finance and Management, Association of American Publishers \"One man who does have some ideas is the Yale economist Robert Shiller, who would merit attention if only for the fact that he predicting the bursting of the Internet bubble, in 2000, with his book Irrational Exuberance, then discussed at length the dangers of systematic risk in his next, The New Financial Order. Now, in The Subprime Solution--published in [2008], after the start of the meltdown, but before the full scale of the disaster had become manifest--he comes up with a set of startlingly counterintuitive suggestions about what to do next.\"--John Lanchester, The New Yorker \"With The Subprime Solution, Robert J. Shiller offers his formula to protect us from repeating such disasters: more financial engineering. It would be easy to sneer at this idea, but Mr. Shiller, an economics professor at Yale University, always deserves a hearing... In what he describes as a 'brief manifesto,' Mr. Shiller argues that bailouts of distressed borrowers are inevitable to avoid wrecking our economy and shredding our social fabric--even though bailouts may punish the prudent (say, through higher taxes) while comforting those who gambled on real estate and lost.\"--James R. Hagerty, Wall Street Journal \"Irrational exuberance, or the 'social contagion of boom thinking,' is ... the subject of Shiller's new book, The Subprime Solution, a slim but valuable addition to the growing literature on the ongoing collapse of the housing market.\"--Max Fraser, The Nation \"In The Subprime Solution, [Shiller] briskly sketches out his views on both short-term and long-term strategies for dealing with a housing meltdown that's left millions of Americans a lot less wealthy--and an unfortunate number at risk for losing their homes... The book's most compelling discussion centers on the long-term opportunities that lie in this crisis. Shiller describes how key parts of America's financial system--the Federal Reserve, the Securities and Exchange Commission, and the FDIC, to name only three--were created in the reforms after earlier bank crises or the Great Depression... Shiller suggests that political leaders should look at the current crisis as an opportunity to rethink the homebuying process and add new protections to keep homeowners from getting in over their heads during a future bubble.\"--Daniel McGinn, Newsweek.com \"Yale University's Robert Shiller is one of the world's outstanding economic thinkers and intellectual innovators, with a record of foresight that is the envy of his profession... His short, snappy and surprisingly far-reaching book on the subprime crisis is as interesting and indispensible as you would expect... The Subprime Solution is an ambitious little volume... It covers a remarkable amount of ground in less than 200 pages... [T]he book's broad framing of the issues is novel and valuable, and its arguments are always stimulating... Shiller ... is an ardent financial-technology optimist, and his book is a torrent of fascinating ideas. Anybody interested in the subject must profit from reading it.\"--Clive Crook, Financial Times \"In his new book, The Subprime Solution, the Yale University professor sounds an alarm that the credit crunch, now early in its second year, poses a dire risk. His text is a stimulating, rapid response to current events--and a forceful demand for dramatic action from Washington, where, he says, the White House and Congress have been 'totally inadequate' to the task... [A] storehouse of valuable, provocative ideas awaits the reader of The Subprime Solution.\"--Christopher Farrell, BusinessWeek \"[The Subprime Solution is] a lucid primer on how we slipped into this money pit and what it might take to clamber out of it... Shiller is sometimes called a Cassandra, and his prophesies about the dot-com and housing bubbles did come true. Yet in these pages he sounds more like a visionary optimist who considers today's emergency to be a grand opportunity.\"--James Pressley, Bloomberg News \" [I]t's an interesting book... [S]hiller convinced me ... that bailing out banks and borrowers who've been clobbered might be the right thing to do.\"--Dan Pink, danpink.com \"Robert J. Shiller explains how trillions of dollars of mortgage debt, based on dubious loans to doubtful borrowers, were forfeited and how it can be fixed. An influential economist, he offers insights into the growth of the credit bubble and solutions for curing the ensuing chaos... Shiller's reputation in economics, his majestic prose style, his statistical proofs and his vast coterie of admirers suggest that at least some of his recommendations will become part of U.S. mortgage regulation... For those who want to figure out how to fix the global credit crisis that has developed as a result of Americans' inability or unwillingness to read their mortgage contracts, The Subprime Solution is vital reading. It is advocacy built on faith that government does good, that intervention never produces unintended results and that there is no other way to fix the mortgage mess.