Economic and financial crises and disasters Books
Harriman House Publishing Icelands Secret
Book SynopsisBorn in Massachusetts, Jared Bibler relocated to Iceland in 2004 only to find himself in the middle of an unprecedented financial crisis a handful of years later.Personally wiped out and seeking to uncover the truth about a collapse that brought the pastoral country to its knees, he became the lead investigator into some of the largest financial crimes in the world. This work helped Iceland to famously become the only country to jail its bank CEOs in the wake of the 2008 crisis.But the real story behind that headline is far more complex and sinister.A decade after the investigations, the story can be told at last and in full. The crisis, barely understood inside or outside of Iceland even today, is a cautionary tale for the world: an inside look at the high crimes that inevitably follow Wild West capitalism.With the next global financial meltdown just around the corner, this untold tale is as timely as ever.
£999.99
Profile Books Ltd Firefighting: The Financial Crisis and its
Book Synopsis"I learned much from this book I had not previously known. Its cautions for the future should be required reading for all policy makers." - Warren Buffett 2008 saw one of the worst financial crises in generations, the global implications of which are still being felt today. Ten years later Ben Bernanke, Timothy Geithner and Hank Paulson reflect on the causes of the crisis, why it was so damaging, and what it ultimately took to prevent a second Great Depression. All three had crucial roles in the government's response- Ben S. Bernanke as chairman of the Federal Reserve; Henry M. Paulson, Jr., as secretary of the Treasury under President George W. Bush; Timothy F. Geithner as president of the Federal Reserve Bank of New York during the Bush years and then Treasury secretary under President Barack Obama. A powerful, warts and all account told with unprecedented clarity; from the flawed human response to the necessity to learn from the past and help firefighters of the future protect economies from the ravages of financial crises. Firefighting is a vital account of a defining moment in modern history and an inspiring lesson on leadership through crisis.Trade ReviewI'm glad I didn't have to do the job that these three 'fire chiefs' did. I learned much from this book I had not previously known. Its cautions for the future should be required reading for all policy makers. -- Warren Buffett
£9.99
London Publishing Partnership The Tyranny of Nostalgia: Half a Century of
Book SynopsisThe performance of the British economy over the past fifty-odd years does not make for comforting reading. Indeed, the story is a depressing catalogue of misapprehensions, missteps, wasted opportunities, crises and humiliations, with all-too-familiar problems arising time and again and yet never being satisfactorily addressed. All nations and their economic policymakers are to a certain extent prisoners of their history, but this seems to apply more to the UK than to other countries. Nostalgia for the great days of the past has become tyrannical – and is in some sense embodied in the form of the Chancellor of the Exchequer’s famous ‘budget box’, made for William Gladstone in the 1850s and only passed over to a museum in 2010. Nostalgia has led to wishful thinking, and this has been the underlying sentiment driving poorly thought through – sometimes even panicky – initiatives that were blindly borrowed from elsewhere, that flew in the face of experience, or that were drawn from theoretical and political extremes. The Tyranny of Nostalgia describes and interprets the economic and political history of the past half a century, examining the challenges confronted by successive governments and their Chancellors, the policies employed for good or ill, and – running through it all – the desperate search for a panacea that could arrest the nation’s relative decline and return the country to its supposed former glories.Trade Review“This powerful and elegant account of the twists and turns in British macroeconomic policy should be essential reading for students and practitioners alike. Russell Jones’s analysis of the past half a century of British economic life – and particularly of the run-up to Brexit and of its subsequent implementation and its disastrous consequences – is absolutely stunning.” (William Keegan, senior economics commentator for The Observer); “For at least half a century, British economic policy has been inept and capricious, with politicians of all parties labouring under the delusion that the country is still a major economic power. For much of that time Russell Jones has had a ringside seat observing their many mistakes and misfortunes. It is hard to read his clear-sighted and highly readable account and remain optimistic about the UK economy’s next 50 years.” (Professor Diane Coyle, Bennett Professor of Public Policy at the University of Cambridge and author of GDP: A Brief but Affectionate History); “The complex and persistent woes of British economic developments over the past fifty years are covered in fascinating detail by Russell Jones in this joyously readable book. The book works brilliantly both for those that have, like me, shared Jones’s path through the world of high finance and for those that haven’t but want to try and understand the role of individual politicians and policymakers, and the circumstances surrounding their vain attempts to steer the UK to a more fruitful pasture.” (Lord O’Neill, Chairman of the Council of the Royal Institute of International Affairs)
£23.74
BenBella Books The Power of Money: How Governments and Banks
Book Synopsis
£22.50
HarperCollins Publishers Gaffs
Book SynopsisThe book that has been waiting to be written how Ireland's housing policy has locked an entire generation out of the housing market and what we should do about it.Clear, cogent and persuasive Fintan O'TooleMillennials are the first generation in Ireland to be worse off than their parents. Trapped in a game of rental roulette, stuck living at home as adults, and many on the brink of homelessness, the Irish housing crisis has defined the lives of an entire generation and it is set to continue.With housing costs in Ireland the highest in the EU, the property ladder has been kicked from under thousands. So how did we get here and how do we break the cycle?In Gaffs, housing expert Rory Hearne urges us to think about the people behind the statistics, and shows us that there is a way towards a future where everyone has access to a home.Trade Review‘The heart of the book is a clear, cogent and persuasive account of how this crisis was created. Showing that it is, indeed, a deliberate creation is the strength of Hearne’s argument. And while this is a source of anger, it might also be a source of hope: what bad public policy has wrought, better policy can undo.’ Fintan O’Toole The Irish Times
£13.49
HarperCollins Publishers Gaffs
Book SynopsisThe book that has been waiting to be written how Ireland's housing policy has locked an entire generation out of the housing market and what we should do about it.Millennials are the first generation in Ireland to be worse off than their parents. Trapped in a game of rental roulette, stuck living at home as adults, and many on the brink of homelessness, the Irish housing crisis has defined the lives of an entire generation and it is set to continue.With housing costs in Ireland the highest in the EU, the property ladder has been kicked from under thousands. So how did we get here and how do we break the cycle?In Gaffs, housing expert Rory Hearne urges us to think about the people behind the statistics, and shows us that there is a way towards a future where everyone has access to a home.Trade Review‘The heart of the book is a clear, cogent and persuasive account of how this crisis was created. Showing that it is, indeed, a deliberate creation is the strength of Hearne’s argument. And while this is a source of anger, it might also be a source of hope: what bad public policy has wrought, better policy can undo.’ Fintan O’Toole The Irish Times
£9.49
The University of Chicago Press House of Debt How They and You Caused the Great
Book SynopsisWhy 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.Trade Review"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)
£14.25
Penguin Books Ltd The Big Fail
Book SynopsisFrom the author of the modern business classic The Smartest Guys in the Room comes a damning indictment of late-stage capitalism-and the leaders that were brutally unprepared for a global pandemic.In 2020, the coronavirus pandemic made it painfully clear that governments across the world could not adequately protect their citizens. Millions of people suffered and died in just two years, while administrations around the globe blundered; prize-winning economists overlooked devastating trade-offs from the collapse of trade; and elites escaped to isolated retreats, unaffected by - and worse, even profiting from - the worst healthcare crisis to hit humanity in decades.In this page-turning economic, political and financial history, veteran journalists Bethany McClean and Joseph Nocera analyse the American response to the pandemic as a case study, to offer fresh and provocative answers. With laser-sharp reporting and deep sourcing, they investigate what really
£999.99
Hodder & Stoughton Who Runs Britain
