| Description |
xviii, 246 p. : ill. ; 24 cm. |
| Bibliography |
Includes bibliographical references (p. 225-230) and index. |
| Contents |
Financial markets and monetary policy in perspective -- The markets stoke the boom and bust cycle -- The ABCs of risky finance -- Financial markets as a source of instability -- Free market capitalism : still the superior strategy -- Monetary policy : not the wrong men, the wrong model -- Economic experience : 1985-2002 -- How financial instability emerged in the 1980s -- Financial mayhem in Asia : Japan's implosion and the Asian contagion -- Brave-new-world boom goes bust : the 1900s technology bubble -- Emerging realities: 2007-2008 -- Greenspan's conundrum fosters the housing bubble -- Bernanke's calamity and the onset of U.S. recession -- Domino defaults, global markets crisis, and end of the great moderation -- Recasting economic theory for the twenty-first century -- Economic orthodoxy on the eve of the crisis -- Minsky and monetary policy -- One practitioner's professional journey -- Global policy risks in the aftermath of the 2008 crisis. |
| Summary |
Examines the financial crises of the past two decades to offer an analysis of the current recession, and argues for a new economic paradigm that limits the potential mayhem of the free market without sacrificing innovation and economic growth. |
| Subject |
Financial crises.
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Economic stabilization.
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Capitalism.
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United States -- Economic conditions -- 2001-2009.
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United States -- Economic conditions -- 1981-2001.
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Financial crises -- United States.
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United States -- Economic conditions.
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Monetary policy -- United States.
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Capitalism.
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USA
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| ISBN |
9780071628440 (alk. paper) |
|
0071628444 (alk. paper) |
|
9780071747035 (pbk.) |
|
0071747036 (pbk.) |
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