Economic and financial crises and disasters Books
Thomas Nelson Publishers The Great American Bank Robbery: The Unauthorized Report About What Really Caused the Great Recession
Book SynopsisYou may not realize it, but you helped pay for a $10million, fourteen-month government “investigation” of the housing collapse.Only your $10 million didn’t buy much, and it certainly didn’t buy truth; anyhope of that went out the window on day one.The congressionally appointed panel—made up primarily ofanti-market, historic revisionists—managed to shift the blame away fromWashington and onto mortgage lenders and “greedy” Wall Street executives, whileprotecting the real culprits at the core of the crisis: POLITICIANS LIKETHEMSELVES.It’s not about Democrat or Republican, left or right, blackor white. It’s about the usual suspects—money and power and the people who usegovernment to manipulate them for private advantage.The Great AmericanBank Robbery maps out in detail exactly how Washington social engineers andtheir accomplices reshaped banking regulations and housing policies and guttedtime-tested underwriting standards that led to the worst financial calamity sincethe 1930s, one that has robbed American households of $14 trillion in networth.And they’re not done yet . . .
£13.26
BoD - Books on Demand Wall Street y el resto
£22.30
Brill Crises and Hegemonic Transitions: From Gramsci’s Quaderni to the Contemporary World Economy
Book SynopsisCrises and Hegemonic Transitions reworks the concept of hegemony at the international level and analyses its relation to world market crises. Returning to the critical edition of Gramsci’s Quaderni and maintaining that the author’s work is permeated by Marx’s Capital and the law of value, Fusaro argues that imperialist states strive to constructing hegemonic relations in order to secure capital accumulation using domination and leadership, coercion and consensus, and that economic crises have only the potential to provoke crises of hegemony. Tracing the vicissitudes of US hegemony from the interwar period to the present and assessing the Great Depression’s and the Great Recession’s impact, Fusaro provides a novel way to interpret past and present developments within the world economy.Table of ContentsAcknowledgements Figures and Tables Introduction: Which Gramsci? 1 Gramsci vs Capital? 2 Towards the Development of a New Concept 3 Argument and Plan of the Book 1 A Dissenting View 1 Theories of Hegemony 2 Crises and Hegemonic Transitions 3 Do Crises lead to Hegemonic Transitions? 4 A Critique Part 1 Theory 2 Hegemony 1 Readings of Gramsci 2 Hegemony at the National Level 3 Gramscian IR 4 Gramsci’s IR 5 Hegemony at the International Level (first cut) 3 Crises 1 Marx’s Method and Gramsci 2 Capital 3 An Integral Theory of Crises 4 From Capital to the International 5 Hegemony at the International Level (second cut) 6 World Market Crises and Hegemonic Transitions Part 2 History 4 Tantae Molis Erat: US Hegemony during the Interwar Period 1 Sturm und Drang Hegemony 2 In Crisis 3 The Full Realisation of US Hegemony 5 Not for Real, Yet: US Hegemony Today 1 Hegemony Unravelling (1970–2007)? 2 The Great Recession 3 Fight with Cudgels Conclusion: Crises and Hegemonic Transitions 1 The Concept 2 Hegemony 3 Crises and Hegemonic Transitions 4 US Hegemony and China’s Long March Ahead Bibliography Index
£152.00
Brill The Falling Rate of Profit and the Great Recession of 2007-2009: A New Approach to Applying Marx’s Value Theory and Its Implications for Socialist Strategy
Book SynopsisIn The Falling Rate of Profit and the Great Recession of 2007-2009, Peter H. Jones develops a new non-equilibrium interpretation of the labour theory of value Karl Marx builds in Capital. Applying this to US national accounting data, Jones shows that when measured correctly the profit rate falls in the lead up to the Great Recession, and for the main reason Marx identifies: the rising organic composition of capital. Jones also details a new theory of finance, which shows how cycles in the profit rate relate to stock market booms and slumps, and movements in the interest rate. He discusses the implications of the analysis and Marx and Engels’ work generally for a democratic socialist strategy.Table of ContentsPreface List of Tables and Figures Advice to Readers 1 Marx’s Value Theory and the Law of the Tendential Fall in the Rate of Profit 1 The Development of the LTFRP and Its Significance 2 Criticisms of the Law 3 Summary 2 Devaluation 1 Formalisms, Models and Method 2 Devaluation and Value 3 Historical Cost, Input Cost and Output Cost 4 Measuring Devaluation 5 The MELT and Revaluation 6 The Rate of Profit, the Rate of Accumulation and the Rate of Growth 7 Conclusion 8 Appendix: A Counter-example to the Okishio Theorem Using Current Cost Measures of the Rate of Profit 3 Turnover Time and the Organic Composition of Capital 1 Decomposing the Rate of Profit: Existing Approaches 2 The Stock of Variable Capital 3 The OCC 4 Conclusion 5 Appendix: Decomposing Changes in the Rate of Profit 4 Surplus Value, Profit and Output 1 The Forms of Appearance of Surplus Value 2 Unproductive Labour 3 Measuring Surplus Value after Unproductive Expenditures 4 The Value of Labour Power 5 Measuring Output 6 Differences between the Total Price and Total Value of Output 7 Surplus Value after Unproductive Expenditures 8 Profits from Production 9 Conclusion 10 Appendix A: Accounting Definitions 11 Appendix B: Decomposing Changes in the Rate of Profit from Production 12 Appendix C: Decomposing Rates of Profit When the Value of Labour Power Is Not Equal to Its Price 5 Marx on Finance 1 Money Dealing and Interest-Bearing Capital 2 Currency 3 Social Relations and Interest 4 Dynamics of the Interest Rate (I) 5 Money Capital and Fictitious Capital 6 Fictitious Capital and the Dynamics of the Interest Rate (II) 7 Conclusions 6 The Rate of Profit and Financial Rates of Return 1 The Separation between Financial Profits and Profits from Production 2 Fictitious and Non-fictitious Profits 3 The Non-fictitious Financial Rate of Return and the Interest Rate 4 Conclusion 5 Appendix: Accounting Definitions for Financial Rates of Return 7 Results 1 Output and Surplus Value 2 Measures of the Rate of Profit 3 Why the Rate of Profit Fell 4 The Rate of Profit and Financial Rates of Return 5 The Rate of Profit and the Interest Rate over the Long Term 8 Conclusions 1 The Rate of Profit and the Great Recession 2 Capital and Marx’s Value Theory Bibliography Index
£132.80
Edinburgh University Press The End of Modernity
Book SynopsisHow the current paradigm of technologically driven economic progress could destroy the planet and its socio-economic systemsTrade ReviewThere is always a need for clearly written cultural theory that is accessible but tries to identify macro trends using contemporary examples and data. Stuart Sim excels in this kind of informed, politically engaged, sceptical theory which is not infatuated with jargon or mystification. It's grown-up analysis for students of contemporary culture. Sim has authority, is totally on top of the material and has a certain quiet panache. -- Caspar Melville, New Humanist Magazine There is always a need for clearly written cultural theory that is accessible but tries to identify macro trends using contemporary examples and data. Stuart Sim excels in this kind of informed, politically engaged, sceptical theory which is not infatuated with jargon or mystification. It's grown-up analysis for students of contemporary culture. Sim has authority, is totally on top of the material and has a certain quiet panache.Table of ContentsPreface; Part I: The End of Modernith? The Cultural Dimension; 1. Introduction: The End of Modernity; 2. Modernity: Promise and Reality; 3. Beyond Postmodernity; Part II: The End of Modernity? The Economic Dimension; 4. Marx was Right, But ...; 5. Diagnosing the Market: Fundamentalism as Cure, Fundamentalism as Disease; 6. Forget Friedman; Part III: Beyond Modernity; 7. Learning from the Arts: Life After Modernism; 8. Politics After Modernity; 9. Conclusion: A Post-Progress World; Bibliography; Index.
£28.99
Bloomsbury Publishing (UK) The Legacy of the Global Financial Crisis
Book SynopsisYoussef Cassis is Professor of Economic History at the European University Institute, in Florence, Italy. His work mainly focuses on banking and financial history, as well as business history more generally. His most recent books include Crises and Opportunities. The Shaping of Modern Finance (2011), and, with Philip Cottrell, Private Banking in Europe: Rise, Retreat and Resurgence (2015).Jean-Jacques van Helten is currently a Visiting Fellow at the European University Institute in Florence, Italy, and formerly the Managing Director & Chief Risk Officer, EMEA for the Bank of Montreal (BMO) Financial Group. He is a Non-Executive Director on the Boards of an Irish bank and a FinTech company, has a PhD in Economic History from London University and is a frequent speaker on risk management at international conferences.Trade ReviewYoussef Cassis and Jean-Jacques van Helten have assembled a ‘dream team’ of authors, including academics, bankers, central bankers, journalists, politicians, and regulators, for this accessible, engaging, and informed edited volume on the legacy of the Global Financial Crisis. This book is a major contribution to our collective memory of the greatest financial crisis since the Great Depression. * John Turner, Professor of Finance and Financial History, Queen’s University Belfast, UK and Author of Boom and Bust: A Global History of Financial Bubbles *It is unique to have such a variety of established practitioners and academics reflecting on the Global Financial Crisis from multiple angles. I attended the original conference and I learned and thoroughly enjoyed the wide diversity of topics on the impact of the financial crisis. I am sure that the reflections and lessons now gathered in this book will be useful for future crisis management challenges. * Keishi Hotsuki, Chief Risk Officer, Morgan Stanley *Table of ContentsList of Figures List of Tables Contributors Acknowledgements Introduction: The Legacy of the Global Financial Crisis (Youssef Cassis and Jean-Jacques van Helten) Part 1: Perspectives on the Global Financial Crisis 1.Moral Hazard and Equity Finance: Why Policy has been Sub-optimal since the Global Financial Crisis (C.A.E. Goodhart) 2. The Global Financial Crisis Ten Years On: Using and Forgetting the Past? (Catherine R. Schenk) 3. On Volatility, Economic Slow-Motion and Populism: The Global Financial Crisis and Beyond (Gerald Braunberger) 4. Lessons from the Great Financial Crisis in Perspective (Ramon Marimon) 5. The Wasted Legacy of a Crisis (Pervenche Berès) Part 2: National Experiences 6.The Financial Crisis, National Policy Responses and the Rise of Conservative Nationalism (Dorothee Bohle) 7.Financial Crisis Management: Unanswered Key Questions (Patrick Honohan) 8. SEB and the Financial Crisis in the Baltics (Magnus Agustsson and Karlis Danevics) 9.The Legacy of the Global Financial Crisis: The View from Greece (George Papaconstantinou) Part 3: The Architecture of Control 10.The Danger of Raising and then Dashing Expectations: The Lesson from Lehman? (Thomas Huertas) 11. Governing EU Banks after the Global Financial Crisis: From Regulation to Governance (Agnieszka Smolenska) 12. From Sets of Rules to Codes of Conduct (Jacques Beyssade) 13. Risk Management and Corporate Governance (Laurence Bogni-Bartholmé) Index
£90.25
Little, Brown Book Group Chinas Great Wall of Debt
Book SynopsisThe 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 corporate funding arrangements that threaten growth, stability, and reform efforts. The country has accumulated so much debt so quickly that economists increasingly predict a financial crisis that could make ''Brexit'' or Greece''s economic ruin seem minor, and could undermine China''s ascent as a superpower. Earlier this year, President Xi Jinping issued an urgent call for reform that gives the country until 2020 to transform its economy - a vaguely-defined objective that most economists agree is unrealistic. Whether or not China will be responsible for the next global recession, as some experts forecast, the fate of its economy will have far-reaching Trade 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 *
£18.00
Hodder & Stoughton Crash Bang Wallop
Book SynopsisPublished to mark the 30th anniversary of the financial revolution known as ''Big Bang'', Crash Bang Wallop will tell the gripping story of how the changes introduced in the 1980s in the City of London transformed our world.Attitudes to money and the way we measure value and status were completely reshaped by Big Bang, and it had an extraordinary impact on politics, on style, on technology, on the class system, on questions of public ownership, and on the geography of London. Perhaps more than anything, Big Bang revolutionised the international markets, as the capital became a testing ground for financial globalisation, with huge repercussions for the global economy. The definitive insider''s account of this critically important moment in modern history, Crash Bang Wallop will also explore what''s next for global finance as it gets ready to undergo yet another revolution. ''Iain Martin tells it brilliantly, mixing fury-inducing narratiTrade ReviewFascinating . . . it is worth raising your eyes from the Brexit mud-slinging to read a new book on the history of the "Big Bang" financial reform . . .UK politicians should take heed of Martin's book. * Financial Times *An exciting story, told with verve * Sunday Business Post *With a journalist's eye for a good tale and a narrative style that rips along, Martin has turned an unloved part of British history about an unloved industry into a fascinating yarn. * The Times *As historical accounts of modern finance go, this is a corker. * Breaking Views Reuters *For anyone interested in finance . . . this is a readable history of how the City became the world's money hub. * Sunday Times *Highly readable and well-informed * The National *It is refreshing to read this lively account of a series of actions that add up to one of the undoubted, if not undisputed, successes of modern government action . . . a timely reminder of how the City of London got to where it is now * New Statesman *Martin's great trick in the book is his ear for echoes of the present in stories from the past, making the old City feel remarkably familiar today . . . Above all, Martin has a warmth for his subject, and its cast of characters, without excusing their feelings . . . With the journalist's eye for a good tale and a narrative style that rips along, Martin has turned an unloved part of British history about an unloved industry into a fascinating yarn. -- Philip Aldrick * The Times *His book confirmed to me that the City is a financial centre like no other * Literary Review *
£10.99
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 Times
£15.29
Africa World Press West Africa & The Global Financial Crisis
Book Synopsis
£25.46
PM Press Global Slump: The Economics and Politics of
Book SynopsisAn original account of how the massive intervention by central banks during the financial crisis has in fact laid open the potential for recurring crises for poor and working class people.