Book Synopsis''A compelling portrait of early 21st-century casino capitalism ... essential reading.'' - The Times On 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. It 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.Who Runs Britain? 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 mythTrade ReviewA compelling portrait of early 21st century casino capitalism ... essential reading. -- Howard Davies * The Times *Fluent, incredibly up to the minute look at Britain ... Peston, in relaxed, conversational style is a great travelling companion along the highways of finance. * Observer *This 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 * Guardian *Peston catches the zeitgeist of Britain and the paradox that is Gordon Brown. * Financial Times *Peston is our rock... The triumph of Robert Peston makes me proud of my old paper, the BBC and of journalism in general. -- Sarah Sands * Independent on Sunday *A 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 *This remains the most riveting book on finance you may ever bother to read. * Evening Standard *Engaging -- Harry Mount * Telegraph *wonderful clarity * Sunday Telegraph *Starkly lucid -- Polly Toynbee * Guardian *Book of the year * Financial Times *I recommend this book -- Nicholas Lezard * Guardian *
£10.44
WW Norton & Co End This Depression Now
Book SynopsisA New York Times best-selling call to arms from Nobel Prize–winning economist Paul Krugman.Trade Review"Paul Krugman is stepping up to play the kind of role that John Maynard Keynes performed in the 1930s." -- Dissent"A thoroughly persuasive polemic against premature fiscal austerity in the wake of a deep recession." -- Financial Times"[Krugman] makes an urgent, even passionate case that our economic problems are, at root, fairly simple, and we have the knowledge and the tools to solve them." -- Rolling Stone"An important contribution to the current study of economics and a reason for hope that effective solutions will be implemented again." -- Kirkus Reviews
£12.34
WW Norton & Co Courage to Act
Book SynopsisBen S. Bernanke’s rise to chair of the Federal Reserve, the massive financial crisis, and the Fed’s bold and effective response.Trade Review"It was a happy chance that this scholar, known for his work on the Great Depression, was chairman of the central banking system of the US during the biggest financial crisis since the early 1930s. His [Bernanke's] new book, The Courage to Act, provides a fascinating account of the effort to save the world from another such catastrophe." -- Martin Wolf, Lunch with the FT - Financial Times"Bernanke's memoir is a crucial document of record that will be invaluable to future historians. As far as any memoir can be, it is an honest and accurate account. There is no hubris or exaggeration: simply a telling of the tale of the most dramatic period in office of any Fed Chairman to date." -- Mervyn King - Prospect"The former chair has penned a lucid account of the crisis and its aftermath... Mr Bernanke’s narrative of his time in office is a lucid, analytical affair… the book provides a robust defence of the Fed’s response to the crisis. Mr Bernanke clearly sees himself as someone who did what was necessary to save the economy from disaster, in the face of a barrage of unwarranted criticism. The result is a book which compels..." -- The Economist"Bernanke was at the helm of the world's most important central bank during the financial crisis of 2007-08... Here he gives a compelling account of what he and the Federal Reserve did and why they did it... the defence of the Fed against its critics is compelling." -- Best Books of 2015 - Financial Times"It was Ben Bernanke, not Gordon Brown, who steered us through the 2008 financial meltdown...the book's most interesting chapters are those that deal with the crisis...Above all, [Bernanke] exuded calm, even when there was plenty of inner turmoil. The calmness comes over in this book, and so does plenty of the turmoil." -- The Sunday Times
£17.09
Transworld Publishers Ltd Post Corona
Book SynopsisTHE NEW YORK TIMES BESTSELLERBestselling author of The Four and 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.''Thought-provoking... As good an analysis as you could wish to read.'' FINANCIAL TIMES_______________The 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.In Post Corona, GallTrade ReviewEntertaining and informative. * The Economist *Fast, 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 *Few 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 *Scott is a genius at engaging an audience in an intelligent, thoughtful, sometimes snarky and often humorous manner. * Huff Post *If there is a blunter, more opinionated, faster-talking expert on the internet than Scott Galloway, I haven't come across him. Or her. * Fortune *
£9.49
Penguin Books Ltd The Shifts and the Shocks
Book SynopsisIn The Shifts and the Shocks, Martin Wolf - one of the world''s most influential economic commentators and author of Why Globalization Works - presents his controversial and highly original analysis of the economic course of the last seven yearsThere have been many books that have sought to explain the causes and courses of the financial and economic crisis which began in 2007-8. The Shifts and the Shocks 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.The 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
£11.69
John Wiley and Sons Ltd The Night Cleaner
Book SynopsisThe idea was simple: pack a suitcase, go to another city where you have no connections and try to find a job, anonymously. That was the idea that took Florence Aubenas - one of France's most accomplished undercover journalists - on a journey into the worst recession since the Great Depression.Trade Review"Aubenas's story is bleak because it lacks a conviction that things could be different. The story lies in the rubble - literally - of the achievements and failures of organised labour."The Guardian "The Night Cleaner records Aubenas' time among those for whom the job of supermarket cashier is 'prestigious' and a refuse collector is 'well paid' ... While 'l'exception francaise' may still mean something to those in the middle, there is little sign of it in the world documented by Aubenas. Perhaps she has hit on the exception to the exception."London Review of Books "This personal account of the unmaking of the French working class is not only great journalism, it is a true work of literature: beautifully written, intense, unforgettable."Katha Pollitt, The Nation "Follow Florence Aubenas into the armies of the night, among the invisible souls who clean up the mess we make by day, absorb her insights into the great recession and its impact on the most marginal."Beatrix Campbell, author of Wigan Pier Revisited "Too often, the impact of the global recession is reduced to general statistics. But in Florence Aubenas' provocative and passionate book it is captured in exquisite detail, emotion, and human faces. Whether in Cairo, Caen, or Wisconsin, the desperation that accompanies the soul-destroying search for work and economic stability continues to push people to the brink of their patience and dignity. What makes Aubenas' book so brilliant is that this culmination of her undercover investigation does not simply linger on their lack of hope, but also on the depth of their spirit."Nomi Prins, author of It Takes a Pillage "A vivid account of the insecurities and indignities of trying to cobble together a living from the part-time, temporary jobs of the West's postindustrial economy. The insufficient hours, abrupt layoffs, and inadequate wages Aubenas describes so clearly will be with us long after the current global recession ends."Stephanie Coontz, author of The Way We Really Are: Coming to Terms with America's Changing Families "Recommended for those wanting to understand more about what it means to be on the bread line."New Times
£7.59
Cambridge University Press Boom and Bust
Book SynopsisWhy 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.Trade Review'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.'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'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'For anyone interested in financial history, Boom and Bust is essential reading.' John Plender, Financial Times'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'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'A readable and impressively researched title to be enjoyed by the generalist or specialist.' Niall McGarrigle, Irish Times'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'This wonderful book is interesting, informative, and insightful … Highly recommended.' R. M. Whaples, ChoiceTable of ContentsList 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.
£32.25
John Wiley & Sons Inc The Empire of Debt
Book SynopsisProtect your investments with a deep dive into the past and future of finance Building on the uncannily accurate predictions in previous editions, this latest edition of The Empire of Debt: We Came, We Saw, We Borrowed, written by New York Times bestselling authors Addison Wiggin and Bill Bonner, explores the economic, political, and financial events between 2008-09 and 2023, placing them in historical context and explaining what''s likely to happen for the remaining years of the 2020s. The book imparts practical advice on how to protect wealth in the face of ongoing and rapidly intensifying crises, as well as suggestions on how these trends can be played to put investors'' own money to work. In this book, readers will learn about: Political development of US hegemony in the 20th century, from the founding of the Federal Reserve in 1913 through to the present Past and current conflicts in Iraq, Afghanistan, Ukraine, and Russia
£18.66
Little, Brown Book Group Chinas Great Wall of Debt
Book Synopsis''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 The Big Short, 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'' The EconomistThe 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 corporatTrade ReviewOne 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 popularauthor of The Big Short, 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 * The Economist *An 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 *McMahon 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 *
£9.99
John Wiley and Sons Ltd Can We Avoid Another Financial Crisis?