\"--Andrew Allentuck, The Globe \u0026amp; Mail \"What sets Shiller apart--brilliantly apart--from other analysts of the housing bubble are the sharpness of his diagnoses and the creativity of his solutions. These are the core of his excellent new book, The Subprime Solution... [A] brilliant and radical--but not implausible--perspective on putting the Humpty Dumpty that is American finance together again.\"--Arvind Subramanian, Forbes.com \"In The Subprime Solution, which he wrote just as the system was beginning to implode, he says that what is needed now is the next stage of financial innovation, not constriction...He also sees government intervention as vital to channel animal spirits and innovation...In essence, Shiller is laying the intellectual groundwork for the next financial revolution.\"--Zachary Karabell, Newsweek \"In The Subprime Solution, he argues that what united the missteps by the Federal Reserve, mortgage brokers, Wall Street bankers, and home buyers that together brought on the current financial mess was a shared belief that house prices never go down. What's the antidote to that kind of mass delusion? Shiller seems to have no interest in substituting his judgment, or the government's, for the market's. Instead, he sees information and innovation as the counter to group think.\"--Justin Fox, Time \"Robert J. Shiller's clear-eyed look at what happened in the U.S. housing market--and what might be done about it--is not keen to attribute blame to the actors in the drama. He explains that the development of subprime mortgages in the Nineties was welcomed as a way of extending home ownership to those once locked out of the market, and it was not the dishonesty of the mortgage lenders, or the greed of bankers, that led to the bubble. There was dishonesty and greed, but these were the result of the bubble, not its cause.\"--Tim Worstall, The Telegraph \"American optimism: Is there any investment bubble it can't fuel? Consider the excesses of the housing market, the effects of which are roiling the global economy. As Yale University economist Robert Shiller demonstrates in his short, whip-smart new book The Subprime Solution, there was a contagion at work that helped pushed home prices to unsustainable levels... Shiller's views are grounded in exhaustive research and penetrating analysis. The Subprime Solution should be read by anyone with assets at risk in the global financial crisis and a desire to fix things ahead of the next crisis. Which is to say, all of us.\"--Robert Elder, Austin American-Statesman \"Robert Shiller's got an argument that will make some peoples' heads explode in his new book The Subprime Solution--we need more speculation in the housing market... I said above that this solution will make some peoples' heads explode, that the solution to an excess of speculation is to create a market in yet more speculation. Yet in this case ti is indeed true, this is a valid solution.\"--Tim Worstall, The Register \"[The Subprime Solution] is short, punchy and political. Shiller is a top-flight academic economist who has often warned of the tendency of markets towards irrational exuberance, and of the harmful consequences that follow. He is rightly scathing towards the 'boosters' who kept assuring us that house prices only rise, and he gains authority for having spoken out during the boom, when it was an unpopular position to hold... Shiller's debunking of house price myths is masterful. Especially important is his rubbishing of the concept of scarcity ... Shiller's explanations are sophisticated and intelligent, and they are also admirably clear.\"--Michael Savage, Fund Strategy \"The Subprime Solution, his postmortem on irrational exuberance in the real estate market, is superb, even for general-interest readers otherwise confused by the whole mess. Though his introduction reads a bit like an arid position paper, his insistence on the fundamentally psychological, rather than economic, basis of the boom is supple and fascinating.\"--Andrew Rosenblum, New York Observer \"If you're unfamiliar with Robert Shiller then understand that he is perhaps the most eminent and considered examiner of modern investment bubbles... Shiller's new book, The Subprime Solution, is a concise attempt to elaborate in just seven short chapters the genesis of the housing bubble, explode its myths, explore its scale and the dangers of its deepening impact, assert the need to maintain confidence in our economic and financial institutions by aggressive action, and then explore longer-term, more fundamental reforms and innovations that will create a population much more attuned to economic risk... There are many more recommendations, but if this book has the ambition of Keynes' earlier work, and the scale of the problem is as suggested, I'd argue that the book is as accessible as you are going to get from such a modern behavioural economics guru. It's a book that everyone who lives in a house should own; just don't buy ten and try to rent them out to friends.