• Sign In / Register
  • Help
  • Basket0
The Origin of Financial Crises: Central banks, credit bubbles and the efficient market fallacy (Paperback)
  • The Origin of Financial Crises: Central banks, credit bubbles and the efficient market fallacy (Paperback)
zoom

The Origin of Financial Crises: Central banks, credit bubbles and the efficient market fallacy (Paperback)

(author)
£10.99
Paperback 240 Pages / Published: 30/06/2010
  • In stock online

Usually despatched within 24 hours

  • This item has been added to your basket
Your local Waterstones may have stock of this item. Please check by using Click & Collect
'The Origin of Financial Crises' provides a compelling analysis of the forces behind the recent economic crisis. In a series of disarmingly simple arguments George Cooper challenges the core principles of today's economic orthodoxy, explaining why financial markets do not obey the efficient market principles but are instead inherently unstable and habitually crisis prone. First published in the summer of 2008 in the midst of the crisis, the author accurately pinpointed the fundamental problems in policy and economic theory that led to the banking crisis. Now updated to reflect the massive upheavals since then and providing even more forthright opinions, the book is essential reading for anyone looking to find the root cause of our current financial situation. The book describes the evolution of our modern monetary system, explaining along the way how financial instability emerged and why this instability required the development of central banking.Cooper makes the point that misguided faith in the power of free markets has led some central banks to neglect their core role of managing the financial system and instead caused them to pursue policies promoting a series of ever more violent boom-bust cycles. 'The Origin of Financial Crises' calls for a radical shift in central bank strategy, the abandonment of inflation targeting and a paradigm shift in our attitude to economic policy. The reader will also learn about the fundamentals of inflation and discover what policy makers can learn from the designers of the Eurofighter jet and how an obscure paper on steam engines, written in 1868, shows us how to avoid repeating recent monetary policy mistakes. Uniquely, 'The Origin of Financial Crises' presents tangible policy proposals aimed at helping break out of the seemingly endless procession of damaging boom-bust cycles.

Publisher: Harriman House Publishing
ISBN: 9781906659578
Number of pages: 240
Weight: 393 g
Dimensions: 244 x 160 x 12 mm

You may also be interested in...

The 13th Labour of Hercules
Added to basket
Crisis Economics
Added to basket
£10.99
Paperback
When the Money Runs Out
Added to basket
Too Big to Fail
Added to basket
This Time Is Different
Added to basket
How the Economy Works
Added to basket
Meltdown Iceland
Added to basket
£8.99
Paperback
Lords of Finance
Added to basket
£10.99
Paperback
Boomerang
Added to basket
£9.99
Paperback
Inequality and Instability
Added to basket
Stress Test
Added to basket
£9.99
Paperback
Debts, Deficits and Dilemmas
Added to basket
Austerity
Added to basket
£10.99
Paperback
The Great Crash 1929
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.