£15.29
BenBella Books The Bogle Effect: How John Bogle and Vanguard
Book Synopsis
£22.49
Amber Books Ltd World's Worst Historical Disasters: Natural and
Book SynopsisWorld’s Worst Historical Disasters examines some of the most significant natural and man-made disasters in world history, from those almost lost in the mists of time, such as the plague in Athens which killed 75 per cent of the population and the earthquake in Corinth that left 45,000 people dead to modern day catastrophes such as the New Delhi air collision and the Samastipur train disaster which both cost hundreds of lives. All kinds of horrendous disasters are covered including plagues, earthquakes, volcanoes, genocides, floods, train crashes and aeroplane crashes. Each fascinating account gives a full and detailed analysis of the events leading up to the disaster, the actual disaster itself and then the extent of the damage and the dreadful aftermath. Learn about the massacre at Milan, the great fire of London and the historic San Francisco earthquake. Each story is highly illustrated bringing every disaster to life, plus key facts outline the most important information and allows the reader the see facts at a glance. Whether the result of mankind or an inevitable and uncontrollable act of nature, World’s Worst Historical Disasters will provide an educational and riveting read.Table of ContentsAncient Disasters: 3000BC – 0 Sodom and Gomorrah (2nd millennium BC) Modern science throws light on what could have caused the violent event recounted in the Bible. Indus Valley (1750 BC) The soil turns saline in the Indus Valley, the crops fail, and two great cities (Harappa and Mohenjo- Daro) fall into ruin. Thera (1628 BC) A massive volcanic eruption destroys the city of Akrotiri in Greece and turns the sky yellow over China. Aegean (c.1650) A tsunami 150m (500ft) high devastates the coastline of Crete. Athens (429 BC) Seventy-five per cent of Athens is wiped out by plague. Imperial Disasters: 0 – 1000 AD Rome (64) Fire beginning in the Circus Maximus destroys half the city. Pompeii (79) Pompeii is destroyed in a massive volcanic eruption from Mount Vesuvius. Rome (189) Plague kills 2000 people every day in Rome. Antioch (526) Over 200,000 people are killed in a massive earthquake Milan (539) The population of Milan, 300,000 people, are massacred by the Ostrogoths. Constantinople (732) Plague reduces the population of Constantinople by around 50 per cent. Corinth (856) An earthquake destroys the great city, leaving 45,000 dead. Medieval Disasters: 1000 – 1500 Jerusalem (1099) The Crusaders kill 40,000 people in Jerusalem, although they themselves have suffered 240,000 dead from disease and starvation. Northern Hemisphere (c.1200) The onset of the ‘Little Ice Age’ results in starvation, crop failure and epidemics across the northern hemisphere. Japan (1274) Kublai Khan’s invasion fleet is destroyed off the coast of Japan by a typhoon, sending 200 ships and 13,000 men to the bottom of the sea. Europe (1347–51) The Black Death plague kills 75 million people – one third of the population of Europe. Hispaniola (1493) The Spanish begin colonizing the Americas, beginning the destruction of entire American civilisations and the deaths of 24 million from war and disease. Africa (1497) Portugal establishes its first colonies in Africa, and begins the transatlantic slave trade which will cost over 10 million African lives. Early Modern Disasters: 1500 – 1700 Lisbon (1531) An earthquake wrecks the historic city. Natal (1552) The Portuguese ship Sao Joao runs aground on the Natal coast, drowning 100 and costing the lives of a further 500 during their walk to the nearest Portuguese outpost. Shansi province (1556) An earthquake kills 830,000 people, the greatest seismic disaster in history. New England (1617) Smallpox decimates the North American Indians of New England. North Atlantic (1622) The Spanish galleon Atocha sinks in a storm with 200 people and 200 million pesos on board. India (1632–69) Famine kills four million people in India following a severe drought. London (1666) The Great Fire of London turns large parts of central London to ashes. Zenta (1697) 10,000 Turks drown in the River Zenta when attacked by the army of Eugene of Savoy. Industrial Age Disasters: 1700 – 1900 Japan (1703) The city of Edo is wiped out by earthquake, with 200,000 dead. Lisbon (1755) A huge underwater earthquake destroys Lisbon through tremors, fire and tsunamis. India (1769) Ten million people die in the Great Famine of Bengal. Japan (1783) The eruption of Mount Asama wipes out Japanese crop yields, resulting in massive famine and infanticide. Moscow (1812) Moscow is burnt to the ground by Russian saboteurs. Sumbawa Island (1815) An enormous volcanic eruption in Indonesia ejects 50 cubic kilometres of magma into the air. Russia (1830) A cholera epidemic kills one million people. Ireland (1845) The potato crop fails and Europe-wide starvation takes hold. Mississippi River (1865) The paddle steamer Sultana, chronically overloaded with Civil War veterans, blows up and kills 1700 soldiers. Mobile, Alabama (1865) An ammunition magazine explodes, wrecking the town of Mobile and killing 300 persons. Abergele (1868) The UK’s first major rail disaster kills 33 passengers Chicago (1871) A city-wide fire leaves 100,000 people homeless. Fiji (1875) Measles is introduced into Fiji accidentally by the king, and kills a third of the population. China (1876–79) The worst drought ever recorded, in which nine million people lose their lives. Krakatoa (1883) The island of Krakatoa is destroyed by the biggest volcanic eruption in history. Disasters of a New Century: 1900–45 Martinique (1902) Mont Pelee erupts, killing the entire population of the nearby town of St Pierre. New York (1904) Fire aboard the steamboat General Slocum kills over 1000 people on the East River. San Francisco (1906) The San Francisco earthquake destroys two thirds of the city. West Virginia (1907) An explosion at the Fairmont coal mine kills 362 men and boys. New York (1911) Nearly 150 sweatshop employees of the Triangle Shirtwaist Company die in a factory fire. Atlantic (1912) The cruise ship Titanic hits an iceberg and sinks on her maiden voyage. Ireland (1916) The liner Lusitania is sunk by a German U-boat off the Irish coastline, costing 1198 lives. Global (1918–19) A worldwide influenza pandemic kills over 21 million people. USA (1925) A three-state tornado kills nearly 700 people in Missouri, Illinois and Indiana. France (1930) The British airship the R101 crashes north of Paris. China (1931) A dam across the Yangtze bursts, flooding 104,000 square kilometres of land and precipitating a famine. Soviet Union (1936–38) Stalin’s Great Purge extends over two years and costs the lives of around 10 million Soviet citizens. Nanking (1937) Japanese soldiers commit a month-long massacre of the citizens of Nanking. Leningrad (1941–44) The four-year siege of Leningrad causes the deaths of nearly 800,000 people. Connecticut (1944) The tent of the Barnham & Bailey circus catches fire, and 162 audience members of killed. Baltic (1945) The German refugee ship Wilhelm Gustloff is sunk by a Russian submarine, resulting in history’s worst maritime disaster. Modern Disasters 1945–Present Day China Famine (1959–61) Around 40 million people die of famine, a famine caused mostly by the political tamperings of the communist government. Baikonur Space Centre explosion (1960) The world’s worst space exploration accident – 91 people are killed when an R-16 rocket explodes at the Baikonur Space Centre in Kazakhstan. Aberfan (1966) Over 100 children are killed in their school by a coal waste tip landslide. Bangladesh Cyclone (1970) One million people die when a massive cyclone hits the Ganges Delta Islands, Bangladesh. Tenerife air crash (1977) In the world’s worst civil aviation disaster, two Boeing 747s collide on the runway at Los Rodeos, Tenerife, resulting in 582 dead. Samastipur Train Disaster (1981) A train plunges off a bridge into the Bagmati River in Bihar, India, killing 800 people in the world’s worst train disaster. Bhopal (1984) Thousands die at Bhopal, India, after poisonous gas leaks out from the Union Carbide Factory. Chernobyl (1986) An explosion at the Chernobyl nuclea power station leads to over 2000 deaths from the effects of radiation poisoning. Hillsborough (1989) A crowd surge at the Hillsborough stadium, Sheffield, leads to 96 fans being crushed to death against perimeter railings. New Delhi air collision (1996) Two passenger aircraft collide over New Delhi, killing 351 people. World Trade Center (2001) The worst terrorist attack in history is unleashed against the World Trade Center, New York. Space Shuttle Columbia (2003) The Space Shuttle Columbia breaks up over Texas 16 minutes before landing. Iranian Earthquake (2003) An earthquake in Bam, Iran, results in huge urban destruction and a death toll approaching 40,000. Asian Tsunami (2004) The worst tsunami incident in history kills over 120,000 people in territories bordering the Indian Ocean. Hurricane Katrina (2005) South-eastern America's coast is left devastated by flooding. Haiti Earthquake (2010) One of the world's poorest countries suffers widespread damage and approximately 250,000 people killed. Index
£9.49
Pambazuka Press Ending the Crisis of Capitalism or Ending
Book Synopsis
£16.10
LID Publishing FightBack NOW: Leveraging your assets to shape
Book SynopsisThis second book in the FightBack collection responds to the question: what could the ‘new normal’ look like? Felix Staeritz and Sven Jungmann believe that business leaders and organizations have have formidable tools at their disposal – not just to cope with this situation, but to recreate the world so they come out of this stronger and more inventive. As entrepreneurs, Staeritz and Jungmann are passionate about solving challenges through continuous experimentation, in search of the solutions that will define and shape the new normal. At its core, this book is about the shared experiences of many business leaders, academics and entrepreneurs around how corporations can most effectively build new digital models to make the most of their existing assets. FightBack NOW is a timely and necessary book, challenging leaders and organizations to consider the new realities and the urgent problems which ultimately impact the future of every person and business.
£12.74
Lit Verlag Africa and the Global Financial Crisis: Impact on
Book Synopsis
£64.76
The University of Chicago Press Fighting Financial Crises Learning from the Past
Book SynopsisA history of the effort to fight financial crises, from the mid-nineteenth century to the present.
