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Main description: In the wake of the global financial crisis that began in 2007, faith in the rationality of markets has lost ground to a new faith in their irrationality. The problem, Roman Frydman and Michael Goldberg argue, is that both the rational and behavioral theories of the market rest...
Persistent link: https://www.econbiz.de/10014488008
"The Chinese economy appears destined for failure, the financial bubble forever in peril of popping, the real estate sector doomed to collapse, the factories fated for bankruptcy. Banks drowning in bad loans. An urban landscape littered with ghost towns of empty property. Industrial zones...
Persistent link: https://www.econbiz.de/10012255622
"The financial crisis brought the world to the brink of economic breakdown. But now bankers' bonuses are back, house … assessment of the post-crisis world, the author looks at what went wrong, and how to learn from past mistakes. Reporting first …-hand from around the world - frozen Iceland, anxious America and Australia, invigorated India, bubbly Brazil and futuristic …
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Financialisation, or the disproportionate importance of financial considerations in economic decisions, has been a defining feature of the economic history of the last twenty-five years. The wave of deregulation that accompanied the neoliberal agenda in the US, aided by the dominance of US...
Persistent link: https://www.econbiz.de/10013285351
"In most accounts of the origins of money we are offered pleasant tales in which it arises to the mutual benefit of all parties as a result of barter. In this groundbreaking study David McNally reveals the true story of money's origins and development as one of violence and human bondage....
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