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ECONned

How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism

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"In ECONned, Yves Smith draws a direct connection between fundamentally flawed financial theories and a series of crises that culminated in the global meltdown of 2007 and 2008. This devastating critique shows that the pursuit of unenlightened self interest has produced a financial services industry that is a doomsday machine, systematically predatory, and now hugely powerful thanks to its control of vital financial infrastructure." "This is the first book to put the financial crisis in its proper context, as not merely a subprime mortgage meltdown, but the inevitable culmination of a process building over decades yet endorsed by mainstream economists and enabled by their flawed precepts."--Jacket

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ECONned, Yves Smith

Sprache
Erscheinungsdatum
2010
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Titel
ECONned
Untertitel
How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism
Sprache
Englisch
Autor*innen
Yves Smith
Erscheinungsdatum
2010
Einband
Flexobindung
Seitenzahl
362
ISBN10
0230620515
ISBN13
9780230620513
Reihe
Bewertung
4 von 5 Sternen
Beschreibung
"In ECONned, Yves Smith draws a direct connection between fundamentally flawed financial theories and a series of crises that culminated in the global meltdown of 2007 and 2008. This devastating critique shows that the pursuit of unenlightened self interest has produced a financial services industry that is a doomsday machine, systematically predatory, and now hugely powerful thanks to its control of vital financial infrastructure." "This is the first book to put the financial crisis in its proper context, as not merely a subprime mortgage meltdown, but the inevitable culmination of a process building over decades yet endorsed by mainstream economists and enabled by their flawed precepts."--Jacket