Book SynopsisThe Great Financial Crash had cataclysmic effects on the global economy, and took conventional economists completely by surprise. Many leading commentators declared shortly before the crisis that the magical recipe for eternal stability had been found. Less than a year later, the biggest economic crisis since the Great Depression erupted. In this explosive book, Steve Keen, one of the very few economists who anticipated the crash, shows why the self-declared experts were wrong and how ever–rising levels of private debt make another financial crisis almost inevitable unless politicians tackle the real dynamics causing financial instability. He also identifies the economies that have become 'The Walking Dead of Debt', and those that are next in line – including Australia, Belgium, China, Canada and South Korea. A major intervention by a fearlessly iconoclastic figure, this book is essential reading for anyone who wants to understand the true nature of the global economic system.Trade Review"No one is more qualified than Steve Keen to answer the question "Can we avoid another financial crisis?" with more than a single word. Read this book!" —Yanis Varoufakis, former Finance Minister of Greece "In this compelling essay, Steve Keen shows that the "Great Moderation" was in fact a great delusion and documents, to brutal effect, the foolish complacency of mainstream macroeconomists." —James K. Galbraith, University of Texas at Austin "Steve Keen explains why the financial crisis it occurred, and why it can't just get better on its own, along its present track. He also explains – in a hilarious and absolutely justified takedown – why mainstream economists have a "trained incapacity" in being unable to understand why the economy has broken down – and hence, why they don’t have a real solution. We are still living in the aftermath of the 2008 crisis. It’s all about debt. But economists fear they will lose their jobs if they say that debts must be written down. Keen asks what is more important: to save the economy, or to save the jobs for economists whose prestige rests on their not understanding why economies are in trouble today." —Michael Hudson, author of Killing the Host and The Bubble and Beyond"Non-academics interested in economic or financial markets should, if they read ony one book on the topic, absolutely read this one."—International Investment"Mr. Keen is surely right to argue that growth fuelled by the continuing expansion of private debt is highly risky for the overall economy, and that which cannot continue indefinitely will come to a sticky end sooner rather than later. We should heed his advice..."—Globe and MailTable of ContentsAcknowledgements List of Tables and Figures 1. From Triumph to Crisis in Economics 2. Microeconomics, Macroeconomics and Complexity 3. The Lull and The Storm 4. The Smoking Gun of Credit 5. The Political Economy of Private Debt 6. A Cynic�s Conclusion Endnotes Bibliography
£15.58
Pan Macmillan Money in One Lesson: And Why it Doesn't Work the
Book Synopsis'Superb' - Tim Harford, author of How to Make the World Add Up Money is essential to the economy and how we live our lives, yet is inherently worthless. We can use it to build a home or send us to space, and it can lead to the rise and fall of empires. Few innovations have had such a huge impact on the development of humanity, but money is a shared fiction; a story we believe in so long as others act as if it is true.Money is rarely out of the headlines – from the invention of cryptocurrencies to the problem of high inflation, extraordinary interventions by central banks and the power the West has over the worldwide banking system. In Money in One Lesson, Gavin Jackson answers the most important questions on what money is and how it shapes our world, drawing on vivid examples from throughout history to demystify and show how societies and its citizens, both past and present, are always entwined with matters of money.‘A highly illuminating, well-researched and beautifully written book on one of humanity’s most important innovations’ – Martin Wolf, chief economics commentator, Financial TimesTrade ReviewDelightful and deep, Money in One Lesson is a superb account of the strange connections between money and economics -- Tim Harford, author of How to Make the World Add UpThis is a highly illuminating, well-researched and beautifully written book on one of humanity’s most important innovations. People both love and hate money. But mostly, they fail to understand it. Such ignorance is not bliss. Happily, this book will go far to cure it -- Martin Wolf, chief economics commentator, Financial TimesA lucid exposition of a widely misunderstood topic, liberally illustrated with nuggets of intriguing information -- John Kay, economistGavin Jackson has written that rarest of things: an intellectually rigorous and informative book on a technical subject that is also a pleasure to read. Anecdotes, stories and history bring money to life -- Duncan Weldon, author of Two Hundred Years of Muddling ThroughA lucid and at times very funny history of money * Stephen Bush, Financial Times *
£10.44
Pan Macmillan The Fund: Ray Dalio, Bridgewater Associates and
Book Synopsis'The most explosive, mind-blowing business book I've ever read' – Bradley Hope, New York Times bestselling author of Billion Dollar Whale'Jaw-dropping . . . well-told, well-structured and exquisitely reported' – Financial Times book reviewDiscover the unauthorized, unvarnished story of famed Wall Street hedge-fund manager Ray Dalio.When 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, Principles. In The Fund, 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.Tracing more than fifty years of Dalio's leadership, The Fund 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.Dalio has stepped down from Bridgewater before; will the legacy of his Principles continue to chart the course of the firm? The Fund provides unique insight into the story of Dalio and Bridgewater, past, present and future.'A taut, nonfiction thriller' – Bryan Burrough, bestselling author of Barbarians at the Gate'Manages to both shock and entertain at the same time' – Philipp Meyer, bestselling author of American Rust and The SonTrade ReviewThe most explosive, mind-blowing business book I've ever read - and the most fun, too -- Bradley Hope, bestselling author of Billion Dollar WhaleAt last, the era of the billionaire philosopher-king has a defining book. The Fund is a taut, nonfiction thriller -- Bryan Burrough, bestselling author of Barbarians at the GateA classic American story about the most famous man on Wall Street - or the person he seems to be. The Fund manages to both shock and entertain at the same time -- Philipp Meyer, bestselling author of American Rust and The SonJaw-dropping . . . well-told, well-structured and exquisitely reported -- Financial Times book reviewA 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, The Fund is the perfect rage-read -- Mark Gimein, reviewing for the New York TimesExplosive . . . rivetingly chronicles a traumatic social experiment in which hundreds of America’s sharpest Ivy League finance alums unwittingly became ensnared -- Ben Naparstek, reviewing for The AustralianEye-opening...[teaches us] to be more sceptical about investment and management gurus -- MoneyWeek Book of the Month review (December 2023)The best thing I read in 2023 -- Robin Wigglesworth, bestselling author of Trillions, writing for the Financial Times' Best of Further Reading list (2023)
£18.70
PublicAffairs,U.S. The Theft of a Decade: How the Baby Boomers Stole
Book SynopsisThe Theft of a Decade 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. The millennial generation was the unfortunate victim of several generations of economic theories that made life harder for them than it was for their grandparents. Then came the crash of 2008, and the Boomer generation's reaction to it was brutal: politicians and policy makers made deliberate decisions that favored the interests of the Boomer generation over their heirs, the most egregious being over the use of monetary policy, fiscal policy and regulation. For the first time in recent history, policy makers gave up on investing for the future and instead mortgaged that future to pay for the ugly economic sins of the present. This book describes a new economic crisis, a sinister tectonic shift that is stealing a generation's future.
£20.90
Boydell & Brewer Ltd The Great Famine in Ireland and Britain’s
Book SynopsisRich in archival detail and offering a ground-breaking analysis, this book presents a radically new interpretation of British politics and policy failings during the Great Famine. The Irish famine of the 1840s is the biggest humanitarian crisis in the United Kingdom's history. Within six years of the arrival of the potato blight in Ireland in 1845, more than a quarter of its residents had unexpectedly died or emigrated. Its population has not yet fully recovered since. Historians have struggled to explain why the British government decided to shut down its centrally organised relief efforts in 1847, long before the famine ended. Some have blamed the laissez-faire attitudes of the time for an inadequate response by the British government; others have alleged purposeful neglect and genocide. In contrast, The Great Famine in Ireland and Britain's Financial Crisis uncovers a hidden narrative of the crisis, which links policy failure in Ireland to financial and political instability in Great Britain. More important than a laissez-faire ideology in hindering relief efforts for Ireland were the British government's lack of a Parliamentary majority from 1846, the financial crises of 1847, and a battle of ideas over monetary policy between proponents and opponents of financial orthodoxy. The high death toll in Ireland resulted from the British government's plans for intervention going awry, rather than being prematurely cancelled because of laissez-faire. This book is essential reading for scholars, students and anyone interested in Anglo-Irish relations, the history of financial crises and famines, and why humanitarian-relief efforts can go wrong even with good intentions.Trade ReviewThe Great Famine is based on the author's multi-award-winning PhD thesis. Well-researched and extensively footnoted ... The book nonetheless deserves a wide readership as a serious and balanced contribution to the Irish economic history canon. * THE IRISH TIMES *An extraordinarily wide-ranging, deeply researched