Binding: Hardcover
Dewey Decimal Number: 332
EAN: 9781905641857
Format: Import
ISBN: 1905641850
Label: Harriman House
Manufacturer: Harriman House
Number Of Items: 1
Number Of Pages: 200
Publication Date: September 01, 2008
Publisher: Harriman House
Sales Rank: 160480
Studio: Harriman House

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Editorial Review:

Product Description:
The Origin of Financial Crises provides a compelling analysis of the forces behind today's economic crisis. In a series of disarmingly simple arguments George Cooper challenges the core principles of today's economic orthodoxy, explaining why financial markets do not obey the efficient market principles described in today's economic textbooks but are instead inherently unstable and habitually crisis prone.




Rating: - un buen libro de introducción a la economía y la crisis
ESP. Buen libro, facil de leer. Con un recorrido interesante sobre historia y teoría económica.

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Rating: - interesting, but seems to argue both sides
He begins the book placing everyone into two camps. