This book presents a new, inter-disciplinary framework of financial instability that builds on the Post-Keynesian model of financial crises in the tradition of Hyman Minsky and Charles Kindleberger. It reincorporates John Maynard Keynes’ insights on economic conventions to explain how market...

Nowadays remembered mostly through Adam Smith’s references to the short-lived Ayr Bank in the Wealth of Nations, the 1772-3 financial crisis was an important historical episode in its own right, taking place during a pivotal period in the development of financial capitalism and coinciding with...

This seventh edition of an investment classic has been thoroughly revised and expanded following the latest crises to hit international markets. Renowned economist Robert Z. Aliber introduces the concept that global financial crises in recent years are not independent events, but symptomatic of...

Manias, Panics and Crashes , is a scholarly and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries. Covering such topics as the history and anatomy of crises, speculative manias, and the lender of last resort, this book has...

Manias, Panics and Crashes was first published in 1978, and dealt with financial crises that were, for the most part, before World War II. Black Monday of October 1987, along with more research especially on the years from 1880 to 1893 indicated a need for a second look. The third edition had...

This book disassembles the moral assessment of business practices into its constituent parts to identify and clarify the four key concepts that form the basis of important moral disagreements in business: ‘personhood,’ ‘ownership,’ ‘harm,’ and ‘consent.’ ‘Moral bottom lines’...

Index based insurance schemes can play a vital role in insuring poor people in developing countries against a multitude of risk. However, the concept doesn’t go along without any obstacles. Matthias Rödl provides a theoretical framework of index based insurance schemes and further highlights...

1. Risky Play -- 2. Falling Fast -- 3. Moral Risk in a Nursing Home -- 4. Coping with Fallibility in Aviation -- 5. Fallibility and Trust in Healthcare -- 6. Approaches to Help in Organizations -- 7. Ethics of Fallibility

Vera Stolz-Gerhardt untersucht die Notwendigkeit der Rettung systemrelevanter Banken und diskutiert darauf aufbauend die in der Finanzkrise 2007 - 2009 etablierten staatlich induzierten Bankenrettungsmaßnahmen (Bailouts). Sie zeigt auf, dass diese das systemische Risiko insgesamt erhöhen...

Rahmenbedingungen des Outsourcings von Energieeffizienzmaßnahmen über Energie-Performance-Contracting und dessen Kooperationsanreize -- Agencytheoretische Einordnung der Anreizproblematik als Double Moral Hazard -- Anreizanalyse möglicher Vertragsmodelle und Bestimmung anreizgerechter...