and original critique of economic thinking, politics and policy making in mid-nineteenth Britain and Ireland. Read's work radically reshapes our understanding of the Great Irish Famine and of British politics more generally. It is the most holistic account yet of the catastrophic consequences of political and policy failure in a time of crisis, good intentions notwithstanding. * Liam Kennedy, Emeritus Professor of Economic History, Queen’s University Belfast *In this bold new interpretation of the biggest economic policy disaster in modern British history, Charles Read argues that the failure to provide sufficient relief spending during the Great Irish Famine was the result of a fiscal and financial crisis rather than a commitment to laissez faire ideology. This is essential reading for any serious scholar of modern Irish and British history. * Stephen Broadberry, Professor of Economic History, University of Oxford *Despite being written for a scholarly audience, the book's jolt to the senses resonates far beyond any solely academic setting. Great Famine injects a massive strand of fresh thinking into what had largely appeared to have been a dead end of history. It's challenging to describe what an incredible achievement this is. Parts of Great Famine go right against the grain of Britain's mythology about itself: it's almost heretical. It's hard not to be awestruck at the audacity of Dr Read's thesis and the way he unveils it. https://www.cambridgeindependent.co.uk/news/amp/cambridge-author-exhumes-irish-famine-and-details-a-financia-9287608/ -- Mike Scialom * Cambridge Independent *Recommended. * CHOICE *Table of ContentsList of Illustrations Preface Acknowledgements Abbreviations Introduction 1. The sources of financial and political instability 2. The economic policy reforms of Sir Robert Peel 3. Famine relief before the crises of 1847 4. Famine relief during and after the crises 5. The intentions and consequences of redistributive relief policy 6. Ireland and Mauritius: the British Empire's other famine in 1847 Conclusion: Britain's biggest economic-policy failure Bibliography Index
£25.00
Verso Books In the Long Run We Are All Dead: Keynesianism,
Book SynopsisIn 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. Geoff Mann's In the Long Run We're All Dead is a thoroughgoing critique of Keynes for our post-crash world, and an accessible and historically grounded introduction to his masterwork The General Theory of Employment, Interest, and Money. Mann 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.Trade ReviewThere 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 *A detailed, fast-flowing account of how repeatedly guileful Keynesianism crisis management has saved the elite by reengineering tragedy . rewarding reading. -- Danny Dorling, author of Inequality and the 1%Mann'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 The End of Loser LiberalismMann 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 Liberalism: A Counter-HistoryUrgent and lucid . A bravura inquiry into the intellectual history of the present and the ambiguous vitality of Keynes's General Theory. -- Alberto Toscano, author of Fanaticism: On the Uses of an IdeaA 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. In the Long Run We Are All Dead makes for a startling, bracing and important read. -- Michael J. Watts, University of California, BerkeleyThey 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 ColumbiaGeoff 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 *Geoff 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 *In 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 *Geoff Mann is well aware of the distinctions between Keynes the man, his work, and 'Keynesianism.' But his book on Keynesianism, In the Long Run We Are All Dead, is quite deliberately more about the 'ism' than the man. -- Mike Beggs * Jacobin *Enjoyable ... 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 *
£14.24
Emerald Publishing Limited Imperialism and the Political Economy of Global
Book SynopsisThe 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 38th volume of the Research in Political Economy series edited by Ndongo Samba Sylla. In Imperialism and the Political Economy of Global South’s Debt, 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'. Imperialism and the Political Economy of Global South’s Debt 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.Table of ContentsPart 1: Case Studies Chapter 1. The Political Economy of Debt in the Global South: The Case of Argentina (2001–2022); Juan E. Santarcángelo and Juan Manuel Padín Chapter 2. Can debt be sustainable, if life isn’t? Argentina’s debt crisis and social reproduction; Mariano Féliz Chapter 3. Colonial Hangover in Global Financial Markets: Eurobonds, China, and African Debt; Olufunmilayo Arewa Chapter 4. Tightening the Grip: Foreign Creditors and Sudan’s Political Transition (2019-2022); Harry Cross Part 2: The Elusive Quest for a Sovereign Debt Restructuring Mechanism Chapter 5. Refusing to improve: sovereign debt and the political economy of inertia in UNCTAD 1964 – 1979; Christina Laskaridis Chapter 6. Limits of sovereign debt restructuring mechanisms and possible alternatives; Milan Rivie Part 3: Foreign Debt, Development and Imperialism Chapter 7. Managing the balance-of-payments constraint: dilemmas and perspectives; Basil Oberholzer Chapter 8. Imperialism and Global South’s Debt: Some insights from MMT, Ecological Economics and Dependency Theory; Ndongo Samba Sylla Chapter 9. China and Debt-Trap Diplomacy: A Brief Assessment; Shalendra Sharma
£63.75
Verso Books The State of Capitalism: Economy, Society, and
Book SynopsisThe health emergency that broke out in 2020 is a landmark event in the development of capitalism, confirming the underlying change signalled by the Great Crisis of 2007-9. The Pandemic Crisis has catapulted the state to the centre of economic activity. However, a historic impasse is steadily becoming apparent at the core of the world economy Productive accumulation is flaccid, as both profitability and labour productivity are weak. Financialisation has entered a new phase, as "shadow banking" grew relative to other banks but is entirely dependent on the state. The power of the state derives from command over fiat money and can certainly deliver enormous boosts to aggregate demand, but that is not enough to tackle the weakness of the productive sector. The rise in inflation for the first time in forty years indicates the impasse. There is a transparent need for intervention on the supply side, directly challenging capitalist property rights. There is no evidence, however, that the ruling blocs in core countries would engage in such policies.The Pandemic Crisis also brought to the fore fresh divisions of core and periphery across the world economy. Imperialism has assumed new forms, spurred by globally active financial capital and internationalised productive capital. A renewed contest for hegemony has emerged as US power declined. The economic challenge of China will unfold steadily in the years ahead, intensifying political tensions and military rivalries. This book is the work of a research collective comprising authors from several parts of the world. It analyses these vital issues from the perspective of Marxist political economy and puts forth alternative anticapitalist proposals.Trade ReviewA meticulous analysis of what happened when the greatest health crisis since 2018 crashed into the greatest capitalist crisis since 1929. A must read. -- Yanis VaroufakisCapitalism, in its current neoliberal variant, is a perfectly designed system for producing ruinous financial bubbles, massive increases in inequality, and the destruction of the planet. In The State of Capitalism, Costas Lapavitsas and the EReNSEP Writing Collective explain with great scope and force how this has been happening before our eyes for the past 40 years, in all regions of the globe. Critically, they also advance a clear-eyed political program for transcending neoliberalism and building viable democratic socialist alternatives. -- Robert Pollin, Distinguished University Professor of Economics and Co-Director, Political Economy Research InstituteThe State of Capitalism provides an elegant and exhaustive analysis of the changing faces of financialization, neoliberalism, state power and US empire - and how the left must adapt and respond. Lapavitsas develops a typically brilliant and incisive narrative on the transformation of global capitalism since the turn of the century, and shows how these changes formed the foundations of the era of perennial crisis in which we now live. -- Grace BlakeleyIf you wish to conclude your year consolidating your understanding of the world economy and its geopolitical elements, this book certainly offers the opportunity to do so. It is well written and easily accessible to the non-economist. -- Mathew D. Rose * Brave New Europe *
£17.99
Filament Publishing Ltd Capitalism in Crisis (Volume 1): What’s gone
Book SynopsisNever before has there been such a period of intense change at every level of our society. 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. They have proved that a picture is indeed worth much more than a thousand words.
£14.39
De Gruyter Leadership in a Post-COVID Pandemic World
Book SynopsisThe COVID-19 pandemic has placed extraordinary demands on leaders compelled to navigate a complex, far-reaching event that threatened human life, business continuity and survival. What can leaders learn from the crisis response to equip them for a post-pandemic world and beyond? Leadership in a Post-Pandemic World brings together cutting-edge research by authors Prof. David McGuire and Dr. Marie-Line Germain with thought-provoking evidence-based contributions from leading international researchers offering fresh insights into how leadership approaches and practices have evolved in the light of the COVID-19 pandemic. Divided into four sections, it discusses the leadership challenges and subsequent skills required to deal with the pandemic in politics, education, healthcare and business industries; emergency planning; organizational and personal resilience; the effect of dysfunctional and narcissistic leaders; lessons learned and how such lessons will shape the leadership of the future. This book is a vital resource for leaders, students of leadership, strategy and management, and anyone interested in the long-term consequences of crisis leadership on our society as a whole.