£37.05
The University of Chicago Press Hawaii
Book SynopsisTrade Review"How do political and economic institutions evolve? How does the past shape the present? Sumner La Croix answers those questions in an illuminating study of Hawai?i that links the original settlement by humans, endemic warfare among newly formed states, the arrival of Western colonizers, and finally statehood and problems today."--Philip T. Hoffman, author of Why Did Europe Conquer the World? "Hawai?i may have been the last major archipelago on earth to be settled by humans, but its short history is enormously rich. La Croix makes an invaluable contribution to the social science history of Hawai?i by laying out clearly and persuasively how political and economic forces interacted throughout all of Hawaiian history, with particular emphasis on the nineteenth and twentieth centuries. This is an important book that will find a key place in the history of Hawai?i and the political economy of colonization and statehood."--John Joseph Wallis, coauthor of Violence and Social Orders: A Conceptual Framework for Interpreting Recorded Human History "A superb analysis of the economic and political history of Hawai?i from its inception over eight hundred years to the present. Using a unified framework of political orders, La Croix moves seamlessly through the various political transitions of local chiefs to Unified Kingdom, U.S. colony, and statehood, with their related economic implications. He documents how the structures put in place eight hundred years ago resonate in the present century. This book is a must-read for anyone interested in economic and political history and those interested in contemporary public policy."--Ann M. Carlos, coauthor of Commerce by a Frozen Sea: Native Americans and the European Fur Trade
£46.80
Columbia University Press The Watchdog That Didnt Bark
Book SynopsisHow mainstream business news failed its readers and what it means for the future of the profession.Trade ReviewThe Watchdog That Didn't Bark, given its in-depth analysis across the landscape, steeped in history, and Starkman's keen understanding of the business of journalism, can stand as a potentially enduring case study of what went wrong and why. -- Alec Klein, director of the Medill Justice Project and award-winning investigative reporter formerly with the Washington Post Starkman is literally a reporter's reporter. As such, he gets to the bottom of the story of how the U.S. business press could miss the most important economic implosion of the past eighty years until it was too late, and he does so with prose that is intelligent, engaging, and erudite. I recommend The Watchdog without reservation. -- Eric Alterman, Brooklyn College, and media columnist, The Nation Here is the missing piece in the financial-crisis mystery: how did our vaunted business-journalism sector manage to miss the problem with mortgage-backed investments? The answer, as Dean Starkman shows us in this amazing autopsy, is that the business outweighs the journalism and that it is getting worse, not better, as we go forward. -- Thomas Frank, author of Pity the Billionaire: The Hard-Times Swindle and the Unlikely Comeback of the Right Journalism was complicit in the predation and corruption that brought down world financial markets and wrecked the lives of millions. Obsessed with shallow scoops, giddy from the laughing gas of access, financial journalists abjectly failed to connect dots, and left abusive, reckless, and criminal corporations free to drag the global economy into the abyss. Dean Starkman is the author we have been waiting for to tell this story. He not only puts forward a keen, subtle, and fair account of the journalistic default, he names names. -- Todd Gitlin, author of Media Unlimited: How the Torrent of Images and Sounds Overwhelms Our Lives With American journalism at sea, here comes a navigator who really knows its mission, the riptides it is facing, and the ports it must reach. Starkman tells it all with the heart, clarity, and dry wit that redeem business journalism even while showing how it lost its anchor and compass. -- Jim Sleeper, former editor and columnist at Newsday and the New York Daily News Journalists did not miss the subprime lending that spun into the devastating financial collapse of 2008. Excellent reporting was available, from the Financial Times to the Los Angeles Times to a small alternative publication, Southern Exposure. Yet Dean Starkman shows that even reporters who were on top of things buried the lead: the story was not new financial instruments, risky investments, or high-pressured Wall Street. The story was corruption. There were old-fashioned, greedy villains. Old-fashioned moralizing was called for. It would have had the advantage of being both true and fascinating. So how did so many fine journalists miss the big story? Read Starkman's powerful and disturbing analysis of how business journalism came to write for an audience of investors, not citizens. You may not share his every judgment, but this account has the advantage of being both true and fascinating. -- Michael Schudson, Columbia Journalism School, author of The Power of News As fair and balanced as a solar-plexus punch can be. Kirkus Reviews Starkman provides keen analysis of how the media failed in its mission at a crucial time for the U.S. economy. Booklist Compelling... Starkman offers an excellent and clear theoretical explanation for some of the problems with watchdog journalism generally. International Journal of Communication Detailed and fully satisfying... Criminal Law and Criminal Justice Books The Watchdog That Didn't Bark adds greatly to our understanding of business journalism and the country's most recent financial meltdown. Starkman writes that it is intended for lay readers, but journalism students and historians will find much value here as well. H-NetTable of ContentsAcknowledgments Introduction: Access and Accountability 1. Ida Tarbell, Muckraking, and the Rise of Accountability Reporting 2. Access and Messenger Boys: The Roots of Business News and the Birth of the Wall Street Journal 3. Kilgore's Revolution at the Wall Street Journal: Rise of the Great Story 4. Muckraking Goes Mainstream: Democratizing Financial and Technical Knowledge 5. CNBCization: Insiders, Access, and the Return of the Messenger Boy 6. Subprime Rises in the 1990s: Journalism and Regulation Fight Back 7. Muckraking the Banks, 2000-2003: A Last Gasp for Journalism and Regulation 8. Three Journalism Outsiders Unearth the Looming Mortgage Crisis 9. The Watchdog That Didn't Bark: The Disappearance of Accountability Reporting and the Mortgage Frenzy, 2004-2006 10. Digitism, Corporatism, and the Future of Journalism: As the Hamster Wheel Turns Notes Bibliography Index
£17.99
Columbia University Press The Restructuring of Capitalism in Our Time
Book SynopsisTrade ReviewOf all the many books on the economic crisis, this is the best. William K. Tabb has absolute command of his subject and provides the clearest account yet of the financial folly that has brought the United States to its knees. Eminently readable and reasonable, his book cuts through the clouds of obfuscation by politicians and economists alike to draw a clear lesson: financialization is a cancer running through the American economy, one that continues to suck the life out of industry, corrupt capitalists, and Congress, generating more froth than real growth or jobs. A wonderful book and a real pleasure to read. -- Richard Walker, University of California, Berkeley, and author of The Capitalist Imperative: Territory, Technology, and Industrial Growth Tabb...makes a valuable contribution to the proliferating literature on the ongoing financial crisis with this well-written, carefully researched account of the great recession. Choice It isn't an easy read like the latest Michael Lewis best seller, but those who perserve will be rewarded. -- Fred Block Pacific Standard ... Tabb strives to offer an analytically deep account of real-world developments, not a theory for its own sake... He offers his readers a wealth of empirical evidence and secondary references to substantiate his claims, and he opts for nuance instead of hyperbole where appropriate. This reviewer for one has not seen another crisis-book that manages so wellto fuse big picture thinking with attention to detail. -- Daniel Mugge, University of Amsterdam Review of International Political Economy William Tabb has written an excellent account of the causes of the 2007-2008 credit crunch - and what in 2009 became the first global recession since the 1930s. -- Jonathan Michie, Oxford University International Review of Applied EconomicsTable of ContentsAcknowledgments 1. The Centrality of Finance 2. Financialization and Social Structures of Accumulation 3. Realism in Financial Markets 4. The Shadow of the Financial System 5. The Coming Apart 6. Rescue and the Limits of Regulation 7. Nations, Globalization, and Financialization 8. The Present in History References Index
£38.25
Pennsylvania State University Press Rhetoric Inc. Fords Filmmaking and the Rise of
Book SynopsisExamines motion pictures produced or sponsored by Ford Motor Company from a rhetorical perspective, demonstrating how the films reveal a long-term rhetorical project that has helped embed corporations into many of the social systems guiding societies today. Trade Review“This book does important work by advancing a theory of how society may be organized around terms, values, images, and ways of thinking promulgated by corporations. It makes a valuable contribution to communication and rhetorical theory, to film studies, and even to economics.”—Barry Brummett,author of Rhetoric of Machine Aesthetics“This book brings together a set of literatures that, taken together in service of the case study at hand, offer a fascinating perspective on the relationship between rhetoric, film, corporatization, and hegemony. The central concept—incorporational rhetoric—will undoubtedly be useful to a wide range of scholars studying consumerism and commercial discourse, and rhetoric writ large.”—Christine Harold,author of OurSpace: Resisting the Corporate Control of Culture
£26.96
Yale University Press The Memoirs of Walter Bagehot
Book SynopsisThe spirited and measured memoir of Walter Bagehot, had he left oneTrade Review“[Prochaska] has done a remarkable job . . . What he has accomplished is a quiet tour de force, often tightening and (if it is permitted to say so) improving on the original . . . Frank Prochaska has shone an agreeable and revelatory light upon this great Victorian writer by an artful deployment of literary mirrors, not lanterns. The Memoirs of Walter Bagehot is a testimony not only to his command of the Bagehot oeuvre but also to his deep understanding of Bagehot’s curious place in the pantheon of that endangered species, the man of letters.”—Roger Kimball, Literary Review -- Roger Kimball * Literary Review *“A brief and eminently readable introduction to a stimulating writer and thinker, a man for whom the term 'public intellectual' may have been coined.”—Gertrude Himmelfarb, The Weekly Standard -- Gertrude Himmelfarb * The Weekly Standard *“An ambitious ‘reconstruction’ . . . Augustine Birrell, the English politician and belle-lettrist, put the matter as plainly as Bagehot himself might have: "To know Walter Bagehot through his books," he said, "is one of the good things of life." And so is knowing Bagehot through these ‘Memoirs.’”—George Selgin, The Wall Street Journal -- George Selgin * The Wall Street Journal *“As far as I can check, pretty much everything in this little book is direct quotation, with only minimal editorial linking. So you will probably get as good a picture of what Bagehot was like and what he thought from Prochaska’s two hundred pages as from St John Steva’s 15 volumes. Prochaska picks out the plums nicely, and the ripest and juiciest are usually Bagehot’s remarks on the world he really knew from the inside, the world of money.”—Ferdinand Mount, London Review of Books -- Ferdinand Mount * London Review of Books *
£26.92
WW Norton & Co End This Depression Now
Book SynopsisA call-to-arms from Nobel Prizewinning economist and best-selling author Paul Krugman.Trade Review"An important contribution to the current study of economics and a reason for hope that effective solutions will be implemented again." "Starred review. Krugman (Fuzzy Math), winner of the 2008 Nobel Prize in Economics, takes an edifying and often humorous journalistic approach to the current economic crisis in this accessible and timely study. Rather than provide a mere postmortem on the 2008 collapse (though relevant history lessons are provided), Krugman aims to plot a path out of this depression. Krugman has consistently called for more liberal economic policies, but his wit and bipartisanship ensure that this book will appeal to a broad swath of readers-from the Left to the Right, from the 99% to the 1%."
£18.99
WW Norton & Co Lost Decades
Book SynopsisA clear, authoritative guide to the crisis of 2008, its continuing repercussions, and the needed reforms ahead.Trade Review"An excellent read. [Chinn and Frieden] anticipated a movement like Occupy Wall Street." -- Occupy Wall Street Forum"[An] important book, which deserves to be widely read and debated." -- Publishers Weekly"An invaluable resource in a time of great uncertainty. Intelligent yet accessible to non-experts, [it] fills a valuable niche in a debate often dominated by ideological talking heads who thrive on popular anger and drain the political system of sensible dialogue." -- Jon Rosen - USA Today"If you enjoy seeing the Gottmans as presenters, you will love their most recent book, 10 Principles for Doing Effective Couples Therapy. Extraordinary therapists and gifted researchers, it’s as if you can hear the authors’ voices emanate from the text. . . . [E]asy to read, while also providing useful concepts and a formula that works. . . . Of course, I recommend this book. It can be used as a resource guide, as well as one that offers immediate tools for working with clients. The research-based wisdom will no doubt become standardized knowledge because of how applicable it is for clinical work." -- Simon Johnson, MIT, co-author of 13 Bankers"[L]ike their previous books, 10 Principles attempts to break down a complex issue into something more tangible. . . . [T]he heart of this text focuses on well-crafted principles for effective therapy, and includes scientific research, assessments, exercises, and statistics. . . . Few things are more fascinating than when therapy and scientific research come together, which is precisely why any work produced by John or Julie Gottman makes for an interesting read." -- Ernesto Zedillo, Director of the Yale Center for the Study of Globalization Former President of Mexico"Known for their iconic research on couples, their prolific writings, and the development of a couples therapy informed by their research findings, Julie and John Gottman, in this well written and comprehensive book, gift their clinical wisdom and processes to couples therapists. Filled with clinical insight, coherent theory, case illustrations, various data gathering forms, and a treatment plan, this book should increase the competence and confidence of any clinician who is wise enough to read it." -- Dani Rodrik, author of The Globalization Paradox"In 10 principles, this book lays out in an eminently readable and accessible way the basic steps of effective couple therapy. It is a great contribution to the field and will guide numerous therapists onto the path of successful intervention." -- Nouriel Roubini, Stern School of Business, NYU
£19.00
John Wiley & Sons Inc Restoring Financial Stability