\"--The Knackered Hack \"In his latest work, The Subprime Solution, Shiller explains that greater financial 'democracy' and a 'contagion of ideas' led many to conclude a 'new era' had been reached in real estate. The public expected prices to rise continually. Worse, Shiller wrote: 'The very people responsible for oversight were caught up in the same high expectations for future prices.'... Shiller's The Subprime Solution is well worth the read for individuals and private enterprise looking to understand current real estate bubble. It should be required reading for public policy makers who need to take immediate action to solve the subprime crisis.\"--John Fout, TheStreet.com \"Like the financial bubble in technology stocks that exploded in 2000, real estate investors acted on unrealistic assumptions that prices could only go up. In the aftermath, Shiller's recommendation to policy makers is 'Mend It, Don't End It.' He advises regulatory modifications and greater financial disclosure from all players in the complex mortgage-banking process.\"--Kevin G. Hall, McClatchy Newspapers \"In [The Subprime Solution], he provides the ignoramuses on Wall Street, asleep-at-the-switch regulators and dumbfounded investors worried about their savings with a stark insight to digest over the last two weeks of summer: 'We as a society do not understand or know how to deal with speculative bubbles.'\"--Robert Lenzner, Forbes.com \"In his now-famous 2005 book, Irrational Exuberance, Second Edition, Yale professor and economist Robert Shiller predicted a boom and bust in real estate would have terrifying global ramifications. He was mocked by realtors, but global bank failures and the bailout of Fannie Mae and Freddie Mac have proved him dead on. Now Shiller strikes again with The Subprime Solution, his suggestion for sweeping economic reform to get us out of this mess.\"--Katie Benner, Fortune \"While initially providing a short and concise understanding of the subprime fiasco, Shiller goes on to investigate the various financial collapses over the years and the history of recent housing arrangements, searching for clues that might inspire a universal remedy to our current predicament... Along the way, the narrative, which skips along without being fussy or intrusive, also emphasises the characteristics, psychology and lifespan of the bubble--be it financial, IT or housing--and how the way we've changed the way we think 'is the deepest cause' of the current variant of the malignancy.\"--Paul O'Doherty, The Investor \"[Shiller] offers a primer on the history of home prices, roots of subprime lending and a road map of what to do now. The book is at its best when explaining how so few in authority imagined what has come to pass. Shiller says they were filled with same housing boom faith held by the public.\"--Jim Wasserman, The Sacramento Bee \"In his latest book, The Subprime Solution, he briefly but deftly dissects how easy credit, lack of government oversight and human behavior allowed the subprime bubble to inflate. Shiller's understanding of human behavior is the book's genius, both in the diagnosis and the proposed cures.\"--Robert Frick, Kiplinger's \"For a closer examination of the crisis, there's The Subprime Solution by Yale University economist Robert J. Shiller, the bestselling author of Irrational Exuberance. In his new book, Shiller focuses more tightly on the stock market bubble of the 1990s and the housing bubble of the last seven years, which led lenders to loosen requirements for loans and resell these questionable loans in the subprime market. He shows how the bubble, when overheated housing prices cooled and asset values fell, burst and led directly to the subprime mortgage crisis that torpedoed the credit markets and with them stock markets worldwide.\"--Geeta Sharma-Jensen, Milwaukee Journal-Sentinel \"In this slim volume, Shiller not only describes the problem but also places equal emphasis on various proposals to correct it. Rather than viewing the subprime meltdown and credit contraction as a handwringing crisis, he sees it as an opportunity to initiate institutional reforms that will ensure against repeat failures and extend opportunities for home ownership... An important, timely book.