Crisis economics
a crash course in the future of finance
- ISBN: 9780143119630
- Editorial: Penguin Books
- Fecha de la edición: 2010
- Lugar de la edición: London. Reino Unido
- Encuadernación: Rústica
- Medidas: 22 cm
- Nº Pág.: 368
- Idiomas: Inglés
Papel: Rústica
26,45 €
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The authors also offer a theoretical context for understanding the current economic crisis and for using it as "an object lesson... in how to foresee them, prevent them, weather them, and clean up after them." Dismissing the "quaint beliefs" that markets are "self-regulating," they take issue with the simplistic populist assumption that the present crisis was caused by greed or something "as inconsequential as subprime mortgages." They blame Alan Greenspan's refusal to use the power of the Fed to dampen unbridled speculation, choosing instead to pump "vast quantities of easy money into the economy and keep it there for too long." This will be a useful guide for readers attempting to get a handle on the present crisis.
