How markets fail : the logic of economic calamities

By: Cassidy, JohnMaterial type: TextTextPublisher: London Penguin Books 2009Description: 409pISBN: 9780141036519Subject(s): FINANCIAL CRISES | STOCK EXCHANGES | MONETARY POLICYDDC classification: 338.54 CAS Summary: This book explains shows that the roots of our most recent financial failure lie not with individuals, but with an idea - the idea that markets are inherently rational. Author gives us the big picture behind the financial headlines, tracing the rise and fall of free market ideology from Adam Smith to Milton Friedman and Alan Greenspan. Full of wit, sense and, above all, a deeper understanding, it also argues for the end of 'utopian' economics, and the beginning of a pragmatic, reality-based way of thinking.
List(s) this item appears in: FT and McKinsey Business Books
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This book explains shows that the roots of our most recent financial failure lie not with individuals, but with an idea - the idea that markets are inherently rational. Author gives us the big picture behind the financial headlines, tracing the rise and fall of free market ideology from Adam Smith to Milton Friedman and Alan Greenspan. Full of wit, sense and, above all, a deeper understanding, it also argues for the end of 'utopian' economics, and the beginning of a pragmatic, reality-based way of thinking.

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