\"--E.L. Whalen, Choice \"Reading Shiller also makes me optimistic. Ever the contrarian, he's convinced that, used properly, the new financial technologies that have such a bad name right now will make us all much better off in the long run. In particular, he's working on ways ordinary folk can get out from under the now standard but truly bizarre investment custom in which most of us sink most of our net worth into a single piece of real estate. What kind of sensible diversification is that? What Shiller proposes is the market-led 'democratization of finance.' Coming from anyone else you'd think it was a scam. But read his book and you'll end up feeling strangely optimistic, despite the enveloping gloom.\"--William Watson, Montreal Gazette \"The Subprime Solution is an easy read at less than 200 pages. People seeking to understand the cause of the housing bubble, and those wanting to consider short- and long-term solutions would be well-served reading it.\"--Bill Freehling, Fredricksburg Free Lance-Star \"The book is not so much an analysis of the subprime crisis as an essay that ruminates on the genesis and evolution of financial bubbles in general and housing bubbles in particular. Shiller believes correctly that economists, in their emphasis on rational decision-making, have confused desired outcomes with actual outcomes--and have paid far too little attention to the reality of swings in social sentiments that can move market prices far from sustainable levels.\"--Richard N. Cooper, Foreign Affairs \"This is an important book from a distinguished academic... The book offers a coherent alternative to policy makers. They should consider its recommendations very seriously.\"--Shamik Dhar, The Business Economist \"[T]his is an exciting book that is to be read under the current market condition. It provides us some hope of correcting the existing problems, so as to have a brighter future.\"--Ye Xu, Journal of Property Investment \u0026amp; Finance \"Policymakers, and students of financial history, money and macroeconomics, will find much of value in Shiller's assessment of the subprime debacle.\"--Oscar T. Brookins, Eastern Economic Journal\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface to the Paperback Edition ix  Acknowledgments xxv  Chapter 1 Introduction 1  Chapter 2 Housing in History 29  Chapter 3 Bubble Trouble 39  Chapter 4 The Real Estate Myth 69  Chapter 5 A Bailout by Any Other Name 87  Chapter 6 The Promise of Financial Democracy 115  Chapter 7 Epilogue 171  Index 179","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":48865528021335,"sku":"9780691156323","price":12.34,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780691156323.jpg?v=1722274400"},{"product_id":"a-crash-course-on-crises-9780691221106","title":"A Crash Course on Crises","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"A Financial Times Best Book of the Year: Economics\"\u003cbr\u003e\"'Economies sometimes go through macro-financial crises.' Indeed, they do, as we have so painfully learned in recent decades. In this excellent and blessedly brief book, two distinguished scholars bring students and busy professionals up to date on the best thinking about how these crises originate and unfold and how policymakers need to respond. A valuable guide for those who need to understand what contemporary economics has to say on this vital topic.\"\u003cb\u003e---Martin Wolf, \u003ci\u003eFinancial Times\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\"A must-read.\"\u003cb\u003e---Ashoka Mody, \u003ci\u003eProject Syndicate\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\"\u003ci\u003eA Crash Course on Crises\u003c\/i\u003e packs a serious punch, covering a substantial amount of theoretical ground illustrated by real-world examples drawn from four continents and almost 100 years.\"\u003cb\u003e---Anjalika Badalai, \u003ci\u003eSociety of Professional Economists\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\"Designed as both a complement to existing macroeconomic textbooks and a present-day primer for policymakers, [\u003ci\u003eA Crash Course on Crises\u003c\/i\u003e] is brief, direct and accessible. It will likely adorn the reading lists of financial economics courses for years to come.\"\u003cb\u003e---Rémi Meehan, \u003ci\u003eInternational Affairs\u003c\/i\u003e\u003c\/b\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":48865550172503,"sku":"9780691221106","price":27.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780691221106.jpg?v=1722274515"},{"product_id":"revenge-capitalism-the-ghosts-of-empire-the-demons-of-capital-and-the-settling-of-unpayable-debts-9780745340562","title":"Revenge Capitalism  The Ghosts of Empire the","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eCapitalism has become a system of economic revenge, meted out against oppressed populations around the globe.