Book SynopsisAn insightful look at how to reform our broken financial system The financial crisis that unfolded in September 2008 transformed the United States and world economies. As each day''s headlines brought stories of bank failures and rescues, government policies drawn and redrawn against the backdrop of an historic Presidential election, and solutions that seemed to be discarded almost as soon as they were proposed, a group of thirty-three academics at New York University Stern School of Business began tackling the hard questions behind the headlines. Representing fields of finance, economics, and accounting, these professors-led by Dean Thomas Cooley and Vice Dean Ingo Walter-shaped eighteen independent policy papers that proposed market-focused solutions to the problems within a common framework. In December, with great urgency, they sent hand-bound copies to Washington. Restoring Financial Stability is the culmination of their work. Proposes bold, yTrade Review"In conclusion, this book should be read by every serious observer of the crisis. It is an outstanding contribution." (Lombard Street) "…ably tackles complex issues and covers a wide spectrum of the current debate, including the multiplicity of regulators, the need for international regulatory coordination, transparency, fair value accounting, compensation reform, and the extent to which monetary policy should address systemic asset bubbles." (The Investment Professional) “…the book that best combines history, analysis and prescription is “Restoring Financial Stability”, a series of essays by academics at New York University’s Stern School of Business. The 60-page prologue is packed with telling facts and sophisticated analysis, and alone is worth the steep cover price. The individual chapters deal methodically with the myriad issues raised by the crunch, and the policy changes that will be needed, covering everything from the American mortgage market to the need for international cooperation in regulating finance." (The Economist) "We are always better analysts with a 20/20 hindsight. Indeed, an ex post reading about events leading up to a crisis appears logical, and often leaves one with the question about why the evolution of the crisis could not be seen and corrected in time. Still, policy-makers know that such a review and understanding are important to learning from mistakes. Restoring Financial Stability (Wiley) acts as a catalyst to that understanding by offering a comprehensive sequencing of the causes and progression of the build-up of the financial strains that . . evolved into a full-blown global financial crisis. . . highly recommended even though bankers will remain bankers and will probably figure out ways to beat the new system." (Business Standard) Table of ContentsForeword xi Acknowledgments xiii Prologue: A Bird’s-Eye ViewThe Financial Crisis of 2007–2009: Causes and Remedies 1Viral V. Acharya, Thomas Philippon, Matthew Richardson, and Nouriel Roubini Part One Causes of the Financial Crisis of 2007–2009 57 Matthew Richardson Chapter 1 Mortgage Origination and Securitization in the Financial Crisis 61 Dwight Jaffee, Anthony W. Lynch, Matthew Richardson, and Stijn Van Nieuwerburgh Chapter 2 How Banks Played the Leverage Game 83 Viral V. Acharya and Philipp Schnabl Chapter 3 The Rating Agencies: Is Regulation the Answer? 101 Matthew Richardson and Lawrence J. White Part Two Financial Institutions 117 Matthew Richardson Chapter 4 What to Do about the Government-Sponsored Enterprises? 121 Dwight Jaffee, Matthew Richardson, Stijn Van Nieuwerburgh, Lawrence J. White, and Robert E. Wright Chapter 5 Enhanced Regulation of Large, Complex Financial Institutions 139 Anthony Saunders, Roy C. Smith, and Ingo Walter Chapter 6 Hedge Funds in the Aftermath of the Financial Crisis 157 Stephen J. Brown, Marcin Kacperczyk, Alexander Ljungqvist, Anthony W. Lynch, Lasse H. Pedersen, and Matthew Richardson Part Three Governance, Incentives, and Fair Value Accounting Overview 179 Viral V. Acharya and Rangarajan K. Sundaram Chapter 7 Corporate Governance in the Modern Financial Sector 185 Viral V. Acharya, Jennifer N. Carpenter, Xavier Gabaix, Kose John, Matthew Richardson, Marti G. Subrahmanyam, Rangarajan K. Sundaram, and Eitan Zemel Chapter 8 Rethinking Compensation in Financial Firms 197 Gian Luca Clementi, Thomas F. Cooley, Matthew Richardson, and Ingo Walter Chapter 9 Fair Value Accounting: Policy Issues Raised by the Credit Crunch 215 Stephen G. Ryan Part Four Derivatives, Short Selling, and Transparency 229 Viral V. Acharya Chapter 10 Derivatives: The Ultimate Financial Innovation 233 Viral V. Acharya, Menachem Brenner, Robert F. Engle, Anthony W. Lynch, and Matthew Richardson Chapter 11 Centralized Clearing for Credit Derivatives 251 Viral V. Acharya, Robert F. Engle, Stephen Figlewski, Anthony W. Lynch, and Marti G. Subrahmanyam Chapter 12 Short Selling 269 Menachem Brenner and Marti G. Subrahmanyam Part Five The Role of the Federal Reserve 277 Thomas F. Cooley and Thomas Philippon Chapter 13 Regulating Systemic Risk 283 Viral V. Acharya, Lasse H. Pedersen, Thomas Philippon, and Matthew Richardson Chapter 14 Private Lessons for Public Banking: The Case for Conditionality in LOLR Facilities 305 Viral V. Acharya and David K. Backus Part Six The Bailout 323 Thomas F. Cooley and Thomas Philippon Chapter 15 The Financial Sector Bailout: Sowing the Seeds of the Next Crisis? 327 Viral V. Acharya and Rangarajan K. Sundaram Chapter 16 Mortgages and Households 341 Andrew Caplin and Thomas F. Cooley Chapter 17 Where Should the Bailout Stop? 353 Edward I. Altman and Thomas Philippon Part Seven International Coordination 363 Chapter 18 International Alignment of Financial Sector Regulation 365 Viral V. Acharya, Paul Wachtel, and Ingo Walter About the Authors 377 Index 381
£30.39
John Wiley & Sons Inc Broke
Book SynopsisWhat principled business leaders can do to solve America''s current financial crisis Broke is a startling wake-up call for America and an honest accounting of what our future holds if we don''t take charge and change our country for the better. If the business of America is business, then it''s up to our business leaders to solve the mess we''re in. Broke offers practical, nonpolitical, and nonpartisan solutions that every business leader can implement today for a better tomorrow. Whether you operate a giant corporation or a local small business, you''ll find practical steps to limit future risks, strengthen every business, stabilize the current economy, and help turn the country around. Author John Mumford has spent decades helping business leaders turn around failing companies. Now, he helps them to turn around a failing country. Presents bold initiatives and concrete steps every business leader can use to create a better futuTable of ContentsPreface. Acknowledgments. PART I BUSINESS LEADERSHIP IN TWENTY-FIRST CENTURY AMERICA. Chapter 1 Down a Dark Road. Chapter 2 The Dilemma—Is America Off Course? Chapter 3 Applying Timeless Principles to Business Leadership. Chapter 4 Business Leadership and the Political Process. PART II PRINCIPLED LEADERSHIP AND FINANCIAL STABILITY. Chapter 5 The Vital Role of Business Leaders—Getting Your Enterprise in Top Shape. Chapter 6 Overcoming the Declining Dollar. Chapter 7 Managing Business Debt (So It Doesn't Manage You!). Chapter 8 Avoiding Derivatives and Financial Tsunamis. Chapter 9 Preparing for Inevitable Disasters. Chapter 10 Controlling Inflation's Damage to Business. Chapter 11 Avoiding the Liquidity Traps. Chapter 12 Maintaining Sound Business Pensions. Chapter 13 Business and Our Nation's Financial Stability. PART III MANAGING VITAL RESOURCES. Chapter 14 Water—Business and a New Direction. Chapter 15 Business Solutions to Energy Gridlock. Chapter 16 Environment—Renewal and Redirection. Chapter 17 Infrastructure Renewal—Business Can Lead. PART IV PRINCIPLED BUSINESS LEADERSHIP AND OUR GLOBAL CHALLENGES. Chapter 18 Business and Renewed International Relationships. Chapter 19 Business and the Limits to Empire. Chapter 20 Overcoming Technology Losses. Chapter 21 Limiting the Impact of Terror. Chapter 22 Business Solutions for the Developing World. Chapter 23 Business and International Environmental Resources. PART V BUSINESS: LEADING OR FOLLOWING—THE CHOICE IS OURS. Chapter 24 The Role of Principled Leadership in America's Turnaround. Chapter 25 A Tale of Two Nations—Which Path Will We Choose? Appendix A America's Economic / Business Leadership Failures: 1965 to the Present Appendix B Repaying America's Debt: Staffing the National Service Corps: 2010 to 2030. Appendix C Meeting America's Growing Power Demands. Notes. Bibliography. Index. About the Author.
£17.84
John Wiley & Sons Inc Barbarians of Wealth
Book SynopsisHow the actions of a few in Europe destroyed the prosperity of the many (and how it's happening again now in America) After the fall of the Roman Empire, vicious barbaric tribes including the Hunds lead by Atilla, the Mongols, Charlemagne and the Vikings invaded Europe, plundering property and destroying homes.Table of ContentsForeword ix Acknowledgments xiii Introduction 1 Part One: Great Barbarians of History 7 Chapter 1 Attila the Hun: The Scourge of God 9 Chapter 2 Charlemagne: The Clandestine Barbarian 21 Chapter 3 The Vikings: Savage Pirates, Savvy Traders 33 Chapter 4 Genghis Khan: Mighty Warrior 43 Part Two: Banks: The Barbarians of Money 55 Chapter 5 The Brotherhood of Power 57 Chapter 6 Race to the Bottom Line 77 Chapter 7 Say Goodbye to Gold 97 Chapter 8 The Gatekeepers 117 Chapter 9 Money for Nothing 139 Chapter 10 The Barbarians’ Powerful Ally 161 Part Three: The Barbarians of Wall Street 179 Chapter 11 The Scourge of Wall Street 181 Chapter 12 Epic Tool of Destruction 203 Chapter 13 The Brotherhood of Banks 221 Chapter 14 Wall Street Bloodlines 241 Part Four: Political Barbarians 265 Chapter 15 The Monied-Class Rulers and Demigods 267 Chapter 16 Barbarians in the Lobby 281 Chapter 17 Global Barbarians 297 Part Five: Protection Strategies 311 Chapter 18 Diversification: The Key to Wealth Protection 313 Chapter 19 Precious Metals: Inflation Protection Strategies 323 Chapter 20 Barbarians of Wealth, Castles of Currency 339 Chapter 21 Arm Yourself with Ultra-Resource-Rich Countries 355 Notes 373 About the Authors 413 Index 415
£19.54
Harvard University Press Austrian Reconstruction and the Collapse of
Book SynopsisAlthough some statesmen and historians have pinned Austria’s—and the world’s—interwar economic implosion on financial colonialism, in this corrective history Nathan Marcus deemphasizes the negative role of external players and points to the greater impact of domestic malfeasance and predatory speculation on Austrian political and financial decline.
£41.61
Princeton University Press The Subprime Solution
Book SynopsisThe subprime mortgage crisis wreaked havoc on the lives of millions of people and threatened to derail the US economy and economies around the world. This book calls for a restructuring of the institutional foundations of the financial system that can allow people once again to buy and sell homes with confidence.Trade ReviewRobert J. Shiller, Co-Winner of the 2013 Nobel Prize in Economics Winner of the 2009 Bronze Medal in Finance/Investment/Economics, Independent Publisher Book Awards Honorable Mention for the 2008 PROSE Award in Business, Finance, and Management, Association of American Publishers "One man who does have some ideas is the Yale economist Robert Shiller, who would merit attention if only for the fact that he predicting the bursting of the Internet bubble, in 2000, with his book Irrational Exuberance, then discussed at length the dangers of systematic risk in his next, The New Financial Order. Now, in The Subprime Solution--published in August, after the start of the meltdown, but before the full scale of the disaster had become manifest--he comes up with a set of startlingly counterintuitive suggestions about what to do next."--John Lanchester, The New Yorker "With The Subprime Solution, Robert J. Shiller offers his formula to protect us from repeating such disasters: more financial engineering. It would be easy to sneer at this idea, but Mr. Shiller, an economics professor at Yale University, always deserves a hearing... In what he describes as a 'brief manifesto,' Mr. Shiller argues that bailouts of distressed borrowers are inevitable to avoid wrecking our economy and shredding our social fabric--even though bailouts may punish the prudent (say, through higher taxes) while comforting those who gambled on real estate and lost."--James R. Hagerty, Wall Street Journal "Irrational exuberance, or the 'social contagion of boom thinking,' is ... the subject of Shiller's new book, The Subprime Solution, a slim but valuable addition to the growing literature on the ongoing collapse of the housing market."--Max Fraser, The Nation "[The Subprime Solution is] a lucid primer on how we slipped into this money pit and what it might take to clamber out of it... Shiller is sometimes called a Cassandra, and his prophesies about the dot-com and housing bubbles did come true. Yet in these pages he sounds more like a visionary optimist who considers today's emergency to be a grand opportunity."--James Pressley, Bloomberg News "In The Subprime Solution, [Shiller] briskly sketches out his views on both short-term and long-term strategies for dealing with a housing meltdown that's left millions of Americans a lot less wealthy--and an unfortunate number at risk for losing their homes... The book's most compelling discussion centers on the long-term opportunities that lie in this crisis. Shiller describes how key parts of America's financial system--the Federal Reserve, the Securities and Exchange Commission, and the FDIC, to name only three--were created in the reforms after earlier bank crises or the Great Depression... Shiller suggests that political leaders should look at the current crisis as an opportunity to rethink the homebuying process and add new protections to keep homeowners from getting in over their heads during a future bubble."--Daniel McGinn, Newsweek.com "What sets Shiller apart--brilliantly apart--from other analysts of the housing bubble are the sharpness of his diagnoses and the creativity of his solutions. These are the core of his excellent new book, The Subprime Solution... [A] brilliant and radical--but not implausible--perspective on putting the Humpty Dumpty that is American finance together again."--Arvind Subramanian, Forbes.com "Yale University's Robert Shiller is one of the world's outstanding economic thinkers and intellectual innovators, with a record of foresight that is the envy of his profession... His short, snappy and surprisingly far-reaching book on the subprime crisis is as interesting and indispensible as you would expect... The Subprime Solution is an ambitious little volume... It covers a remarkable amount of ground in less than 200 pages... [T]he book's broad framing of the issues is novel and valuable, and its arguments are always stimulating... Shiller ... is an ardent financial-technology optimist, and his book is a torrent of fascinating ideas. Anybody interested in the subject must profit from reading it."--Clive Crook, Financial Times "Robert J. Shiller explains how trillions of dollars of mortgage debt, based on dubious loans to doubtful borrowers, were forfeited and how it can be fixed. An influential economist, he offers insights into the growth of the credit bubble and solutions for curing the ensuing chaos... Shiller's reputation in economics, his majestic prose style, his statistical proofs and his vast coterie of admirers suggest that at least some of his recommendations will become part of U.S. mortgage regulation... For those who want to figure out how to fix the global credit crisis that has developed as a result of Americans' inability or unwillingness to read their mortgage contracts, The Subprime Solution is vital reading. It is advocacy built on faith that government does good, that intervention never produces unintended results and that there is no other way to fix the mortgage mess."--Andrew Allentuck, The Globe & Mail "In his new book, The Subprime Solution, the Yale University professor sounds an alarm that the credit crunch, now early in its second year, poses a dire risk. His text is a stimulating, rapid response to current events--and a forceful demand for dramatic action from Washington, where, he says, the White House and Congress have been 'totally inadequate' to the task... [A] storehouse of valuable, provocative ideas awaits the reader of The Subprime Solution."--Christopher Farrell, BusinessWeek "In The Subprime Solution, he argues that what united the missteps by the Federal Reserve, mortgage brokers, Wall Street bankers, and home buyers that together brought on the current financial mess was a shared belief that house prices never go down. What's the antidote to that kind of mass delusion? Shiller seems to have no interest in substituting his judgment, or the government's, for the market's. Instead, he sees information and innovation as the counter to group think."