The market as God

The Market has deified itself, according to Harvey Cox s brilliant exegesis. And all of the world s problems widening inequality, a rapidly warming planet, the injustices of global poverty are consequently harder to solve. Only by tracing how the Market reached its divine status ...

El fin de la alquimia

dinero, banca y el futuro de la economía global

En los últimos veinte años el mundo desarrollado ha vivido un crecimiento y estabilidad sin precedentes y, tras ello, la peor crisis financiera en décadas. Mervyn King, uno de los actores principales de este drama y gobernador del Banco de Inglaterra entre 2003 y 2013 ...

Stability in international finance

applications of price disequilibrium theory

This book aims to explore stability in an international financial system using disequilibrium theory. It examines historical cases of both instability and stability and reviews price-disequilibrium theory to construct a theoretical model for a stable international financial system. In the modern knowledge economy in a ...

El pequeño libro que aún vence al mercado

Invertir es difícil. Por eso tener una estrategia de inversión a largo plazo, disciplinada y metódica es esencial para mantenerse y acertar en todos los mercados. A través de una simple fórmula mágica este libro puede enseñarte cómo hacerlo de manera sencilla y con escaso ...

Turbocapitalismo

los maestros de la quiebra

Su experiencia como especialista en reestructuración y refinanciación de la deuda, le ha permitido vivir las finanzas internacionales desde dentro, por lo que puede explicar cómo funciona. El autor quiere dejar a nuestros hijos un mundo mejor que en el que estamos y por ello ...

Connectedness and contagion

protecting the financial system from panics

The Dodd--Frank Act of 2010 was intended to reform financial policies in order to prevent another massive crisis such as the financial meltdown of 2008. Dodd--Frank is largely premised on the diagnosis that connectedness was the major problem in that crisis -- that is, that financial ...

Third wave capitalism

how money, power, and the pursuit of self-interest have imperiled the American Dream

In Third Wave Capitalism, John Ehrenreich documents the emergence of a new stage in the history of American capitalism. Just as the industrial capitalism of the nineteenth century gave way to corporate capitalism in the twentieth, recent decades have witnessed corporate capitalism evolving into a ...

Saving capitalism

for the many, not the few

America was once celebrated for and defined by its large and prosperous middle class. Now, this middle class is shrinking, a new oligarchy is rising, and the country faces its greatest wealth disparity in eighty years. Why is the economic system that made America strong ...

What they do with your money

how the financial system fails us and how to fix it

Each year we pay billions in fees to those who run our financial system. The money comes from our bank accounts, our pensions, our borrowing, and often we aren't told that the money has been taken. These billions may be justified if the finance ...

Makers and takers

the rise of finance and the fall of American business

Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking ...

The Federal Reserve's role in the global economy

a historical perspective

The importance of international considerations in the US Federal Reserve System's deliberations has become more and more important over time as global financial crises and events create ever stronger repercussions in the US economy. This book critically evaluates the role of the Federal Reserve ...

Liquidity lost

the governance of the global financial crisis

The interventions of crisis management during the 2007 to 2011 financial crisis were not simply responses to a set of given developments in markets, banking or neo-liberal capitalism. Nor can those interventions be adequately explained as the actions of sovereign state officials and institutions. Instead ...

Can "it" happen again?

In the winter of 1933, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout the world have been haunted by the question of whether "It" can happen again. In 2008 "It" very nearly happened again as banks and ...

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 ...