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e'Perhaps the most theoretically creative radical thinker of the moment'\u003c\/p\u003e -- David Graeber, author of 'Debt: The First 5000 Years'\u003cbr\u003e\u003cp\u003e'Max Haiven retraces the roots of the current regression, of the reactionary trend that is driving the world toward a new darkness. These roots are humiliation and revenge. In my opinion, this book is of strategic importance'\u003c\/p\u003e -- Franco Berardi, author of 'Futurability: The Age of Impotence and the Horizon of Possibility'\u003cbr\u003e\u003cp\u003e'A deeply learned debt warrior, Haiven lays bare the abject cruelty of financial capitalism, and provides us with a rich supply of sources and arguments for a fightback that gives as good as it takes'\u003c\/p\u003e -- Andrew Ross, author of 'Creditocracy and the Case for Debt Refusal'\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eList of figures \u003cbr\u003e Acknowledgments\u003cbr\u003e Preface\u003cbr\u003e Introduction: we want revenge\u003cbr\u003e 1. Toward a materialist theory of revenge \u003cbr\u003e Interlude: Shylock’s vindication, or Venice’s bonds? \u003cbr\u003e 2. The work of art in an age of unpayable debts: social reproduction, geopolitics, and settler colonialism \u003cbr\u003e Interlude: Ahab’s coin, or Moby Dick’s currencies? \u003cbr\u003e 3. Money as a medium of vengeance: colonial accumulation and proletarian practices \u003cbr\u003e Interlude: Khloé Kardashian’s revenge body, or the Zapatisa nobody? \u003cbr\u003e 4. Our Opium Wars: pain, race, and the ghosts of empire \u003cbr\u003e Interlude: V's vendetta, or Joker's retribution? \u003cbr\u003e 5. The dead zone: financialized nihilism, toxic wealth, and vindictive technologies \u003cbr\u003e Conclusion: revenge fantasy or avenging imaginary? \u003cbr\u003e Coda: 11 theses on revenge capitalism \u003cbr\u003e Postscript: after the pandemic – against the vindictive normal \u003cbr\u003e Notes \u003cbr\u003e Index\u003c\/p\u003e","brand":"Pluto Press","offers":[{"title":"Default Title","offer_id":48865700151639,"sku":"9780745340562","price":18.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780745340562.jpg?v=1722275166"},{"product_id":"anticrisis-9780822355274","title":"AntiCrisis","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eTaking the so-called subprime mortgage crisis as her case study, Janet Roitman analyzes \"crisis\" as a narrative device, explaining how the term enables some narratives and questions while foreclosing others.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e“One of the great strengths of Roitman’s book is that by analysing how we come to view certain events as being indications of a ‘crisis’, she also sheds light on the way we construct our notion of ‘normalcy.’  . . . \u003ci\u003eAnti-Crisis\u003c\/i\u003e is clearly the product of a serious attempt to think outside the usual academic boxes, and as such it deserves much praise. It is to Roitman’s credit, and to the reader’s benefit, that she largely succeeds in her aim to illuminate the notion of crisis as an object of knowledge.” -- Luke McDonagh * LSE Review of Books *\u003cbr\u003e“\u003ci\u003eAnti-Crisis\u003c\/i\u003e is an engaging, timely, and provocative critical analysis of contemporary crisis narratives. It does work that few others have undertaken by plumbing the roots of crisis as a historico-philosophical concept and approaching its narration as a discursive tool for the defense of the status quo and the interests animating it. Roitman does a superb job of excavating and analyzing the technical practices that allowed for what were at one moment regarded as legitimate and lucrative practices of debt capitalization to be transfigured in the next moment into toxic obligations requiring public bailouts in order to rescue the world as we know it.” -- Alex Khasnabish * Anthropological Quarterly *\u003cbr\u003e“Roitman’s book fulfills multiple timely and important tasks. . . . Roitman therefore calls attention to the contingent practices which constitute normality as institutional legitimacy. . . . The merit of this perspective is that it restores politicality both in and beyond crisis conditions.” -- Sascha Engel * New Political Science *\u003cbr\u003e“\u003ci\u003eAnti-Crisis\u003c\/i\u003e draws our attention to a range of key issues in social theory: critique and crisis are cognates whereby crisis is necessary for the enunciation of critique and that crisis may be understood as a blind spot that regulates narratives about contemporary history—enabling and disenabling certain questions. Ultimately, Roitman’s elaboration of crisis is significant insofar as it is understood, not as a condition, but as an observation about history that generates meanings — meanings that are contested and the product of particular ideological vantage points.” -- Jude Fokwang * Anthropology of Southern Africa *\u003cbr\u003e“The book offers important insights for ethnography insofar as crisis is either a backdrop for many ethnographic projects. . . . Furthermore, our discipline’s increasing focus on problems rather than ethnoi will require anthropologists to reflect carefully on articulations of crisis. Conceptual work is delicate business, which Roitman handles with aplomb. Anti-Crisis offers an important caution for those engaged in ethnographic work: fieldworkers should be attentive to the overlaps and differences between the concepts used by participants in research and the concepts deployed in analysis.” -- Daromir Rudnyckyj * American Ethnologist *\u003cbr\u003e\"An immensely rich, atypical and inspiring account of the calculus of crisis.