--Justin Fox, Time "Robert J. Shiller's clear-eyed look at what happened in the U.S. housing market--and what might be done about it--is not keen to attribute blame to the actors in the drama. He explains that the development of subprime mortgages in the Nineties was welcomed as a way of extending home ownership to those once locked out of the market, and it was not the dishonesty of the mortgage lenders, or the greed of bankers, that led to the bubble. There was dishonesty and greed, but these were the result of the bubble, not its cause."--Tim Worstall, The Telegraph "American optimism: Is there any investment bubble it can't fuel? Consider the excesses of the housing market, the effects of which are roiling the global economy. As Yale University economist Robert Shiller demonstrates in his short, whip-smart new book The Subprime Solution, there was a contagion at work that helped pushed home prices to unsustainable levels... Shiller's views are grounded in exhaustive research and penetrating analysis. The Subprime Solution should be read by anyone with assets at risk in the global financial crisis and a desire to fix things ahead of the next crisis. Which is to say, all of us."--Robert Elder, Austin American-Statesman "Robert Shiller's got an argument that will make some peoples' heads explode in his new book The Subprime Solution--we need more speculation in the housing market... I said above that this solution will make some peoples' heads explode, that the solution to an excess of speculation is to create a market in yet more speculation. Yet in this case ti is indeed true, this is a valid solution."--Tim Worstall, The Register "[The Subprime Solution] is short, punchy and political. Shiller is a top-flight academic economist who has often warned of the tendency of markets towards irrational exuberance, and of the harmful consequences that follow. He is rightly scathing towards the 'boosters' who kept assuring us that house prices only rise, and he gains authority for having spoken out during the boom, when it was an unpopular position to hold... Shiller's debunking of house price myths is masterful. Especially important is his rubbishing of the concept of scarcity ... Shiller's explanations are sophisticated and intelligent, and they are also admirably clear."--Michael Savage, Fund Strategy "The Subprime Solution, his postmortem on irrational exuberance in the real estate market, is superb, even for general-interest readers otherwise confused by the whole mess. Though his introduction reads a bit like an arid position paper, his insistence on the fundamentally psychological, rather than economic, basis of the boom is supple and fascinating."--Andrew Rosenblum, New York Observer "If you're unfamiliar with Robert Shiller then understand that he is perhaps the most eminent and considered examiner of modern investment bubbles... Shiller's new book, The Subprime Solution, is a concise attempt to elaborate in just seven short chapters the genesis of the housing bubble, explode its myths, explore its scale and the dangers of its deepening impact, assert the need to maintain confidence in our economic and financial institutions by aggressive action, and then explore longer-term, more fundamental reforms and innovations that will create a population much more attuned to economic risk... There are many more recommendations, but if this book has the ambition of Keynes' earlier work, and the scale of the problem is as suggested, I'd argue that the book is as accessible as you are going to get from such a modern behavioural economics guru. It's a book that everyone who lives in a house should own; just don't buy ten and try to rent them out to friends."--The Knackered Hack "In his latest work, The Subprime Solution, Shiller explains that greater financial 'democracy' and a 'contagion of ideas' led many to conclude a 'new era' had been reached in real estate. The public expected prices to rise continually. Worse, Shiller wrote: 'The very people responsible for oversight were caught up in the same high expectations for future prices.'... Shiller's The Subprime Solution is well worth the read for individuals and private enterprise looking to understand current real estate bubble. It should be required reading for public policy makers who need to take immediate action to solve the subprime crisis."--John Fout, TheStreet.com "Like the financial bubble in technology stocks that exploded in 2000, real estate investors acted on unrealistic assumptions that prices could only go up. In the aftermath, Shiller's recommendation to policy makers is 'Mend It, Don't End It.' He advises regulatory modifications and greater financial disclosure from all players in the complex mortgage-banking process."--Kevin G. Hall, McClatchy Newspapers "In [The Subprime Solution], he provides the ignoramuses on Wall Street, asleep-at-the-switch regulators and dumbfounded investors worried about their savings with a stark insight to digest over the last two weeks of summer: 'We as a society do not understand or know how to deal with speculative bubbles.'"--Robert Lenzner, Forbes.com " [I]t's an interesting book... [S]hiller convinced me ... that bailing out banks and borrowers who've been clobbered might be the right thing to do."--Dan Pink, danpink.com "In his now-famous 2005 book, Irrational Exuberance, Second Edition, Yale professor and economist Robert Shiller predicted a boom and bust in real estate would have terrifying global ramifications. He was mocked by realtors, but global bank failures and the bailout of Fannie Mae and Freddie Mac have proved him dead on. Now Shiller strikes again with The Subprime Solution, his suggestion for sweeping economic reform to get us out of this mess."--Katie Benner, Fortune "While initially providing a short and concise understanding of the subprime fiasco, Shiller goes on to investigate the various financial collapses over the years and the history of recent housing arrangements, searching for clues that might inspire a universal remedy to our current predicament... Along the way, the narrative, which skips along without being fussy or intrusive, also emphasises the characteristics, psychology and lifespan of the bubble--be it financial, IT or housing--and how the way we've changed the way we think 'is the deepest cause' of the current variant of the malignancy."--Paul O'Doherty, The Investor "[Shiller] offers a primer on the history of home prices, roots of subprime lending and a road map of what to do now. The book is at its best when explaining how so few in authority imagined what has come to pass. Shiller says they were filled with same housing boom faith held by the public."--Jim Wasserman, The Sacramento Bee "In his latest book, The Subprime Solution, he briefly but deftly dissects how easy credit, lack of government oversight and human behavior allowed the subprime bubble to inflate. Shiller's understanding of human behavior is the book's genius, both in the diagnosis and the proposed cures."--Robert Frick, Kiplinger's "For a closer examination of the crisis, there's The Subprime Solution by Yale University economist Robert J. Shiller, the bestselling author of Irrational Exuberance. In his new book, Shiller focuses more tightly on the stock market bubble of the 1990s and the housing bubble of the last seven years, which led lenders to loosen requirements for loans and resell these questionable loans in the subprime market. He shows how the bubble, when overheated housing prices cooled and asset values fell, burst and led directly to the subprime mortgage crisis that torpedoed the credit markets and with them stock markets worldwide."--Geeta Sharma-Jensen, Milwaukee Journal-Sentinel "In this slim volume, Shiller not only describes the problem but also places equal emphasis on various proposals to correct it. Rather than viewing the subprime meltdown and credit contraction as a handwringing crisis, he sees it as an opportunity to initiate institutional reforms that will ensure against repeat failures and extend opportunities for home ownership... An important, timely book."--E.L. Whalen, Choice "Reading Shiller also makes me optimistic. Ever the contrarian, he's convinced that, used properly, the new financial technologies that have such a bad name right now will make us all much better off in the long run. In particular, he's working on ways ordinary folk can get out from under the now standard but truly bizarre investment custom in which most of us sink most of our net worth into a single piece of real estate. What kind of sensible diversification is that? What Shiller proposes is the market-led 'democratization of finance.' Coming from anyone else you'd think it was a scam. But read his book and you'll end up feeling strangely optimistic, despite the enveloping gloom."--William Watson, Montreal Gazette "The Subprime Solution is an easy read at less than 200 pages. People seeking to understand the cause of the housing bubble, and those wanting to consider short- and long-term solutions would be well-served reading it."--Bill Freehling, Fredricksburg Free Lance-Star "In The Subprime Solution, which he wrote just as the system was beginning to implode, he says that what is needed now is the next stage of financial innovation, not constriction...He also sees government intervention as vital to channel animal spirits and innovation...In essence, Shiller is laying the intellectual groundwork for the next financial revolution."--Zachary Karabell, Newsweek "The book is not so much an analysis of the subprime crisis as an essay that ruminates on the genesis and evolution of financial bubbles in general and housing bubbles in particular. Shiller believes correctly that economists, in their emphasis on rational decision-making, have confused desired outcomes with actual outcomes--and have paid far too little attention to the reality of swings in social sentiments that can move market prices far from sustainable levels."--Richard N. Cooper, Foreign Affairs "This is an important book from a distinguished academic... The book offers a coherent alternative to policy makers. They should consider its recommendations very seriously."--Shamik Dhar, The Business Economist "[T]his is an exciting book that is to be read under the current market condition. It provides us some hope of correcting the existing problems, so as to have a brighter future."--Ye Xu, Journal of Property Investment & Finance "Policymakers, and students of financial history, money and macroeconomics, will find much of value in Shiller's assessment of the subprime debacle."--Oscar T. Brookins, Eastern Economic JournalTable of ContentsAcknowledgments ix Chapter 1: Introduction 1 Chapter 2: Housing in History 29 Chapter 3: Bubble Trouble 39 Chapter 4: The Real Estate Myth 69 Chapter 5: A Bailout by Any Other Name 87 Chapter 6: The Promise of Financial Democracy 115 Chapter 7: Epilogue 171 Index 179
£13.29
Princeton University Press The Subprime Solution
Book SynopsisThe subprime mortgage crisis has already wreaked havoc on the lives of millions of people and now it threatens to derail the US economy and economies around the world. In this book, the author reveals the origins of this crisis and puts forward bold measures to solve it.Trade ReviewRobert J. Shiller, Co-Winner of the 2013 Nobel Prize in Economics Winner of the 2009 Bronze Medal in Finance/Investment/Economics, Independent Publisher Book Awards Honorable Mention for the 2008 Award for Excellence in Business, Finance and Management, Association of American Publishers "One man who does have some ideas is the Yale economist Robert Shiller, who would merit attention if only for the fact that he predicting the bursting of the Internet bubble, in 2000, with his book Irrational Exuberance, then discussed at length the dangers of systematic risk in his next, The New Financial Order. Now, in The Subprime Solution--published in [2008], after the start of the meltdown, but before the full scale of the disaster had become manifest--he comes up with a set of startlingly counterintuitive suggestions about what to do next."--John Lanchester, The New Yorker "With The Subprime Solution, Robert J. Shiller offers his formula to protect us from repeating such disasters: more financial engineering. It would be easy to sneer at this idea, but Mr. Shiller, an economics professor at Yale University, always deserves a hearing... In what he describes as a 'brief manifesto,' Mr. Shiller argues that bailouts of distressed borrowers are inevitable to avoid wrecking our economy and shredding our social fabric--even though bailouts may punish the prudent (say, through higher taxes) while comforting those who gambled on real estate and lost."--James R. Hagerty, Wall Street Journal "Irrational exuberance, or the 'social contagion of boom thinking,' is ... the subject of Shiller's new book, The Subprime Solution, a slim but valuable addition to the growing literature on the ongoing collapse of the housing market."--Max Fraser, The Nation "In The Subprime Solution, [Shiller] briskly sketches out his views on both short-term and long-term strategies for dealing with a housing meltdown that's left millions of Americans a lot less wealthy--and an unfortunate number at risk for losing their homes... The book's most compelling discussion centers on the long-term opportunities that lie in this crisis. Shiller describes how key parts of America's financial system--the Federal Reserve, the Securities and Exchange Commission, and the FDIC, to name only three--were created in the reforms after earlier bank crises or the Great Depression... Shiller suggests that political leaders should look at the current crisis as an opportunity to rethink the homebuying process and add new protections to keep homeowners from getting in over their heads during a future bubble."--Daniel McGinn, Newsweek.com "Yale University's Robert Shiller is one of the world's outstanding economic thinkers and intellectual innovators, with a record of foresight that is the envy of his profession... His short, snappy and surprisingly far-reaching book on the subprime crisis is as interesting and indispensible as you would expect... The Subprime Solution is an ambitious little volume... It covers a remarkable amount of ground in less than 200 pages... [T]he book's broad framing of the issues is novel and valuable, and its arguments are always stimulating... Shiller ... is an ardent financial-technology optimist, and his book is a torrent of fascinating ideas. Anybody interested in the subject must profit from reading it."--Clive Crook, Financial Times "In his new book, The Subprime Solution, the Yale University professor sounds an alarm that the credit crunch, now early in its second year, poses a dire risk. His text is a stimulating, rapid response to current events--and a forceful demand for dramatic action from Washington, where, he says, the White House and Congress have been 'totally inadequate' to the task... [A] storehouse of valuable, provocative ideas awaits the reader of The Subprime Solution."--Christopher Farrell, BusinessWeek "[The Subprime Solution is] a lucid primer on how we slipped into this money pit and what it might take to clamber out of it... Shiller is sometimes called a Cassandra, and his prophesies about the dot-com and housing bubbles did come true. Yet in these pages he sounds more like a visionary optimist who considers today's emergency to be a grand opportunity."--James Pressley, Bloomberg News " [I]t's an interesting book... [S]hiller convinced me ... that bailing out banks and borrowers who've been clobbered might be the right thing to do."--Dan Pink, danpink.com "Robert J. Shiller explains how trillions of dollars of mortgage debt, based on dubious loans to doubtful borrowers, were forfeited and how it can be fixed. An influential economist, he offers insights into the growth of the credit bubble and solutions for curing the ensuing chaos... Shiller's reputation in economics, his majestic prose style, his statistical proofs and his vast coterie of admirers suggest that at least some of his recommendations will become part of U.S. mortgage regulation... For those who want to figure out how to fix the global credit crisis that has developed as a result of Americans' inability or unwillingness to read their mortgage contracts, The Subprime Solution is vital reading. It is advocacy built on faith that government does good, that intervention never produces unintended results and that there is no other way to fix the mortgage mess."