£34.65
PublicAffairs,U.S. Financial Turmoil in Europe and the United
Book SynopsisThe dire economic situation we find ourselves in is not a result of economic forces alone, but of the policies pursued, and not pursued, by world leaders. In this collection of his recent writings on the global financial situation, George Soros presents his views and analysis of key economic policy choices leading up to, during, and following the financial crisis of 2008-2009. Soros explores domestic and international policy choices like how to manage the (then) potential implosion of Fannie Mae & Freddie Mac, deploying measures to stem global contagion from the sub-prime crisis, alternative options on bailing out lesser developed countries and why this was vital, the structural problems of European economic management, and more. Financial Turmoil in Europe and the United States elegantly distills the choices at hand, and takes the reader on a journey of real time economic policy work and experimentation.Trade Review"This is a compilation of op-ed articles that the billionaire investor wrote as the euro crisis boiled up. As a retread, it displays Soros's knack for assessing market linkages and psychology on the fly." Malaysia Star "Every essay is excellent in brevity and content, attesting to Soros' consummate skill as a writer and his level of expertise as an investor. The introduction being the lead-in to a more serious matter is the best. In an astounding clear prose Soros explains the root of the crisis, calling it the culmination of a super bubble built since the 1980s under the reign of Reaganomics and Thatcherism that advocated for minimal government interference. Soro's recount of the aftermath of the crisis is by far the clearest. Not only is the sequence of events covered relevant, the principles and beliefs shaping minds of policy makers assigned to carry out rescue efforts are bluntly refuted." LSE Review of Books Kirkus Reviews "Soros is someone who has made his billions... anticipating the reaction of markets to ordinary realities, pleasant and otherwise--so it's well worth paying attention to his views on the world's financial systems. Not for the faint of heart or the innumerate. For policy and financial wonks, a bracing read." Bloomberg "Soros has called himself 'a failed philosopher.' He's actually a rarer species: A pathologist of market linkages and psychology -- a man who quickly grasps how an unhealthy growth of credit here will morph into a morbid bubble there. His diagnoses are clear, whether he's describing commodity index investing or former U.S. Treasury Secretary Henry Paulson's flawed plan to purchase distressed mortgage-backed securities." New York Journal of Books "The current financial crisis is explained concisely with eloquence. Understanding what is happening and what is to be done is reason enough to read Financial Turmoil... Dr. Soros shows us once again in these essays that he is not only a competent trader. He is an admirable thinker, and an adept policy analyst. If we were all as good at political economy as he is there would be no financial bubbles--and there would probably be less financial turmoil." BloombergTable of ContentsIntroduction by George Soros; Intro: GS new tc 12/15; Part 1: 2008 After the Crash; The worst market crisis in 60 years George Soros [UNK] The Financial Times [UNK] January 23, 2008; The Perilous Price of Oil George Soros [UNK][UNK] August 27, 2008; Paulson cannot be allowed a blank cheque George Soros [UNK] The Financial Times [UNK] September 24, 2008; Recapitalise the banking system George Soros [UNK] The Financial Times [UNK] October 02, 2008; How to capitalise the banks and save finance George Soros [UNK] The Financial Times [UNK] October 12, 2008; America must lead a rescue of emerging economies George Soros [UNK] The Financial Times [UNK] October 28, 2008; Part 2: 2009 The Right and Wrong Financial Reform; The right and wrong way to bail out the banks George Soros [UNK] The Financial Times [UNK] January 22, 2009; Peripheral care should be the central concern George Soros [UNK] The Financial Times [UNK] March 22, 2009; One Way to Stop Bear Raids George Soros [UNK] The Wall Street Journal [UNK] March 23, 2009; The three steps to financial reform George Soros [UNK] Financial Times [UNK] June 16, 2009; Do not ignore the need for financial reform George Soros [UNK] Financial Times [UNK] October 25, 2009; Part 3: 2010 The Crisis Goes Global; The euro will face bigger tests than Greece George Soros [UNK] Financial Times [UNK] February 22, 2010; Reforming a broken mortgage system George Soros [UNK] www.politico.com [UNK] March 25, 2010; America must face up to the dangers of derivatives George Soros [UNK] Financial Times [UNK] April 22, 2010; The Crisis and the Euro George Soros [UNK] The New York Review of Books [UNK] July 12, 2010; America needs stimulus not virtue George Soros [UNK] Financial Times [UNK] October 04, 2010; China must fix the global currency crisis George Soros [UNK] Financial Times [UNK] October 07, 2010; Europe should rescue banks before states George Soros [UNK] Financial Times [UNK] December 15, 2010; Part 4: 2011, The Eurozone; How Germany can avoid a two-speed Europe George Soros [UNK] Financial Times [UNK] March 22, 2011; True Europeans now need a 'plan B' George Soros [UNK] Financial Times [UNK] July 13, 2011; Germany must defend the euro George Soros [UNK][UNK] August 12, 2011; Three steps to resolving the eurozone crisis George Soros [UNK] Financial Times [UNK] August 15, 2011; Does the Euro Have a Future? George Soros [UNK] NY Review of Books [UNK] September 15, 2011; How to stop a second Great Depression George Soros [UNK] Financial Times [UNK] September 29, 2011; A routemap through the eurozone minefield George Soros [UNK] Financial Times [UNK] October 13, 2011; My seven point plan to save the eurozone George Soros [UNK] Financial Times [UNK] October 25, 2011; The ECB must step in to save the Eurozone; Financial Times, November 21, 2011.
£27.85
Oxford University Press Inc Austerity
Book SynopsisSelected 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 toTrade Reviewexcellent... timely... illuminating * Political Studies Review, Liam Stanley *A must-read * ACEMAXX-ANALYTICS *One 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 *An important polemic... valid and compelling. * Lawrence Summers, Financial Times *Mark Blyth has written a clever, well-argued book that we should all read. * The Friend *Essential 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 *Splendid new book. * Martin Wolf, Financial Times *Austerity 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 *Of 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 *Most 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 *Informed, passionate. * Dissent Magazine *Mark 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 *Among 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 *Table of ContentsPreface ; 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
£16.45
University of Pennsylvania Press A Brief History of Doom
Book SynopsisTrade Review"Just when U.S. regulators and lenders are showing signs of forgetting the lessons of the 2008 financial crisis, Richard Vague comes out with this timely treatise on the dangers of excessive private debt. Deeply researched yet easily understandable, it's must-reading for anyone who wants to understand the financial crises of the past-and anticipate the catastrophes of the future." * Rich Miller, Bloomberg News *"Richard Vague unmasks a very important insight that financial crises throughout history have originated in bubble formation in the private sector. This diagnosis presents a huge challenge to the political system regarding how to implement the preventative medicine to impede bubbles. The stakes are high for preventing prolonged economic downturns, and the impotence of the public sector is devastating to the reputation of experts and governance, not only in the financial sector but across every division of government. The demoralization on both the left and right after the Great Financial Crisis remains a major contributor to the politics of today. Vague challenges us to face up to these costs." * Robert Johnson, Institute for New Economic Thinking *"Debt is always the biggest indicator of where financial crises will strike next. But while most people focus on government debt, private debt has been overlooked as a risk factor. Richard Vague rectifies that problem-and given that corporate debt is now at record highs-there couldn't be a better time to read his book." * Rana Foroohar, Financial Times *"Debt booms are the Achilles heel of modern economies, and nobody understands this better than Richard Vague. It takes a former banker to expose the folly of lenders in fueling credit booms that lead to devastating financial crises. In his sweeping account of 200 years of financial history, Vague builds on his intimate understanding of banking to explain how private debt booms put economic and social prosperity at risk. This is a must read for anyone who wants to see the next crisis coming." * Moritz Schularick, University of Bonn *
£25.19
Princeton University Press A Crash Course on Crises
Book SynopsisTrade Review"A Financial Times Best Book of the Year: Economics""'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."---Martin Wolf, Financial Times"A must-read."---Ashoka Mody, Project Syndicate"A Crash Course on Crises packs a serious punch, covering a substantial amount of theoretical ground illustrated by real-world examples drawn from four continents and almost 100 years."---Anjalika Badalai, Society of Professional Economists"Designed as both a complement to existing macroeconomic textbooks and a present-day primer for policymakers, [A Crash Course on Crises] is brief, direct and accessible. It will likely adorn the reading lists of financial economics courses for years to come."---Rémi Meehan, International Affairs
£27.00
HarperCollins Publishers Race for Tomorrow
Book SynopsisAs featured on CNN's Amanpour & Company and BBC Radio 4's Start the Week with Andrew MarrOne of the Financial Times' best books of 2021In this compelling journey through twenty-six countries, Simon Mundy traces how the struggle to respond to the climate crisis is rapidly reshaping the modern world shattering communities, shaking global business and propelling waves of cutting-edge innovation.Telling unforgettable human stories, meeting scientists and business tycoons, activists and political leaders, this is an account of disaster and survival, of frantic adaptation and groundbreaking innovation, of hope, and of the forces that will define our future.More praiseUrgent reading A truly global journey' SOPHY ROBERTSVivid and informed' ADAM NICOLSONI took a great sense of hope' RICHARD POWERSReads like a thriller' MARK LYNASAn inspiring piece of work' MICHAEL E. MANNUtterly unlike any book yet written in this field' ANAND MAHINDRAGripping A must-read for every concerned global citizen' Trade Review‘Contains a lot of really, really interesting hard science and market-based solutions, [and] some extraordinary examples of technology … Very useful indeed’Andrew Marr ‘It’s a brilliant book! An optimistic, unpatronising account of what humankind CAN do to address climate change’Rob Rinder, Talk Radio ‘He takes it down from this 30,000-foot view to people on the ground … I took a great sense of hope’Richard Powers, author of The Overstory ‘An inspiring piece of work that deserves a broad audience … Read this book both to understand the urgency of climate action, and to recognise, too, the agency we still have’Michael E. Mann, author of The New Climate War ‘[Puts] a human face on the most important story of our times. This book is eloquent and humane – a vital work of storytelling’Henry Mance, author of How to Love Animals in a Human-Shaped World ‘Simon Mundy’s vivid and informed despatches from the front line of climate change reveal not only the catastrophes imposed by global warming (which are hidden from most of us) but the best and brightest of responses to them … Don’t wait. Read it now before the race is lost’Adam Nicolson, author of The Sea is Not Made of Water ‘Mundy’s book reads like a thriller’Mark Lynas, author of Six Degrees and Our Final Warning ‘Utterly unlike any book yet written in this field. Packed with vivid human stories, from the most desperately challenged communities to the highest levels of global business and politics, it’s an essential guide to how the climate crisis is transforming the modern world’Anand Mahindra ‘A gripping story of individuals, communities and societies who are grappling with the myriad challenges of climate change. A must read for every concerned global citizen’Nandan Nilekani ‘A pacy, riveting global tour of our fracturing planet; completely fascinating’Ben Rawlence
