Front cover image for The origin of financial crises : central banks, credit bubbles and the efficient market fallacy

The origin of financial crises : central banks, credit bubbles and the efficient market fallacy

In a series of disarmingly simple arguments financial market analyst George Cooper challenges the core principles of today's economic orthodoxy and explains how we have created an economy that is inherently unstable and crisis prone. With great skill, he examines the very foundations of today's economic philosophy and adds a compelling analysis of the forces behind economic crisis. His goal is nothing less than preventing the seemingly endless procession of damaging boom-bust cycles, unsustainable economic bubbles, crippling credit crunches, and debilitating inflation. His direct, conscientious, and honest approach will captivate any reader and is an invaluable aid in understanding today's economy. From the Trade Paperback edition
eBook, English, ©2008
Vintage Books, New York, ©2008
1 online resource (x, 194 pages)
9780307473684, 9781299018426, 0307473686, 1299018424
431279918
Print version:
Introduction
Efficient markets and central banks?
Money, banks and central banks
Stable and unstable markets
Deceiving the diligent
On (central bank) governors
Minsky meets Mandelbrot
Beyond the efficient market fallacy
Concluding remarks