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""The Origin of Financial Crises" provides a compelling analysis of the forces behind today's 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 described in today's economic textbooks but are instead inherently unstable and habitually crisis prone. The author 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 claims 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 which promote 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. Along the way the reader will learn about the fundamentals of inflation and discover what policy makers can learn from the designers of the Eurofighter jet. They will also learn how an obscure paper on steam engines, written in 1868, by the inventor of colour photography 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."@en
"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."@en
"FINANCIAL CRISES & DISASTERS. 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 described in today's economic textbooks but are instead inherently unstable and habitually crisis prone. The author 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 claims 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 which promote a series of ever more violent boom-bust cycles."@en
""[This book] 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 [financial crises]."--Publisher's description."@en
"Offers an analysis of the forces behind the economic crisis. In a series of disarmingly simple arguments, this work challenges the core principles of the economic orthodoxy, explaining why financial markets do not obey the efficient market principles described in economic textbooks but are instead inherently unstable and habitually crisis prone."@en

genre

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"Electronic books"@en

name

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

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