\" -- Radman Selmic * Journal of Cultural Economy *\u003cbr\u003e\"Well written and provocative, \u003ci\u003eAnti-Crisis\u003c\/i\u003e makes a great contribution to conceptual anthropology. By dislodging a key term in contemporary critical theories, it poses an exciting challenge to scholars within and beyond the discipline, at the same time reasserting anthropology’s broader intellectual relevance.\" -- Amalia Sa’ar * American Anthropologist *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eAcknowledgments xi\u003cbr\u003e Introduction. What Is at Stake? 1\u003cbr\u003e 1. Crisis Demands 15\u003cbr\u003e Judgment Day \u003cbr\u003e The Moral Demand \u003cbr\u003e The Test \u003cbr\u003e 2. Crisis Narratives 41\u003cbr\u003e Bubbles \u003cbr\u003e Houses \u003cbr\u003e Finance \u003cbr\u003e Subjects \u003cbr\u003e 3. Crisis: Refrain! 71\u003cbr\u003e Noncrisis Narrations \u003cbr\u003e The Crisis that does not Obtain \u003cbr\u003e Conclusion: Dreams 91\u003cbr\u003e Notes 97\u003cbr\u003e References 133\u003cbr\u003e Index 153\u003cbr\u003e","brand":"Duke University Press","offers":[{"title":"Default Title","offer_id":48866012332375,"sku":"9780822355274","price":17.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780822355274.jpg?v=1722276618"},{"product_id":"global-economic-crisis-9780973714739","title":"Global Economic Crisis","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e","brand":"Global Research, Centre for Research on Globalization","offers":[{"title":"Default Title","offer_id":48866218279255,"sku":"9780973714739","price":17.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780973714739.jpg?v=1722277631"},{"product_id":"principles-for-navigating-big-debt-crises-9781398520905","title":"Principles for Navigating Big Debt Crises","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eRay Dalio, the legendary investor and international bestselling author of \u003ci\u003ePrinciples \u003c\/i\u003e- whose books have sold more than five million copies worldwide - \u003c\/b\u003e\u003cb\u003eshares his unique template for how debt crises work and principles for dealing with them well. This template allowed his firm, Bridgewater Associates, to antic­ipate 2008’s events and navigate them well while others struggled badly.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e As he explained in his international best­seller \u003ci\u003ePrinciples\u003c\/i\u003e, Ray Dalio believes that almost everything happens over and over again through time, so that by studying patterns one can understand the cause-effect relationships behind events and develop principles for dealing with them well. In this three-part research series, he does just that for big debt crises and shares his template in the hopes of reducing the chances of big debt crises hap­pening and helping them be better managed in the future.\u003cbr\u003e\u003cbr\u003e The template comes in three","brand":"Simon \u0026 Schuster Ltd","offers":[{"title":"Default Title","offer_id":48866634269015,"sku":"9781398520905","price":36.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781398520905.jpg?v=1722279564"},{"product_id":"the-fund-ray-dalio-bridgewater-associates-and-the-unraveling-of-a-wall-street-legend-9781529075564","title":"The Fund: Ray Dalio, Bridgewater Associates and","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003e'The most explosive, mind-blowing business book I've ever read' \u003c\/b\u003e– Bradley Hope, \u003ci\u003eNew York Times \u003c\/i\u003ebestselling author of \u003ci\u003eBillion Dollar Whale\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e'Jaw-dropping . . . well-told, well-structured and exquisitely reported'\u003c\/b\u003e – \u003ci\u003eFinancial Times\u003c\/i\u003e book review\u003cbr\u003e\u003cbr\u003e\u003cb\u003eDiscover the unauthorized, unvarnished story of famed Wall Street hedge-fund manager Ray Dalio.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eWhen Ray Dalio, billionaire founder of Bridgewater Associates, the world's largest hedge fund, announced in October 2022 that he was stepping down from the company he founded forty-seven years ago, the news made headlines around the world. Dalio achieved worldwide fame thanks to a mystique of success cultivated in frequent media appearances, celebrity hobnobbing, and his bestselling book, \u003ci\u003ePrinciples\u003c\/i\u003e. In \u003ci\u003eThe Fund\u003c\/i\u003e, Rob Copeland draws on hundreds of interviews with those inside and around the firm to reveal what really goes on with Dalio and his cohorts behind closed doors.