| Author |
Cassidy, John, 1963-
|
| Publication |
New York : Picador, 2010.
|
| Edition |
First Picador edition. |
| Description |
vi, 409 pages : illustrations ; 21 cm |
| Call # |
381 C |
| Note |
Includes index. |
|
"With a new afterword"--Cover. |
| Contents |
Warnings: ignored and the conventional wisdom -- Adam Smith's invisible hand -- Friedrich Hayek's telecommunications system -- The perfect markets of Lausanne -- The mathematics of bliss -- The evangelist -- The coin-tossing view of finance -- The triumph of Utopian economics -- The prof and the polar bears -- A taxonomy of failure -- The prisoner's dilemma and rational irrationality -- Hidden information and the market for lemons -- Keynes's beauty contest -- The rational herd -- Psychology returns to economics -- Hyman Minsky and Ponzi finance -- Greenspan shrugs -- The lure of real estate -- The subprime chain -- In the alphabet soup -- A matter of incentives -- London Bridge is falling down -- Socialism in our time. |
| Summary |
John Cassidy describes the rising influence of "utopian economics"--The thinking that is blind to how real people act and that denies the many ways an unregulated free market can bring on disaster. Combining on-the-ground reporting and clear explanations of economic theories, Cassidy warns that in today's economic crisis, following old orthodoxies isn't just misguided--it's downright dangerous -- from cover. |
| Subject |
Financial crises.
|
|
Stock exchanges.
|
|
Monetary policy.
|
|
Banks and banking.
|
|
Banks and banking. (OCoLC)fst00826867
|
|
Financial crises. (OCoLC)fst00924607
|
|
Monetary policy. (OCoLC)fst01025230
|
|
Stock exchanges. (OCoLC)fst01133564
|
| ISBN |
9780312430047 (softcover) |
|
0312430043 (softcover) |
|