--Andrew Allentuck, The Globe & Mail "What sets Shiller apart--brilliantly apart--from other analysts of the housing bubble are the sharpness of his diagnoses and the creativity of his solutions. These are the core of his excellent new book, The Subprime Solution... [A] brilliant and radical--but not implausible--perspective on putting the Humpty Dumpty that is American finance together again."--Arvind Subramanian, Forbes.com "In The Subprime Solution, which he wrote just as the system was beginning to implode, he says that what is needed now is the next stage of financial innovation, not constriction...He also sees government intervention as vital to channel animal spirits and innovation...In essence, Shiller is laying the intellectual groundwork for the next financial revolution."--Zachary Karabell, Newsweek "In The Subprime Solution, he argues that what united the missteps by the Federal Reserve, mortgage brokers, Wall Street bankers, and home buyers that together brought on the current financial mess was a shared belief that house prices never go down. What's the antidote to that kind of mass delusion? Shiller seems to have no interest in substituting his judgment, or the government's, for the market's. Instead, he sees information and innovation as the counter to group think."--Justin Fox, Time "Robert J. Shiller's clear-eyed look at what happened in the U.S. housing market--and what might be done about it--is not keen to attribute blame to the actors in the drama. He explains that the development of subprime mortgages in the Nineties was welcomed as a way of extending home ownership to those once locked out of the market, and it was not the dishonesty of the mortgage lenders, or the greed of bankers, that led to the bubble. There was dishonesty and greed, but these were the result of the bubble, not its cause."--Tim Worstall, The Telegraph "American optimism: Is there any investment bubble it can't fuel? Consider the excesses of the housing market, the effects of which are roiling the global economy. As Yale University economist Robert Shiller demonstrates in his short, whip-smart new book The Subprime Solution, there was a contagion at work that helped pushed home prices to unsustainable levels... Shiller's views are grounded in exhaustive research and penetrating analysis. The Subprime Solution should be read by anyone with assets at risk in the global financial crisis and a desire to fix things ahead of the next crisis. Which is to say, all of us."--Robert Elder, Austin American-Statesman "Robert Shiller's got an argument that will make some peoples' heads explode in his new book The Subprime Solution--we need more speculation in the housing market... I said above that this solution will make some peoples' heads explode, that the solution to an excess of speculation is to create a market in yet more speculation. Yet in this case ti is indeed true, this is a valid solution."--Tim Worstall, The Register "[The Subprime Solution] is short, punchy and political. Shiller is a top-flight academic economist who has often warned of the tendency of markets towards irrational exuberance, and of the harmful consequences that follow. He is rightly scathing towards the 'boosters' who kept assuring us that house prices only rise, and he gains authority for having spoken out during the boom, when it was an unpopular position to hold... Shiller's debunking of house price myths is masterful. Especially important is his rubbishing of the concept of scarcity ... Shiller's explanations are sophisticated and intelligent, and they are also admirably clear."--Michael Savage, Fund Strategy "The Subprime Solution, his postmortem on irrational exuberance in the real estate market, is superb, even for general-interest readers otherwise confused by the whole mess. Though his introduction reads a bit like an arid position paper, his insistence on the fundamentally psychological, rather than economic, basis of the boom is supple and fascinating."--Andrew Rosenblum, New York Observer "If you're unfamiliar with Robert Shiller then understand that he is perhaps the most eminent and considered examiner of modern investment bubbles... Shiller's new book, The Subprime Solution, is a concise attempt to elaborate in just seven short chapters the genesis of the housing bubble, explode its myths, explore its scale and the dangers of its deepening impact, assert the need to maintain confidence in our economic and financial institutions by aggressive action, and then explore longer-term, more fundamental reforms and innovations that will create a population much more attuned to economic risk... There are many more recommendations, but if this book has the ambition of Keynes' earlier work, and the scale of the problem is as suggested, I'd argue that the book is as accessible as you are going to get from such a modern behavioural economics guru. It's a book that everyone who lives in a house should own; just don't buy ten and try to rent them out to friends."--The Knackered Hack "In his latest work, The Subprime Solution, Shiller explains that greater financial 'democracy' and a 'contagion of ideas' led many to conclude a 'new era' had been reached in real estate. The public expected prices to rise continually. Worse, Shiller wrote: 'The very people responsible for oversight were caught up in the same high expectations for future prices.'... Shiller's The Subprime Solution is well worth the read for individuals and private enterprise looking to understand current real estate bubble. It should be required reading for public policy makers who need to take immediate action to solve the subprime crisis."--John Fout, TheStreet.com "Like the financial bubble in technology stocks that exploded in 2000, real estate investors acted on unrealistic assumptions that prices could only go up. In the aftermath, Shiller's recommendation to policy makers is 'Mend It, Don't End It.' He advises regulatory modifications and greater financial disclosure from all players in the complex mortgage-banking process."--Kevin G. Hall, McClatchy Newspapers "In [The Subprime Solution], he provides the ignoramuses on Wall Street, asleep-at-the-switch regulators and dumbfounded investors worried about their savings with a stark insight to digest over the last two weeks of summer: 'We as a society do not understand or know how to deal with speculative bubbles.'"--Robert Lenzner, Forbes.com "In his now-famous 2005 book, Irrational Exuberance, Second Edition, Yale professor and economist Robert Shiller predicted a boom and bust in real estate would have terrifying global ramifications. He was mocked by realtors, but global bank failures and the bailout of Fannie Mae and Freddie Mac have proved him dead on. Now Shiller strikes again with The Subprime Solution, his suggestion for sweeping economic reform to get us out of this mess."--Katie Benner, Fortune "While initially providing a short and concise understanding of the subprime fiasco, Shiller goes on to investigate the various financial collapses over the years and the history of recent housing arrangements, searching for clues that might inspire a universal remedy to our current predicament... Along the way, the narrative, which skips along without being fussy or intrusive, also emphasises the characteristics, psychology and lifespan of the bubble--be it financial, IT or housing--and how the way we've changed the way we think 'is the deepest cause' of the current variant of the malignancy."--Paul O'Doherty, The Investor "[Shiller] offers a primer on the history of home prices, roots of subprime lending and a road map of what to do now. The book is at its best when explaining how so few in authority imagined what has come to pass. Shiller says they were filled with same housing boom faith held by the public."--Jim Wasserman, The Sacramento Bee "In his latest book, The Subprime Solution, he briefly but deftly dissects how easy credit, lack of government oversight and human behavior allowed the subprime bubble to inflate. Shiller's understanding of human behavior is the book's genius, both in the diagnosis and the proposed cures."--Robert Frick, Kiplinger's "For a closer examination of the crisis, there's The Subprime Solution by Yale University economist Robert J. Shiller, the bestselling author of Irrational Exuberance. In his new book, Shiller focuses more tightly on the stock market bubble of the 1990s and the housing bubble of the last seven years, which led lenders to loosen requirements for loans and resell these questionable loans in the subprime market. He shows how the bubble, when overheated housing prices cooled and asset values fell, burst and led directly to the subprime mortgage crisis that torpedoed the credit markets and with them stock markets worldwide."--Geeta Sharma-Jensen, Milwaukee Journal-Sentinel "In this slim volume, Shiller not only describes the problem but also places equal emphasis on various proposals to correct it. Rather than viewing the subprime meltdown and credit contraction as a handwringing crisis, he sees it as an opportunity to initiate institutional reforms that will ensure against repeat failures and extend opportunities for home ownership... An important, timely book."--E.L. Whalen, Choice "Reading Shiller also makes me optimistic. Ever the contrarian, he's convinced that, used properly, the new financial technologies that have such a bad name right now will make us all much better off in the long run. In particular, he's working on ways ordinary folk can get out from under the now standard but truly bizarre investment custom in which most of us sink most of our net worth into a single piece of real estate. What kind of sensible diversification is that? What Shiller proposes is the market-led 'democratization of finance.' Coming from anyone else you'd think it was a scam. But read his book and you'll end up feeling strangely optimistic, despite the enveloping gloom."--William Watson, Montreal Gazette "The Subprime Solution is an easy read at less than 200 pages. People seeking to understand the cause of the housing bubble, and those wanting to consider short- and long-term solutions would be well-served reading it."--Bill Freehling, Fredricksburg Free Lance-Star "The book is not so much an analysis of the subprime crisis as an essay that ruminates on the genesis and evolution of financial bubbles in general and housing bubbles in particular. Shiller believes correctly that economists, in their emphasis on rational decision-making, have confused desired outcomes with actual outcomes--and have paid far too little attention to the reality of swings in social sentiments that can move market prices far from sustainable levels."--Richard N. Cooper, Foreign Affairs "This is an important book from a distinguished academic... The book offers a coherent alternative to policy makers. They should consider its recommendations very seriously."--Shamik Dhar, The Business Economist "[T]his is an exciting book that is to be read under the current market condition. It provides us some hope of correcting the existing problems, so as to have a brighter future."--Ye Xu, Journal of Property Investment & Finance "Policymakers, and students of financial history, money and macroeconomics, will find much of value in Shiller's assessment of the subprime debacle."--Oscar T. Brookins, Eastern Economic JournalTable of ContentsPreface to the Paperback Edition ix Acknowledgments xxv Chapter 1 Introduction 1 Chapter 2 Housing in History 29 Chapter 3 Bubble Trouble 39 Chapter 4 The Real Estate Myth 69 Chapter 5 A Bailout by Any Other Name 87 Chapter 6 The Promise of Financial Democracy 115 Chapter 7 Epilogue 171 Index 179
£12.34
Princeton University Press American Default
Book SynopsisThe untold story of how FDR did the unthinkable to save the American economy.Trade Review"[Sebastian Edwards] skillfully narrates a pivotal episode in American political and economic history he considers too little remembered. . . . Edwards writes equally knowledgeably about economics and politics: . . . At a time of economic uncertainty at home and abroad, this comprehensive study of an important event in U.S. fiscal history has significant implications for today." * Publishers Weekly *"Sebastian Edwards' American Default is just such a superb history of the US exit from gold in 1933-34, satisfyingly detailed and highly accessible on both the relevant economics & law."---David Frum"Edwards analyses the default that followed President Franklin Delano Roosevelt’s 1933 decision to devalue the dollar against gold. . . . The story is fascinating and the lessons eternal."---Martin Wolf, Financial Times"[American Default] is the history of that mighty legal, moral, political and monetary controversy, the effects of which are with us still. . . . [Sebastian Edwards] knowledgably compares the 20th-century American default to Argentina’s 2002 abrogation of its dollar denominated debt."---James Grant, Wall Street Journal"Brilliantly told."---Steve Hanke, Forbes"Edwards ends his admirably accessible and illuminating book with some careful thoughts on recent financial crises around the world, such as those in Argentina and Greece, and shows why US gold cases from 1933 to 1935 are a useful precedent to understand how future such crises may be successfully resolved by hewing carefully to the rule of law. He believes that the cases may even be invoked by lawyers in other national, or international, arenas. If so, those involved will, no doubt, turn to this book for inspiration and guidance."---Benn Steil, Financial World"Excellent. . . . A fascinating narrative of FDR's decision to devalue the dollar in 1933-34."---Scott Sumner, EconLog"Edwards’ book is fascinating, well written and enjoyable."---Geoffrey Wood, Central Banking"Great book by UCLA economist Sebastian Edwards about a key moment in American economic history. Many economists believe that the most important thing FDR did to help the economy recover from the Great Depression was to go off the gold standard. As part of that policy, he pursued laws that rewrote many bond contracts, annulling gold clauses. It was controversial then (and surely would be again if such an issue were ever to arise). Edwards does a wonderful job telling the story."---Greg Mankiw, Greg Mankiw's Blog"Fascinating. . . . I couldn't put this book down."---Brenda Jubin, Seeking Alpha"A shimmering example of the benefits of historical distance can be found in the UCLA economist Sebastián Edwards’ American Default, a sharp-eyed exploration of a little-noted episode in US economic history."---Ken Rogoff, Project Syndicate"Sebastian Edwards has written a very important book on a monumental episode in U.S. history, the great debt default of 1933-35, which was a true turning point in American political and economic history. . . . I highly recommend American Default. It is more than compelling history; it is a tract for our times."---Gerald P. O'Driscoll Jr., Cato Journal"A magnificent piece of scholarship."---Kenneth Rogoff, Project Syndicate"This easily accessible economic, political, and legal history should be read by undergraduates, graduate students, and the general public. Each audience will gain a new perspective on an important though underappreciated episode in international political economy."---Laura Phillips Sawyer, Journal of American History"Rarely does one read a book on a topic already researched thoroughly and still feel as if one has walked away with a new perspective."---James Caton, Independent Review"Edwards’ clarity enables him to sustain the interest of the reader in spite of the technical nature of his narrative."---Peter Fearon, Journal of Transatlantic Studies
£22.50
Princeton University Press The Federal Reserve and the Financial Crisis