£9.49
Oxford University Press The Affluent Society Revisited
Book SynopsisThis book revisits John Kenneth Galbraith''s classic text The Affluent Society in the context of the background to, and causes of, the global economic crisis that erupted in 2008. Each chapter takes a major theme of Galbraith''s book, distils his arguments, and then discusses to what extent they cast light on current developments, both in developed economies and in the economics discipline. The themes include: inequality, insecurity, inflation, debt, consumer behaviour, financialization, the economic role of government (''social balance''), the power of ideas, the role of power in the economy, and the nature of the good society. It considers the current problems of capitalism and the huge challenges facing democratic governments in tackling them. Written in non-technical language, this book is accessible to students of economics and the social sciences as well as to those who would have read The Affluent Society and the general reader interested in contemporary affairs and public policy.Trade ReviewStudents of economic history will find this a particularly useful volume as it is written in an exceptionally readable manner. This volume makes an important contribution to the literature on the economic history of advanced capitalism and its effects on the distribution of wealth within Western democracies. I have no hesitation in recommending this text to anyone, whether or not they are familiar with economics, with an interest in recent economic history and/or in the effects of changing economic policies on the structure of societies. Furthermore, anyone seeking an overview of the causes and consequences of the GFC will find The Affluent Society Revisited a useful reference. * Jenny Chesters, Economic Record *Table of ContentsPreface ; 1. Why Revisit The Affluent Society? ; 2. The Power of Ideas: Reflections on the Conventional Wisdom ; 3. The Central Tradition ; 4. Inequality ; 5. Economic Security ; 6. The Ambiguities of Production ; 7. The Dethroned Consumer ; 8. Inflation ; 9. Debt ; 10. The Theory of Social Balance ; 11. Switching Tracks ; 12. The Idea of Power ; 13. The Moral Order ; 14. Concluding Thoughts ; A Reader's Guide
£29.49
Oxford University Press The Architecture of Collapse The Global System in
Book SynopsisUsing a variety of economic, financial, and political indicators, this book demonstrates that the global system has become an 'architecture of collapse'. The global financial crisis of 2008, the bilateral relationship between the U.S. and China, and the European sovereign debt crisis illustrate the causes and the consequences of global instabilityTrade ReviewFew social scientists have the urbane vision and capacious intellect of Mauro Guillén. His dissection of the shock inducing and absorbing features of our interconnected world system vividly details the risks we presently face, but also paves the way for steps that could cushion the present volatility. * Walter W. Powell, Stanford University *A brilliant critical engagement with different interpretations of what makes a system prone to failure. The author develops a multi-level and multi-nodal analysis that allows him to single out strategic sources of systemic instability and to demonstrate what can be done. * Saskia Sassen, Columbia University, author of Expulsions *A fascinating perspective on the sources of instability in the global system. Professor Guillén brings to bear powerful concepts from the study of system complexity. A must read for anyone interested in financial markets, international migration, and the rise or fall of nations. * Simon Johnson, MIT Sloan School of Management and former IMF Chief Economist *This book offers a sobering analysis of the risks facing the global economy, from population aging to financial inter-connections. The policy recommendations are important and timely. * Lady Barbara Judge, CBE *A careful conceptual construction of complexity and coupling... [providing] new insights into why countries are likely to experience more frequent crises. Guillén skillfully navigates a multidisciplinary interrogation of the increasing fragility of the global economic system. * CHOICE *Table of ContentsPreface 1: The Global System 2: Complexity 3: Coupling 4: Complexity, Coupling, and the Great Recession 5: The U.S./China Relationship 6: The Euro Zone as a Complex, Tightly-Coupled System 7: The Future of the Global System
£24.49
Oxford University Press, USA Austerity and Recovery in Ireland Europes Poster Child and the Great Recession
Book SynopsisIn international commentary and debate on the effects of the Great Recession and austerity, Ireland has been hailed as the poster child for economic recovery and regeneration out of deep economic and fiscal contraction. While the genesis of Ireland''s financial, economic, and fiscal crisis has been covered in the literature, no systematic analysis has yet been devoted to the period of austerity, to the impact of austerity on institutions and people, or to the roots of economic recovery. In this book a group of Ireland''s leading social scientists present a multidisciplinary analysis of recession and austerity and their effects on economic, business, political, and social life. Individual chapters discuss the fiscal and economic policies implemented, the role of international, and, in particular, of EU institutions, and the effects on businesses, consumption, work, the labour market, migration, political and financial institutions, social inequality and cohesion, housing, and cultural expression. The book shows that Ireland cannot be viewed uncritically as a poster child for austerity. While fiscal contraction provided a basis for stabilizing the perilous finances of the state, economic recovery was due in the main to the long-established structure of Irish economic and business activity, to the importance of foreign direct investment and the dynamic export sector, and to recovery in the international economy. The restructuring and recovery of the financial system was aided by favourable international developments, including historically low interest rates and quantitative easing. Migration flows, nominal wage stability, the protection of social transfer payments, and the involvement of trade unions in severe public sector retrenchment - long-established features of Irish political economy - were of critical importance in the maintenance of social cohesion.Trade ReviewThe many strands of ruin and gradual but not complete recovery are dealt with in a style that is both scholarly and accessible. This richness makes it the best overall single-volume assessment of our recent political and social experience. * Paschal Donohoe, Minister for Public Expenditure and Reform, The Irish Times *Table of Contents1: William K. Roche, Philip O'Connell, and Andrea Prothero: Introduction 'Poster Child' or 'Beautiful Freak'?: Austerity and Recovery in Ireland 2: Seán Ó Riain: The Road to Austerity 3: Stephen Kinsella: Economic and Fiscal Policy 4: Frank Barry and Adele Bergin: Business 5: Gregory Connor, Thomas Flavin, and Brian O'Kelly: The Financial Sector 6: Blanaid Clarke: Banking Regulation 7: Marius C. Claudy, Andrew Keating, and Andrea Prothero: Consumption 8: Paul Teague: Ireland and the 'GIPS' Countries 9: David M. Farrell: Political Reform 10: Brigid Laffan: International Actors and Agencies 11: William K. Roche: Workplaces 12: Richard Boyle: Public Service Reform 13: Philip J. O'Connell: Unemployment and Labour Market Policy 14: Kathleen Lynch, Sarah Cantillon, and Margaret Crean: Inequality 15: Rob Kitchin, Rory Hearne, and Cian O'Callaghan: Housing 16: Irial Glynn and Philip J. O'Connell: Migration 17: Donald Taylor Black: Culture Index
£999.99
OUP USA Wrong
Book SynopsisIn recent years, the world has been rocked by major economic crises, most notably the devastating collapse of Lehman Brothers, the largest bankruptcy in American history, which triggered the breathtakingly destructive sub-prime disaster. What sparks these vast economic calamities? Why do our economic policy makers fail to protect us from such upheavals? In Wrong, economist Richard Grossman addresses such questions, shining a light on the poor thinking behind nine of the worst economic policy mistakes of the past 200 years, missteps whose outcomes ranged from appalling to tragic. Grossman tells the story behind each misconceived economic move, explaining why the policy was adopted, how it was implemented, and its short- and long-term consequences. In each case, he shows that the main culprits were policy makers who were guided by ideology rather than economics. For instance, Wrong looks at how America''s unfounded fear of a centralized monetary authority caused them to reject two centraTrade Reviewa fascinating collection of accounts providing interesting details and new insights. * LSE Review of Books *[Grossman] piques our interest with spicy historical detail...he has written a lovely tour, admirably brief, through centuries of economic folly. * Roger Lowenstein, Wall Street Journal *let's hope that when the next major set of economic policy decisions has to be taken, politicians put aside ruling ideology and pick up a book like this. * Joel Campbell, International Affairs *I have great admiration for this book. Grossman addresses an important question and his judgments are uniformly well reasoned and balanced. He is also an outstanding teacher of economics. ... Few economic historians can write as well as Grossman. But more of those who can write well should follow his example and write for policy makers and for the general public. If not economic historians, then who? * Hugh Rockoff, EH.net *Table of ContentsContents ; Preface ; Prologue ; 1. Introduction ; 2. How to Lose an Empire without Really trying: British Imperial Policy in North America ; 3. Establish, Disestablish, Repeat: The First and Second Banks of the United States ; 4. The Great Hunger: Famine in Ireland, 1846-1852 ; 5. The Krauts Will Pay: German Reparations after World War I ; 6. Shackled with Golden Fetters: Britain's Return to the Gold Standard, 1925-1931 ; 7. Trading Down: The Smooth-Hawley Tariff, 1930 ; 8. Why Didn't Anyone Pull the Andon Cord? Japan's Lost Decade ; 9. The Worst Financial Crisis Since the Great Depression: The Subprime Meltdown ; 10. I'm OK. Euro not OK? ; 11. What Have We Learned? Where Do We Go From Here? ; Bibliography
£21.14
The University of Chicago Press How the Financial Crisis and Great Recession
Book SynopsisThe 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.