\u003cbr\u003e\u003cbr\u003eTracing more than fifty years of Dalio's leadership, \u003ci\u003eThe Fund\u003c\/i\u003e peels back the curtain to reveal a rarefied world of wealth and power, where former FBI director Jim Comey kisses Dalio's ring, recent Pennsylvania Senate candidate David McCormick sells out, and countless Bridgewater acolytes describe what it's like to work at this fascinating firm.\u003cbr\u003e\u003cbr\u003eDalio has stepped down from Bridgewater before; will the legacy of his Principles continue to chart the course of the firm? \u003ci\u003eThe Fund \u003c\/i\u003eprovides unique insight into the story of Dalio and Bridgewater, past, present and future.\u003cbr\u003e\u003cbr\u003e\u003cb\u003e'A taut, nonfiction thriller' \u003c\/b\u003e– Bryan Burrough, bestselling author of \u003ci\u003eBarbarians at the Gate\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e'Manages to both shock and entertain at the same time' \u003c\/b\u003e– Philipp Meyer, bestselling author of \u003ci\u003eAmerican Rust \u003c\/i\u003eand \u003ci\u003eThe Son\u003c\/i\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eThe most explosive, mind-blowing business book I've ever read - and the most fun, too -- \u003cb\u003eBradley Hope\u003c\/b\u003e, bestselling author of \u003ci\u003eBillion Dollar Whale\u003c\/i\u003e\u003cbr\u003eAt last, the era of the billionaire philosopher-king has a defining book. \u003ci\u003eThe Fund \u003c\/i\u003eis a taut, nonfiction thriller -- \u003cb\u003eBryan Burrough\u003c\/b\u003e, bestselling author of \u003ci\u003eBarbarians at the Gate\u003c\/i\u003e\u003cbr\u003eA classic American story about the most famous man on Wall Street - or the person he seems to be. \u003ci\u003eThe Fund \u003c\/i\u003emanages to both shock and entertain at the same time -- \u003cb\u003ePhilipp Meyer\u003c\/b\u003e, bestselling author of \u003ci\u003eAmerican Rust \u003c\/i\u003eand \u003ci\u003eThe Son\u003c\/i\u003e\u003cbr\u003eJaw-dropping . . . well-told, well-structured and exquisitely reported -- \u003cb\u003e\u003ci\u003eFinancial Times \u003c\/i\u003e\u003c\/b\u003ebook review\u003cbr\u003eA terrific dagger of a book, packed with cringey detail, just long enough to efficiently disembowel its subject. For anyone who has had an awful boss, \u003ci\u003eThe Fund\u003c\/i\u003e is the perfect rage-read -- Mark Gimein, reviewing for the \u003ci\u003e\u003cb\u003eNew York Times\u003c\/b\u003e\u003c\/i\u003e\u003cbr\u003eExplosive . . . rivetingly chronicles a traumatic social experiment in which hundreds of America’s sharpest Ivy League finance alums unwittingly became ensnared -- Ben Naparstek, reviewing for \u003ci\u003e\u003cb\u003eThe Australian\u003c\/b\u003e\u003c\/i\u003e\u003cbr\u003eEye-opening...[teaches us] to be more sceptical about investment and management gurus -- \u003ci\u003e\u003cb\u003eMoneyWeek \u003c\/b\u003eBook of the Month \u003c\/i\u003ereview (December 2023)\u003cbr\u003eThe best thing I read in 2023 -- \u003cb\u003eRobin Wigglesworth\u003c\/b\u003e, bestselling author of \u003ci\u003eTrillions\u003c\/i\u003e, writing for the \u003cb\u003eFinancial Times\u003c\/b\u003e' Best of Further Reading list (2023)","brand":"Pan Macmillan","offers":[{"title":"Default Title","offer_id":48867497902423,"sku":"9781529075564","price":18.7,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781529075564.jpg?v=1722283563"},{"product_id":"when-the-dust-settles-the-sunday-times-bestseller-a-marvellous-book-rev-richard-coles-9781529358285","title":"When the Dust Settles: THE SUNDAY TIMES","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eWhen a plane crashes, a bomb explodes, a city floods or a pandemic begins, Lucy Easthope's phone starts to ring...\u003c\/b\u003e\u003cbr\u003e\u003cb\u003e________________\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTHE \u003ci\u003eSUNDAY TIMES\u003c\/i\u003e BESTSELLER AND \u003c\/b\u003e\u003cb\u003e\u003ci\u003eRADIO 4\u003c\/i\u003e BOOK OF THE WEEK\u003c\/b\u003e\u003cbr\u003e\u003cb\u003ePROFILED IN THE \u003ci\u003eNEW YORKER\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eCHOSEN AS A BOOK OF THE YEAR BY THE \u003ci\u003eTELEGRAPH \u003c\/i\u003eAND THE \u003ci\u003eNEW STATESMAN\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eAS FEATURED ON THE HIGH PERFORMANCE PODCAST AND FULL DISCLOSURE WITH JAMES O'BRIEN \u003cbr\u003e \u003c\/b\u003e\u003cbr\u003e\u003cb\u003e\"Mixes disaster-grade C.S.I. with \u003ci\u003ehiraeth\u003c\/i\u003e\u003c\/b\u003e\u003cb\u003e, a Welsh word expressing a deep longing for something that is gone\" \u003c\/b\u003e\u003ci\u003eNEW YORKER\u003c\/i\u003e\u003cbr\u003e\u003cb\u003e\"A marvellous book\"\u003c\/b\u003e \u003ci\u003eREV RICHARD COLES\u003c\/i\u003e\u003cbr\u003e\u003cb\u003e\u003ci\u003e\"\u003c\/i\u003eAmazing book by an amazing woman\" \u003c\/b\u003e\u003ci\u003eJAMES O'BRIEN\u003c\/i\u003e\u003cbr\u003e\u003cb\u003e\"Gripping... filled with compassion.