Book SynopsisIn 2012, Ben Bernanke, chairman of the U.S. Federal Reserve, gave a series of lectures about the Federal Reserve and the 2008 financial crisis, as part of a course at George Washington University on the role of the Federal Reserve in the economy. In this unusual event, Bernanke revealed important background and insights into the central bank's crucTrade ReviewOne of China Business News' Financial Books of the Year for 2014 "Anyone interested in a primer on recent financial history will likely find Bernanke's book to be worthwhile reading."--Publishers Weekly "The lectures are consistently lucid and informal ... and above all intelligent and interesting... [I]t would be difficult to find a better short and not very technical account of what went wrong, and of how the Fed (and the Treasury) managed to keep it from getting much worse."--Robert Solow, New Republic "Readers who are not fans of the Fed chairman and his Keynesian, fiat-money policies should find as much of interest here as those who are; it's the sort of primary-source book that investors will scrutinize, politicians will seize on, pundits will plunder and generations of scholars will analyse... [The Federal Reserve and the Financial Crisis] brings what Bernanke said in the classroom to a vastly larger audience; now, it's up to the readers of varying political and economic persuasions to make what they will of his behind-the-scenes account."--Alan Wallace, Pittsburgh Tribune-Review "This book is, in short, not just an excellent guide to the Fed and its response to the financial crisis, but also constitutes an important document of its time, a reflection that central banks can do some very effective short-term anti-crisis measures, but they cannot be miracle workers."--Harold James, Central Banking Journal "The lectures, and Bernanke's answers to students' questions, are uniformly erudite, elegant and concise. Perhaps, the most arresting aspect of the lectures is the fascinating insight they provide into the thinking and motivation of the world's most powerful central banker."--Selwyn Cornish, Economic Record "The author examines what the Federal Reserve was intended to accomplish, how it performed its statutory task as it evolved over time and the special functions of the lender-of-last-resort that have been called upon during the financial crisis. These lectures provide a useful primer on matters not often presented in such a comprehensive or unequivocal way. Bernanke's reputation is often identified with his expertise on the Great Depression. Here, he presents himself differently, as a practitioner of central banking... A great introduction to the functioning of central banking for general readers."--Kirkus Reviews "This important book deserves to be read widely both because Bernanke admirably explains the Fed and its actions and because his authorship provides a window into his thinking as one of the world's most powerful financial figures."--Library Journal (starred review) "In March 2012, Ben Bernanke, chairman of the US Federal Reserve, gave four guest lectures at George Washington University. This slim volume--at only 130 pages, comfortably finished in the time it takes to watch a TV movie--comprises those lectures apparently almost verbatim, with a few astute audience questions and answers at the end of each... This is easy reading."--Financial World "The Federal Reserve and the Financial Crisis ... provides a useful tutorial on the workings of an institution in its most difficult hour. For that reason alone, it makes an important contribution to the historical record."--Marc L. Ross, Financial Analysts Journal "[T]his is a useful and highly approachable take on the history of central banking and the recent financial crisis. It's worth a read, if only to get a first-person narrative from one of the most important figures in global capital markets."--Carrie Sheffield, Washington Times "[F]or those interested in why we have central banks, what led to the 2008 financial crisis and how the nation's top officials reacted, there isn't a better primer... This is no boring textbook, despite the occasional chart. Bernanke presents a clear and engaging narrative of the economic history of the United States, while also tackling a few of the perennial anti-Fed bugaboos... One of the book's most important achievements is to place the Fed's extraordinary interventions during the crisis--including the emergency lending of $1.2 trillion to the financial industry--in context."--Ben Weyl, Roll Call "That loud crack you hear are the necks snapping as money-managers and financial specialists all over the country do double takes before snatching this book off the shelves."--C.D. Quyn, San Francisco Book Review "[The Federal Reserve and the Financial Crisis] is a helpful primer on modern central banking by one of its preeminent practitioners."--Foreign Affairs "This book will be particularly useful for those teaching a class in either macroeconomics or economic history of the twentieth century at the undergraduate level, as these lectures provide a succinct and accessible account of U.S. macro policymaking over the last hundred years."--Kris James Mitchener, EH.Net "Providing first-hand knowledge of how problems in the financial system were handled, The Federal Reserve and the Financial Crisis will long be studied by those interested in this critical moment in history."--World Book Industry "I learned so much about the Fed, the crisis, the financial market. Say what you want about Bernanke, but he is one great teacher."--Tibi Puiu, ZME Science "[T]his is an extremely useful book, especially to monetary neophytes like myself. I learned so much about the Fed, the crisis, the financial market. Say what you want about Bernanke, but he is one great teacher."--Tibi Puiu, ZME ScienceTable of ContentsPublisher's Note vii Lecture 1 - Origins and Mission of the Federal Reserve 1 Lecture 2 - The Federal Reserve after World War II 29 Lecture 3 - The Federal Reserve's Response to the Financial Crisis 64 Lecture 4 - The Aftermath of the Crisis 97 Index 131
£10.44
Pluto Press Revenge Capitalism The Ghosts of Empire the
Book SynopsisCapitalism has become a system of economic revenge, meted out against oppressed populations around the globe.Trade Review'Perhaps the most theoretically creative radical thinker of the moment' -- David Graeber, author of 'Debt: The First 5000 Years''Max Haiven retraces the roots of the current regression, of the reactionary trend that is driving the world toward a new darkness. These roots are humiliation and revenge. In my opinion, this book is of strategic importance' -- Franco Berardi, author of 'Futurability: The Age of Impotence and the Horizon of Possibility''A deeply learned debt warrior, Haiven lays bare the abject cruelty of financial capitalism, and provides us with a rich supply of sources and arguments for a fightback that gives as good as it takes' -- Andrew Ross, author of 'Creditocracy and the Case for Debt Refusal'Table of ContentsList of figures Acknowledgments Preface Introduction: we want revenge 1. Toward a materialist theory of revenge Interlude: Shylock’s vindication, or Venice’s bonds? 2. The work of art in an age of unpayable debts: social reproduction, geopolitics, and settler colonialism Interlude: Ahab’s coin, or Moby Dick’s currencies? 3. Money as a medium of vengeance: colonial accumulation and proletarian practices Interlude: Khloé Kardashian’s revenge body, or the Zapatisa nobody? 4. Our Opium Wars: pain, race, and the ghosts of empire Interlude: V's vendetta, or Joker's retribution? 5. The dead zone: financialized nihilism, toxic wealth, and vindictive technologies Conclusion: revenge fantasy or avenging imaginary? Coda: 11 theses on revenge capitalism Postscript: after the pandemic – against the vindictive normal Notes Index
£72.25
Pluto Press Revenge Capitalism The Ghosts of Empire the
Book SynopsisCapitalism has become a system of economic revenge, meted out against oppressed populations around the globe.Trade Review'Perhaps the most theoretically creative radical thinker of the moment' -- David Graeber, author of 'Debt: The First 5000 Years''Max Haiven retraces the roots of the current regression, of the reactionary trend that is driving the world toward a new darkness. These roots are humiliation and revenge. In my opinion, this book is of strategic importance' -- Franco Berardi, author of 'Futurability: The Age of Impotence and the Horizon of Possibility''A deeply learned debt warrior, Haiven lays bare the abject cruelty of financial capitalism, and provides us with a rich supply of sources and arguments for a fightback that gives as good as it takes' -- Andrew Ross, author of 'Creditocracy and the Case for Debt Refusal'Table of ContentsList of figures Acknowledgments Preface Introduction: we want revenge 1. Toward a materialist theory of revenge Interlude: Shylock’s vindication, or Venice’s bonds? 2. The work of art in an age of unpayable debts: social reproduction, geopolitics, and settler colonialism Interlude: Ahab’s coin, or Moby Dick’s currencies? 3. Money as a medium of vengeance: colonial accumulation and proletarian practices Interlude: Khloé Kardashian’s revenge body, or the Zapatisa nobody? 4. Our Opium Wars: pain, race, and the ghosts of empire Interlude: V's vendetta, or Joker's retribution? 5. The dead zone: financialized nihilism, toxic wealth, and vindictive technologies Conclusion: revenge fantasy or avenging imaginary? Coda: 11 theses on revenge capitalism Postscript: after the pandemic – against the vindictive normal Notes Index
£18.99
John Wiley and Sons Ltd Crisis
Book SynopsisWe are living in a time of crisis which has cascaded through society. Financial crisis has led to an economic crisis of recession and unemployment; an ensuing fiscal crisis over government deficits and austerity has led to a political crisis which threatens to become a democratic crisis.Trade Review"This extraordinary book gives us a sharp and illuminating examination of a condition that it is easy to think we understand … until we read this book. We may all be touched by it but Walby shows us all that is actually mobilized in producing the outcomes."Saskia Sassen, Columbia University, author of Expulsions"Sylvia Walby’s new complexity theory analysis of the current crises adds an essential dimension, addressing the financial, economic, welfare state and political ramifications of the crisis as strongly connected dynamics. She convincingly argues why the conflict between democracy and capitalism can only be resolved through a deepening of democracy. As such, her book is an indispensable academic intervention in the politics of knowledge and empowers academics, politicians and citizens alike to address crisis."Mieke Verloo, Radboud University "A lucid text that ranges across disciplines yet maintains accessibility for a wide readership including sociologists, policy communities, students, and activists. [Walby] has produced a book that comfortably straddles the alleged divides among professional, policy, public, and critical sociology…Crisis makes signal contributions to sociological analysis and presents a pragmatic alternative to neoliberalism, which could be fairly readily implemented." American Journal of Sociology"[Walby] gives us conceptual tools adequate for a global theory of inequalities […and] also enables an integration of micro-social transactions into societal theory: the concept of a tipping point in crises where agency of a few may produce massive results."SociologyTable of ContentsAcknowledgements1 Introduction2 Theorizing Crisis3 Financial Crisis4 Economic Crisis: Recession5 Fiscal Crisis: Austerity6 Democratic Crisis7 Crisis in the Gender Regime8 Conclusions: Implications for Social Theory and Public PolicyReferences
£49.50
John Wiley and Sons Ltd Twenty Observations on a World in Turmoil
Book Synopsis* This new book by one of the world s leading sociologists reflects on the major events of our time, from the financial crisis to the chaos in the eurozone, from the Arab uprisings to protests in Athens, Barcelona, New York and elsewhere.Trade Review"Beck is one of the most influential sociological theorists alive today, and not just in the academic sphere."Canadian Journal of Sociology"The astonishingly diverse world in turmoil is here trenchantly dissected by the analyst of risk and uncertainty."John Urry, Lancaster UniversityTable of ContentsIntroduction Twenty Observations on a World in Turmoil 1. Mushrooms and Other Flowers of Capitalism 2. All aboard the Nuclear Power Superjet Ð Just Don't Ask about the Landing Strip 3. This Appalling Injustice! 4. Harm in Exchange for Money 5. Illegal World Citizens 6. The Cards of Power Are Being Reshuffled across the World 7. Felt Peace and Waged War 8. The Return of Social Darwinism or: Which University Do We Want? 9. A Kind of Berlin Wall Has Again Collapsed 10. German Euro-Nationalism 11. Beyond the Aeroplane 12. Global Domestic Politics from below: How Global Families Are Becoming Normal 13. The Environmental Storm on the Bastille 14. Without Buddha I Could Not Be a Christian 15. The Caterpillar's Mistake: Fukushima and the End of Nuclear Power 16. It's Time to Get Angry, Europe. Create the Europe of Citizens Now! 17. Powerless but Legitimate: the Occupy Movement in the Financial Crisis 18. Cooperate or Bust! The Existential Crisis of the European Union 19. What Is Meant by Global Domestic Politics? 20. The Five Self-Delusions of a Supposedly Unpolitical Age
£38.00
John Wiley and Sons Ltd Twenty Observations on a World in Turmoil
Book Synopsis* This new book by one of the world s leading sociologists reflects on the major events of our time, from the financial crisis to the chaos in the eurozone, from the Arab uprisings to protests in Athens, Barcelona, New York and elsewhere.Trade Review"Beck is one of the most influential sociological theorists alive today, and not just in the academic sphere."Canadian Journal of Sociology"The astonishingly diverse world in turmoil is here trenchantly dissected by the analyst of risk and uncertainty."John Urry, Lancaster UniversityTable of ContentsIntroduction Twenty Observations on a World in Turmoil 1. Mushrooms and Other Flowers of Capitalism 2. All aboard the Nuclear Power Superjet Ð Just Don't Ask about the Landing Strip 3. This Appalling Injustice! 4. Harm in Exchange for Money 5. Illegal World Citizens 6. The Cards of Power Are Being Reshuffled across the World 7. Felt Peace and Waged War 8. The Return of Social Darwinism or: Which University Do We Want? 9. A Kind of Berlin Wall Has Again Collapsed 10. German Euro-Nationalism 11. Beyond the Aeroplane 12. Global Domestic Politics from below: How Global Families Are Becoming Normal 13. The Environmental Storm on the Bastille 14. Without Buddha I Could Not Be a Christian 15. The Caterpillar's Mistake: Fukushima and the End of Nuclear Power 16. It's Time to Get Angry, Europe. Create the Europe of Citizens Now! 17. Powerless but Legitimate: the Occupy Movement in the Financial Crisis 18. Cooperate or Bust! The Existential Crisis of the European Union 19. What Is Meant by Global Domestic Politics? 20. The Five Self-Delusions of a Supposedly Unpolitical Age
£12.99
Kogan Page Ltd AntiMoney Laundering
Book SynopsisRose Chapman is the Global Head of Compliance for a leading travel commerce platform and solutions provider. With over 20 years of experience working in compliance and ethics in global organizations, she is accustomed to the demands and challenges faced by business professionals and compliance teams working in fast-moving, culturally diverse and dynamic environments. She is a lecturer and training manual writer/reviewer for the ICA in Post Graduate Diplomas and Certificates in Compliance, a member of the Institute of Money Laundering Prevention Officers Committee, UK, and a recognised speaker and expert voice on anti-money laundering.Table of Contents Section - 00: Introduction; Section - 01: Reaction: The rise of anti-money laundering and counter-terrorist financing activity; Section - 02: Implementing an anti-money laundering risk control framework; Section - 03: Using the anti-money laundering strategy wheel; Section - 04: Applying the brakes at key moments; Section - 05: Country and people risk; Section - 06: Product and delivery channel risk; Section - 07: Regulators: External reporting and Financial Intelligence Unit activity; Section - 08: Navigating cultural change; Section - 09: Conclusion;
£37.99
University of British Columbia Press Grey Zones in International Economic Law and