£80.75
Penguin Books Ltd Citizen Quinn
Book SynopsisGavin Daly is a reporter with the Sunday Times. Ian Kehoe is a reporter with the Sunday Business Post.Trade ReviewFor all those intrigued by by a small Cavan farmer's son came to be one of the richest men in the world, and then lost it all, Citizen Quinn is a must-read * Sunday Business Post *Gripping and well-researched ... paints a picture of a man who is delusional about hat has happened and the extent to which he is to blame * Irish Times *The book chronicles this truly compelling story, and the story of a compelling man * Irish Mail on Sunday *A gripping story told in language that people without an MBA can follow * Irish Independent *A great read -- Sean O'Rourke * RTE Radio One *
£14.39
John Wiley and Sons Ltd Money and Finance After the Crisis
Book SynopsisMoney and Finance After the Crisis provides a critical multi-disciplinary perspective on the post-crisis financial world in all its complexity, dynamism and unpredictability. Contributions illuminate the diversity of ways in which money and finance continue to shape global political economy and society. A multidisciplinary collection of essays that study the geographies of money and finance that have unfolded in the wake of the financial crisis Contributions discuss a wide range of contemporary social formations, including the complexities of modern debt-driven financial markets Chapters critically explore proliferating forms and spaces of financial power, from the realms of orthodox finance capital to biodiversity conservation Contributions demonstrate the centrality of money and finance to contemporary capitalism and its political and cultural economies Table of ContentsSeries Editors’ Preface vii Notes on Contributors ix 1 Money and Finance After the Crisis: Taking Critical Stock 1Brett Christophers, Andrew Leyshon and Geoff Mann Part I Financial Imaginaries 41 2 From Time–Space Compression to Spatial Spreads: Situating Nationality in Global Financial Liquidity 43Dick Bryan, Michael Rafferty and Duncan Wigan 3 Financial Flows: Spatial Imaginaries of Speculative Circulations 69Paul Langley 4 Making Financial Instability Visible in Space as Well as Time: Towards a More Keynesian Geography 91Gary A. Dymski Part II Financial Practices 117 5 Banks in the Frontline: Assembling Space/Time in Financial Warfare 119Marieke de Goede 6 Undoing Apartheid? From Land Reform to Credit Reform in South Africa 145Deborah James Part III Financialization 169 7 Infrastructure’s Contradictions: How Private Finance is Reshaping Cities 171Phillip O’Neill 8 The Financialization of Nature Conservation? 191Jessica Dempsey 9 Financialization of Singaporean Banks and the Production of Variegated Financial Capitalism 217Karen P.Y. Lai and Joseph A. Daniels Index 245
£54.00
Palgrave MacMillan UK UK Monetary Policy from Devaluation to Thatcher
Book SynopsisThis book charts the course of monetary policy in the UK from 1967 to 1982. It shows how events such as the 1967 devaluation, the collapse of Bretton Woods, the stagflation of the 1970s, and the IMF loan of 1976 all shaped policy. It shows that the 'monetarist' experiment of the 1980s was based on a fundamental misreading of 1970s monetary policy.Table of Contents1. From Devaluation to Competition and Credit Control, 1967-71 2. Competition and Credit Control, 1971-73 3. The PSBR Takes Over, 1974-76 4. Too Many Targets, 1977-79 5. The Lady is for Turning
£80.99
Bristol University Press The Unequal Pandemic
Book SynopsisEPDF and EPUB available Open Access under CC-BY-NC- ND This accessible, yet authoritative book shows how the pandemic is a syndemic of disease and inequality. It argues that these inequalities are a political choice and we need to learn quickly to prevent growing inequality and to reduce health inequalities in the future.Table of ContentsForeword - Kate Pickett 1. Introduction: Perfect Storm 2. Pale Rider: Pandemic Inequalities 3. Collateral Damage: Inequalities in the Lockdown 4. Pandemic Precarity: Inequalities in the Economic Crisis 5. Pandemic Politics: Inequality through Public Policy 6. Conclusion: Health and Inequality Beyond COVID-19
£9.99
Austin Macauley Publishers Manias Casinos Bubbles and Crashes
Book Synopsis
£16.99
Academica Press Debtor Protection in American and European Union
Book SynopsisIn Debtor Protection in American and European Union Bankruptcy Law, international law scholar Dimitris Liakopulos raises a delicate issue at the foundations of the modern banking system by analyzing US bankruptcy law with a focus on the concept of automatic stay. His work identifies legal sources and authorities having repercussions in terms of operational protection. It then examines their functional profiles, with specific regard to procedure. The book then examines criminal exposure in US bankruptcy law, paying particular attention to crime figures closer to those contained in American bankruptcy law.The book’s third part assesses the lack of a discipline in these areas, a cumbersome gap observable at both the international and regional levels. The financial crisis of 2008 recalled the necessity and importance of a coordinated and usable crisis resolution mechanism for large financial conglomerates. The lack of discipline in the field of cross-border insolvency, and especially in the banking sector, stands out among studies and legislative instruments that have attempted to address questions of private international law, and of procedural law or of substantive law.