\"\u003c\/b\u003e \u003ci\u003eSUNDAY TIMES\u003c\/i\u003e\u003cbr\u003e\u003cb\u003e\"Remarkable... hopeful and uplifting.\"\u003c\/b\u003e \u003ci\u003eMAIL ON SUNDAY\u003c\/i\u003e\u003cbr\u003e\u003cb\u003e\"An antidote to despair\" \u003c\/b\u003e\u003ci\u003eDAILY MIRROR\u003c\/i\u003e\u003cbr\u003e\u003cb\u003e\"Enthralling... vivid and humane\"\u003c\/b\u003e \u003ci\u003eOBSERVER\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003eLucy is a world-leading authority on recovering from disaster. She holds governments to account, supports survivors and helps communities to rebuild. She has been at the centre of the most seismic events of the last few decades, advising on everything from the 2004 tsunami and the 7\/7 bombings to the Grenfell fire and the war in Ukraine. Lucy's job is to pick up the pieces and get us ready for what comes next.\u003cbr\u003e\u003cbr\u003eLucy takes us behind the police tape to scenes of chaos, and into government briefing rooms where confusion can reign. She also looks back at the many losses and loves of her life and career, and tells us how we can all build back after disaster.\u003cbr\u003e\u003cbr\u003e\u003ci\u003eWhen the Dust Settles\u003c\/i\u003e lifts us up, showing that humanity, hope and humour can - and must - be found on the darkest days.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eNever less than reassuringly humane... She shows and tells and, vitally, cares. * Telegraph *\u003cbr\u003eAn unlikely superhero... this gripping memoir is full of compassion. A remarkable insight into the decisions involved in disaster planning. * Sunday Times *\u003cbr\u003eEasthope, whether she knows it or not, is that rare thing, a genuine philosopher thinking through what she is actually doing in the mitigation of human suffering. * New Statesman *\u003cbr\u003eThe disasters recalled here often read like short stories, each of them filled with high drama, surreal twists and mysteries to be solved. * Guardian *\u003cbr\u003e'A remarkable account...This should be a dark and depressing read; that it isn't, that it is ultimately hopeful and uplifting, is down to the utter human decency that the author represents' * Mail on Sunday *\u003cbr\u003eAn essential, uplifting read, brimming with humanity, humility and humour. * Sue Black *\u003cbr\u003eAn entirely unique vision of the human experience * Irish Times *\u003cbr\u003eCandid, unsettling and darkly funny * Sunday Post *\u003cbr\u003ePoignant, funny, analytical and profoundly humane * Perspective Magazine *\u003cbr\u003eDauntless and forthright * TLS *\u003cbr\u003eDeeply humane, occasionally unsettling, and strangely uplifting * Irish Business Post *\u003cbr\u003eA book of horror and hope, written with rare humanity. * John Sutherland *\u003cbr\u003e\u003ci\u003eWhen the Dust Settles\u003c\/i\u003e taught me is that all experiences are of value... Easthope shows us how perfection and imperfection are woven together. Everything is flawed. Yet there is also hope despite the flaws. * Rachel Kelly *\u003cbr\u003eHer sensitive and profoundly moral book explores how human beings can preserve their resilience and live with loss. * New Statesman *\u003cbr\u003eRewrites your perceptions of the disasters and wars of our lifetime with vivid details and vignettes... laced with humanity and decency. A literary memento which honours the messy truth of life.' * The Critic *\u003cbr\u003eAn inspiring memoir.\u003ci\u003e \u003c\/i\u003eEasthope advises, supports and helps to rebuild lives. * Yorkshire Post *\u003cbr\u003eA riveting no-nonsense memoir that pulls back the curtains on your worst fears and shows you that someone, somewhere, will always truly care. * Jenny Colgan *\u003cbr\u003eOutstanding... a graphic but deeply humane account of what drew her to take on such work, and how she steels herself to tackle the worst of human scenarios. * The Bookseller *","brand":"Hodder \u0026 Stoughton","offers":[{"title":"Default Title","offer_id":48867509436759,"sku":"9781529358285","price":9.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781529358285.jpg?v=1722283619"},{"product_id":"the-theft-of-a-decade-how-the-baby-boomers-stole-the-millennials-economic-future-9781541742369","title":"The Theft of a Decade: How the Baby Boomers Stole","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003ci\u003eThe Theft of a Decade\u003c\/i\u003e is a contrarian, revelatory analysis of how one generation pulled the rug out from under another, and the myriad consequences that has set in store for all of us. 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