Book SynopsisGrey Zones in International Economic Law and Global Governance examines contested zones of global governance to understand state policy and market behaviour in the current era.Table of ContentsForeword / Pitman B. PotterIntroduction: Grey Zones of International Economic Law and Global Governance / Daniel Drache and Lesley A. JacobsPart 1: Hot Button Issues in Global Governance1 A Crafty Madness Kept Aloof: Anti-Dumping as Faulted Global Governance / Tomer Broude2 The Anti-Dumping Wars: An Analysis of Unfair Trading Suits, 1995–2011 / Daniel Drache and Yin Jiyuan3 Investor-State Dispute Settlement Mechanisms in International Economic Law / Lesley A. Jacobs4 The WTO and the Future of Subsidies and Food Security / Carlos M. CorreaPart 2: Global Trade and Local Adaptation5 Is Anti-Dumping a Smart Policy for Global South Countries? / Welber Barral6 Grey Zones in the European Union: Between Flexibility and Uniformity of the State Aid Rules / Ljiljana BiukovicPart 3: Labour and Food Rights in the Global Policy Arena7 A New Grey Zone in Global Trade Governance? Recent Developments on Food Security at the WTO / Matias E. Margulis8 Labour Relations and Trade Policy in China: Opportunities for Coordinated Compliance / Pitman B. Potter9 What Constitutes Legitimate Policy Space for Food Security? / Katie SykesPart 4: The Greening of International Economic Law10 Renewable Energy and WTO Law: More Policy Space or Enhanced International Disciplines? / Thomas Cottier11 Green Energy Programs and the WTO Subsidies Agreement: Is There Enough Policy Space? / Debra P. StegerConclusion: Living in a Dangerous Age: Trade Policy Options for Canada / Daniel Drache and Lesley A. JacobsIndex
£66.60
Stanford University Press Learning from the Global Financial Crisis
Book SynopsisThis book is motivated by the simple hope that the cloud of the global financial crisis may yet have a silver liningthat political leaders, economists, and management scholars might seize this opportunity to reflect critically on the assumptions, practices, and infrastructures that have precipitated the crisis and to imagine and create new forms of organization that sustainably enhance the well-being of global stakeholders.The contributors suggest that aesthetic management, high reliability and crisis management, and sustainability science have much to contribute to the resolution of the collapse that we''ve witnessed, and to providing enduring lessons for how to structure the institutions of the future. Learning From the Global Financial Crisis devotes a section to each of these areas, offering full-length chapters which explore key issues in depth, as well as shorter commentaries that focus on practical considerations. The chapters progress from micro-level issues thTrade Review"The editors and contributors are on target in identifying creativity—human, social, organizational, and ecological—as key to any paradigm shift in the economy. This volume makes tangible this key insight, engaging readers with essays that are at once informative and provocative."—Ronald Purser, San Francisco State University, co-editor of 24/7: Time and Temporality in the Network Society"Yes, we have considered the financial crisis, but no other book has fruitfully examined this historical moment in the same way as this volume. It is through taking on new perspectives-like creativity, sustainability, and reliability-that we reveal the deeper fallacies in our approaches to markets and organizations. We know what caused the crisis; in this book we come to understand what underpinned those causes and how to shift our foundations."—Hans Hansen, Texas Tech University
£59.40
University of Pennsylvania Press What Caused the Financial Crisis
Book SynopsisFeaturing essays by Nobel laureate economists and an afterword by Richard Posner, this volume provides a comprehensive overview of the collapse of the global financial sector in 2008. It will be essential reading for anyone interested in the nature of modern capitalism and regulation.Trade Review"You will find in this collection some of the best efforts so far to understand the financial crisis." * Edmund Phelps, Columbia University *Table of ContentsList of Illustrations 1. Capitalism and the Crisis: Bankers, Bonuses, Ideology, and Ignorance —Jeffrey Friedman PART I. THE CRISIS IN HISTORICAL PERSPECTIVE 2. An Accident Waiting to Happen: Securities Regulation and Financial Deregulation —Amar Bhide 3. Monetary Policy, Credit Extension, and Housing Bubbles, 2008 and 1929 —Steven Gjerstad and Vernon L. Smith PART II. WHAT WENT WRONG (AND WHAT DIDN'T)? 4. The Anatomy of a Murder: Who Killed the American Economy? —Joseph E. Stiglitz 5. Monetary Policy, Economic Policy, and the Financial Crisis: An Empirical Analysis of What Went Wrong —John B. Taylor 6. Housing Initiatives and Other Policy Factors —Peter J. Wallison 7. How Securitization Concentrated Risk in the Financial Sector —Viral V. Acharya and Matthew Richardson 8. A Regulated Meltdown: The Basel Rules and Banks' Leverage —Juliusz Jablecki and Mateusz Machaj 9. The Credit-Rating Agencies and the Subprime Debacle —Lawrence J. White 10. Credit-Default Swaps and the Crisis Peter J. Wallison PART III. ECONOMISTS, ECONOMICS, AND THE FINANCIAL CRISIS 11. The Crisis of 2008: Lessons for and from Economics —Daron Acemoglu 12. The Financial Crisis and the Systemic Failure of the Economics Profession —David Colander, Michael Goldberg, Armin Haas, Katarina Juselius, Alan Kirman, Thomas Lux, and Brigitte Sloth Afterword: The Causes of the Financial Crisis —Richard A. Posner List of Abbreviations and Acronyms Notes References List of Contributors Index Acknowledgments
£28.80
University of Pennsylvania Press The Next Economic Disaster
Book SynopsisIn this illuminating and provocative work, Richard Vague argues that the rapid expansion of private debt-rather than public spending-is what constrains economic growth and triggers economic calamities like the financial crisis of 2008.Trade Review"Economists failed to predict the 2007 meltdown and they're on course to miss the next one too. As a consumer lending practitioner who saw it coming, Richard Vague's voice should not be ignored. His emphasis on the dangers of rising private household debt is a key both to the last crisis and the next." * Ed Luce, Financial Times Chief U.S. Commentator and Columnist *"If you want to understand why financial crises occur, read The Next Economic Disaster. In this penetrating new book, serial entrepreneur Richard Vague succinctly documents how all financial collapses originate with too much private borrowing. In plain English, he outlines some of the steps we need to take to avoid the next cataclysm." * Liaquat Ahamed, author of Lords of Finance: The Bankers Who Broke the World *"We all know that too much debt is bad. But if you want to know how bad, you need to read this book. Packed with insightful analysis, it is a must-read for anyone who wants to understand how we got onto the road to financial ruin-and how to avoid the next disaster." * Megan McArdle, Bloomberg View *Table of ContentsPreface Chapter One. Boom and Crisis Chapter Two. The Deleveraging Challenge Chapter Three. The Paradox of Debt and the Long-term View Conclusion Acknowledgments Appendices can be found online at www.debt-economics.org/appendix/
£15.19
University of Pennsylvania Press Beyond the New Deal Order
Book SynopsisTrade Review"If we want to understand the driving forces and the scope of the wide-ranging shifts in our societies on both sides of the Atlantic and beyond, it is essential, then, to be more precise about neoliberalism as an analytical concept and as a tool to grasp historical change. This is one of the goals of Gary Gerstle, Nelson Lichtenstein, and Alice O’Connor’s recent look at the New Deal order and its transformation. Refining the earlier claim of a radical shift brought about by the presidency of Ronald Reagan, the authors instead point at an accumulation of changes which, ultimately, signaled the inception of a new ‘neoliberal order.'" * Reviews in American History *"[An] important synthesis of twentieth-century US history with [a] much-needed framework for the ‘Neoliberal Order’ which could be said to have defined the US political-economy from 1980 to 2016… [A]n extremely valuable book for anyone looking to understand the limits and unfulfilled promise of the New Deal state." * The New England Quarterly *"As both a historical and historiographical marker of persistence and transformation, this outstanding volume invites readers to consider anew the New Deal's legacies and successors. Offering inventive analytical reflections that illuminate recent decades of the American experience, the book's bracing essays prompt fresh thought about periodization, historical causation, the scope of possibility, and a good deal more." * Ira Katznelson, author of Fear Itself: The New Deal and the Origins of Our Time *"An ambitious and exciting collection. After twenty-five years of reflection, do historians believe there was a 'New Deal order'? If there was, and it ended, what replaced it? How have understandings of the postwar period changed to accommodate a fuller sense of what the New Deal accomplished and what its limits were? Each essay is compelling and the various questions they address are deeply important." * Kimberly Phillips-Fein, author of Fear City: New York's Fiscal Crisis and the Rise of Austerity Politics *"A timely book that will appeal to anyone interested in American politics from the New Deal to the present. Every chapter, without exception, is excellent." * Daniel Geary, author of Beyond Civil Rights: The Moynihan Report and Its Legacy *
£45.00
MP-WBK World Bank Group Publ Globalization and Growth Implications for a PostCrisis World
Book SynopsisOffers a comprehensive overview of the financial and economic crises of 2008-2009 and the economic and financial policy implications for growth in developing countries.
£31.46
Duke University Press AntiCrisis
Book SynopsisTaking the so-called subprime mortgage crisis as her case study, Janet Roitman analyzes "crisis" as a narrative device, explaining how the term enables some narratives and questions while foreclosing others.Trade Review“One of the great strengths of Roitman’s book is that by analysing how we come to view certain events as being indications of a ‘crisis’, she also sheds light on the way we construct our notion of ‘normalcy.’ . . . Anti-Crisis is clearly the product of a serious attempt to think outside the usual academic boxes, and as such it deserves much praise. It is to Roitman’s credit, and to the reader’s benefit, that she largely succeeds in her aim to illuminate the notion of crisis as an object of knowledge.” -- Luke McDonagh * LSE Review of Books *“Anti-Crisis is an engaging, timely, and provocative critical analysis of contemporary crisis narratives. It does work that few others have undertaken by plumbing the roots of crisis as a historico-philosophical concept and approaching its narration as a discursive tool for the defense of the status quo and the interests animating it. Roitman does a superb job of excavating and analyzing the technical practices that allowed for what were at one moment regarded as legitimate and lucrative practices of debt capitalization to be transfigured in the next moment into toxic obligations requiring public bailouts in order to rescue the world as we know it.” -- Alex Khasnabish * Anthropological Quarterly *“Roitman’s book fulfills multiple timely and important tasks. . . . Roitman therefore calls attention to the contingent practices which constitute normality as institutional legitimacy. . . . The merit of this perspective is that it restores politicality both in and beyond crisis conditions.” -- Sascha Engel * New Political Science *“Anti-Crisis draws our attention to a range of key issues in social theory: critique and crisis are cognates whereby crisis is necessary for the enunciation of critique and that crisis may be understood as a blind spot that regulates narratives about contemporary history—enabling and disenabling certain questions. Ultimately, Roitman’s elaboration of crisis is significant insofar as it is understood, not as a condition, but as an observation about history that generates meanings — meanings that are contested and the product of particular ideological vantage points.” -- Jude Fokwang * Anthropology of Southern Africa *“The book offers important insights for ethnography insofar as crisis is either a backdrop for many ethnographic projects. . . . Furthermore, our discipline’s increasing focus on problems rather than ethnoi will require anthropologists to reflect carefully on articulations of crisis. Conceptual work is delicate business, which Roitman handles with aplomb. Anti-Crisis offers an important caution for those engaged in ethnographic work: fieldworkers should be attentive to the overlaps and differences between the concepts used by participants in research and the concepts deployed in analysis.” -- Daromir Rudnyckyj * American Ethnologist *"An immensely rich, atypical and inspiring account of the calculus of crisis." -- Radman Selmic * Journal of Cultural Economy *"Well written and provocative, Anti-Crisis makes a great contribution to conceptual anthropology. By dislodging a key term in contemporary critical theories, it poses an exciting challenge to scholars within and beyond the discipline, at the same time reasserting anthropology’s broader intellectual relevance." -- Amalia Sa’ar * American Anthropologist *Table of ContentsAcknowledgments xi Introduction. What Is at Stake? 1 1. Crisis Demands 15 Judgment Day The Moral Demand The Test 2. Crisis Narratives 41 Bubbles Houses Finance Subjects 3. Crisis: Refrain! 71 Noncrisis Narrations The Crisis that does not Obtain Conclusion: Dreams 91 Notes 97 References 133 Index 153
£17.99
University of Pittsburgh Press Crisis Cultures
a huge range and FREE tracked UK delivery on ALL orders.
£48.92
Emerald Publishing Limited International Corporate Governance
Book SynopsisPresents research on corporate governance from a number of countries across the world, including the United States, Spain, Malaysia, Israel and others. This title examines many important corporate governance mechanisms, such as board characteristics, ownership structure, legal protection of shareholders, and annual general meetings.Table of ContentsList of Contributors. Corporate Governance of Dual-Class Firms. The Effect of CEO Pay on Firm Valuation in Closely Held Firms. Does Public Debt Discipline Managers and Controlling Owners?. The Use of Warrants in Mergers and Acquisitions. The Role of Annual General Meetings in a Civil-Law Country. Corporate Governance and Agency Costs. Does Corporate Governance Matter? Evidence from Related Party Transactions in Malaysia. The Influence of Corporate Venture Capital Investment on the Likelihood of Attracting a Prestigious Underwriter. International Corporate Governance. Advances in Financial Economics. Advances in Financial Economics. Copyright page.
£90.99
Edward Elgar Publishing Ltd The Impact of the Economic Crisis on East Asia
Book SynopsisThis insightful book explores the economic conditions and policy response of four major East Asian economies in the wake of the 2008 global economic crisis.Table of ContentsContents: Preface PART I: FINANCIAL SYSTEM AND FINANCIAL CRISIS 1. The Global Financial Crisis: Lessons for Taiwan Sheng-Cheng Hu 2. A Perspective on the US Dollar after the Current Financial Crisis: Lessons from the Fall of the Pound Sterling and the Gold Standard after World War I Lee-Rong Wang 3. De-Privatization? Case Studies of Government Banks’ Performance in Developing Countries During the Financial Crisis Chung-Hua Shen and Chih-Yung Lin PART II: IMPACTS, CONSEQUENCES AND POLICY RESPONSES 4. Why World Exports are so Susceptible to the Economic Crisis: The Prevailing ‘Export Overshooting’ Phenomenon, with Particular Reference to Taiwan Bih Jane Liu 5. The Impact of the Global Financial Crisis on the Taiwanese Economy and its Industrial Policy in Response Jiann-Chyuan Wang and Chia-Hui Lin 6. The American Crisis and Korean Financial Distress Un Chan Chung 7. Why Was Japan Hit So Hard by the Global Financial Crisis? Masahiro Kawai and Shinji Takagi 8. China’s Policy Responses to the Global Financial Crisis Yongding Yu PART III: POLICY CONSTRAINTS 9. Fiscal Discipline in the Recovery from a Global Financial Crisis Chih-Chin Ho, Yu-Shan Hsu and Ching-Shin Mao 10. A Challenge to Sustainable Development: The Dual Crisis of Energy and the Economy Daigee Shaw and Pi Chen Index
£95.00