£144.90
Manchester University Press Lehman Brothers: A Crisis of Value
Book SynopsisUsing extensive documentary evidence and interviews with former Lehman employees, Oonagh McDonald reveals the decisions that led to Lehman’s collapse, investigates why the government refused a bail-out and whether the implications of this refusal were fully understood. In clear and accessible language she demonstrates both the short and long term effects of Lehman’s collapse.Trade Review'Oonagh McDonald has written a clear and analytical account of what happened and why. She has a reader friendly style and a sharp eye for details.'Lord Meghnad Desai, Labour Peer, House of Lords'This balanced, lively, fact-filled and lucid examination of the factors that produced Lehman's failure is teeming with insightful analysis. It weaves together little-known facts to dispel commonly believed myths. If you are going to read one thing to gain a deep understanding of why and how Lehman collapsed, this is it.'Charles Calomiris is Henry Kaufman Professor of Financial Institutions at Columbia Business School, USA'This is a balanced, informed account of the collapse of Lehman Brothers that draws on recently released information to give a full picture of the sequence of events surrounding the crisis and its aftermath. It takes a very comprehensive view and examines the roles of asset valuation, corporate governance, law, regulation and financial theory in the story and surely will be of great interest to all readers with either a professional or general interest in the financial markets'Professor Robert Hudson, University of Hull'The demise of Lehman triggered a whole host of unforeseen consequences and with hindsight some have questioned whether it was wise to let Lehman go. This book is the first to use primary sources to look at the detail of the event and that fateful weekend. This is a very well researched and timely book on a topic that will be debated for decades to come.'Kevin Keasey, Professor of Accounting and Finance, Leeds University Business School, UK. -- .Table of Contents1 From cotton trader to investment banker: 1844-20082 From hubris to nemesis: January to September 2008 3 The fateful weekend 4 Regulating the 'Big Five' 5 The largest bankruptcy in American history 6 The destruction of value 7 Lehman's valuation of its assets 8 Measuring value 9 Monitoring value 10 Chasing a chimera? Appendix 1: The Lehman Brothers Board of Directors in 2007Appendix 2: The Lehman Brothers Corporate Structure Index
£23.84
Liverpool University Press Chasing the Past: Geopolitics of Memory on the
Book SynopsisSince 2008, Greece has been at the centre of European current affairs due to the financial and economic crisis. However, it should not be forgotten that before the current crisis the political upheavals of the early 1990s and the collapse of Marxist-inspired regimes had already radically transformed the face of the country. These transformations have been seen as a return of the Balkans’ question, raising issues of border disputes and migration, minorities and national inclusion. They have had far-reaching consequences on the relations between Greek society and its peripheries, and what some have deemed to be its destabilising diversity. In this context, the material presented in this book examines the strengthening of discourses of belonging which draw legitimacy from a glorification of the past and tradition. The fieldwork carried out over the past 15 years on the fringes of Greece has focused on groups who were stigmatised and distanced from standard definitions of Greekness. It provides an original perspective on the changes that the country has undergone in recent decades. The question of the nation-state’s future is raised through close observation on the local scale, leading to a debate about the relationship between areal and reticular territory within the framework of globalisation. This book also aims to provide non-Francophone readers with access to research carried out on these issues in France, shifting the focus of Balkan Anglophone specialists for whom French publications remain a distant province.Trade Review‘Indeed, the time-space variations in the mobilities described in the empirical chapters of the book offer important lessons for the broader study of migration as a complex socio-spatial phenomenon.’ Russell King, Balkanologie Table of ContentsIntroductionShadows and lightMemory – identity –territory as a trinity for observation Chapter 1: Understanding Greece in the worldThe geo-political upheavals of the 1990sA new intensity in international migrations and domestic mobilityMigration Studies in the Balkans: a multiplicity of perspectivesTowards new fields of researchLocality as an indicator of globalisation Chapter 2: Conflictual memories and migration between Greece and AlbaniaMigration seen from aboveDiscovering relational space(Re)discovering the link beyond othernessMigration, transnational relationships and minority issues in GreeceA new survey deep within the marginsLandscape and places: relating the conflict or ‘silencing the past’?A never-ending fragmentation? Chapter 3: The Jewish community of Rhodes: a revitalised fragment of the Greek mosaicHistoric fragments of Aegean AndalusiaA community of memoryJuderia rediscoveredThe Jewish past in actionThe grindings of memoryTowards a successful heritage status: tourism as an ally?Counter-memory and local feeling Chapter 4: Mobilities, heritage and the construction of border territoriesReturn to ThesprotiaReminiscences of ‘home’… elsewhere‘New rural communities’ and changing lifestyles‘Good patrimonial practices’ in MacedoniaNymfaio: tourism as a sole perspective?Creating order, starting projectsThe border as a new locus for resources?Geopolitics and cross-border cooperation Chapter 5: Rescaling power in an era of globalisationFrom roots to pastures newLosing the border and regaining memory(ies)From transformation in the ways of inhabiting place to the mobilisation of memory: territorial impactUsing locality to gain ‘roots and wings’Effects of globalisation?Institutional back-up for an alternative recourse to the past‘Glocalised’ processes?Scales of globalisation in the Balkans Conclusion
£38.50
The History Press Ltd Eliminating Poverty in Britain
Book SynopsisCan we really end poverty in Britain?Yes, we can.In this groundbreaking book, Helen Rowe brings together the latest research with stories from across Britain to show us that ending poverty in the twenty-first century is possible. She describes the effects of deprivation on our society, institutions, communities, families and individuals – down to their very DNA.By using a combination of compassion, focus and a plan, Rowe describes how we can end poverty in five years, without raising taxes. Her radical ideas are grounded in practical realities, as she reveals how ordinary processes can yield extraordinary results.This book has huge ramifications for Britain and every developed nation globally. It will force governments to face an issue that has been ignored for too long. After Covid-19, Brexit, war, austerity and the global financial crash, Britain deserves a more positive future. How do we create it? Eliminating Poverty in Britain has the answers.Trade ReviewA vital and comprehensive study of class inequality that commands your attention from start to finish. - DARREN McGARVEY, Orwell Prize winner and author of Poverty Safari
£17.09
Springer Nature Switzerland AG From Good to Bad Bankers: Lessons Learned from a 50-Year Career in Banking
Book SynopsisBankers are administrators of other people’s money, and they are responsible both to their depositors and to other stakeholders. Human nature being what it is, however, they sometimes fall prey to overweening ambition, coming to see themselves as the rightful beneficiaries of the moneys entrusted to them. This can lead them to make poor lending decisions and engage in risky practices, eventually moving on to cosmetic accounting and the concealment of problems, speculation and even outright fraud.Supervisors are there to prevent such behaviour, of course. They are responsible to government and the general public alike for the stability of the financial system, the proper allocation of financial resources by the banks and the protection of depositors and creditors. Their responsibility is, then, subsidiary to that of the bankers themselves.Where supervision is lax and ineffective, however, it encourages bad management by bankers, creating a vicious circle that eventually leads to financial crises, which has most often to be cured using tax-payers’ money. Of course, it also hurts the broader economy. That is why the inseparable trio of regulation, supervision and resolution must exist.In this collection of his writings over a period of some 50 years, Aristóbulo de Juan describes the causes, characteristics and consequences of financial crises based on his own experience as a central banker, world bank expert and consultant spanning a career of more than 55 years.In a nutshell, the papers brought together in this book recount circumstances that have always plagued banking, and that are only too likely to recur in the future.Table of ContentsFOREWORD by Fernando González UrbanejaPROLOGUE by the AuthorCHAPTER 1 FROM GOOD BANKERS TO BAD BANKERSCHAPTER 2 THE SPANISH BANKING CRISIS OF THE 1970s AND 1980sCHAPTER 3 THE MICROECONOMIC ROOTS OF THE BANKING CRISISCHAPTER 4 BANK REFORM IN EASTERN EUROPECHAPTER 5 ‘FALSE FRIENDS’ AND BANKING REFORMCHAPTER 6 THE DYNAMICS OF UNDISCLOSED INSOLVENCYCHAPTER 7 OBSTACLES IN THE WAY OF CRISIS RESOLUTION EXCERPTS FROM THE PAPER DESPEJAR EL TERRENO (CLEARING THE DECKS)CHAPTER 8 THE FINANCIAL SYSTEMS AND THE ETHICS OF RESTRUCTURINGCHAPTER 9 LIQUIDITY AND EUPHORIACHAPTER 10 THE RECOMMENDED OPTIONCHAPTER 11 THE PROBLEMS OF THE EUROPEAN BANKING UNIONCHAPTER 12 STABILITY AND ITS RISKSCHAPTER 13 PRACTICAL LESSONS FOR DEALING WITH PROBLEM BANKSCHAPTER 14 NON PERFORMING LOANS - NPLs
£999.99
Asian Development Bank Assessing the Enabling Environment for Disaster
Book SynopsisThis diagnostics toolkit is designed to help countries assess the financial management of disaster risk and to provide a basis for them to enhance financial resilience through insurance and other risk transfer instruments.Disasters damage and destroy infrastructure and disrupt economic activities and services, potentially delaying long-term development and hampering efforts to reduce poverty in the region. Countries require a strong enabling environment for disaster risk financing to ensure the timely availability of post-disaster funding. In the report, the framework examines the state of the enabling environment and incorporates lessons from country diagnostics assessments for Fiji, Nepal, Pakistan, and Sri Lanka.
£18.95
