Por un cambio en la economía

No cabe duda de que el terremoto financiero de 2008 dibujó un nuevo escenario al que el sistema capitalista debía adaptarse para sobrevivir. Sin embargo, la economía más ortodoxa, la que aún hoy impera, ha demostrado una capacidad de adaptacióninsuficiente al nuevo contexto. Urgen cambios ...

The scandal of money

why Wall Street recovers but the economy never does

Why do conservatives have such a hard time winning the economic debate in the court of public opinion? Simple, George Gilder says: conservatives misunderstand economics almost as badly as liberals do. Republicans have been running on tax cut proposals since the era of Harding and ...

The end of alchemy

money, banking and the future of the global economy

The past twenty years saw unprecedented growth and stability followed by the worst financial crisis the industrialised world has ever witnessed. In the space of little more than a year what had been seen as the age of wisdom was viewed as the age of ...

A banquet of consequences

the reality of our unusually uncertain economic future

"The current environment of zero-cost money, concentrated bank power, and anaemic productive growth has coalesced not by accident or economic cycle but by wilful choice. Das warns that without significant change, the only possible future holds dire consequences for all but an elite few. His ...

The future of financial regulation

who should pay for the failure of american and european banks?

A number of changes have been made to the supervision and regulation of banks as a result of the recent financial meltdown. Some are for the better, such as the Basel III rules for increasing the quality and quantity of capital in banks, but legal ...

The power and independence of the Federal Reserve

The independence of the Federal Reserve is considered a cornerstone of its identity, crucial for keeping monetary policy decisions free of electoral politics. But do we really understand what is meant by "Federal Reserve independence"? Using scores of examples from the Fed's rich history ...

Postcapitalismo

hacia un nuevo futuro

El analista Paul Mason nos advierte que el capitalismo como modelo económico ha llegado a su fin y debemos prepararnos para una transición a un nuevo sistema basado en las nuevas tecnologías y la reestructuración del trabajo Los pilares del modelo capitalista se están derrumbando ...

The only game in town

Central Banks, instability, and avoiding the next colapse

In The Only Game in Town, El-Erian casts his gaze toward the future of the global economy and markets, outlining the choices we face both individually and collectively in an era of economic uncertainty and financial insecurity. Beginning with their response to the 2008 global ...

Debt or democracy

public money for sustainability and social justice

Debt or Democracy explodes the myths behind modern money. It challenges the neoliberal obsession with public debt and deficit, arguing that a much more serious problem is the privatised creation of money through bank debt that leads to boom and bust. Far from being a ...

Financial markets and institutions

a european perspective

Written for undergraduate and graduate students of finance, economics and business, the third edition of Financial Markets and Institutions provides a fresh analysis of the European financial system. Combining theory, data and policy, this successful textbook examines and explains financial markets, financial infrastructures, financial institutions ...

The sifts and the shocks

what we've learned-and have still to learn-from financial crisis

There have been many books that have sought to explain the causes and courses of the financial and economic crisis that began in 2007. The Shifts and the Shocks is not another detailed history of the crisis but is the most persuasive and complete account ...

La casa de la deuda

las causas y las soluciones de la Gran Recesión

El análisis de las causas de la crisis originada en Estados Unidos suele centrarse en los grandes movimientos financieros y bancarios. Sin embargo, ha habido otros factores desencadenantes tanto o más importantes relacionados con el nivel de endeudamiento de las familias. Atif Mian y Amir ...

Other people's money

the real business of finance

The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to ...

Failed

what the "experts" got wrong about the global economy

Why did the Eurozone end up with an unemployment rate more than twice than that of the United States and six years after the collapse of Lehman Brothers? Was crisis in the Eurozone inevitable? What caused the prolonged economic failure experienced by the majority of ...

The courage to act

a memoir of a crisis and its aftermath

In 2006, Ben S. Bernanke was appointed chairman of the Federal Reserve, capping a meteoric trajectory from a rural South Carolina childhood to professorships at Stanford and Princeton, to public service in Washington's halls of power. There would be no time to celebrate, however-the ...

Between debt and the devil

money, credit, and fixing global finance

Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis ...

Disaster capitalism

making a killing out of catastrophe

Best-selling journalist Antony Loewenstein trav-els across Afghanistan, Pakistan, Haiti, Papua New Guinea, the United States, Britain, Greece, and Australia to witness the reality of disaster capitalism. He discovers how companies such as G4S, Serco, and Halliburton cash in on or-ganized misery in a hidden world ...

Capitalism

money, morals and markets

Capitalism has lifted millions out of poverty. Under its guiding hand, living standards throughout the Western world have been transformed. Further afield, the trail blazed by Japan is being followed by other emerging market countries across the globe, creating prosperity on a breathtaking scale.And ...

Coined

the rich life of money and how its history has shaped us

The importance of money in our lives is readily apparent to everyone--rich, poor, and in between. However grudgingly, most of us accept the expression "Money makes the world go round" as a universal truth. We are all aware of the power of money--how it influences ...

The Dollar trap

how the U.S. Dollar tightened its grip on global finance

The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008-2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar's looming displacement as ...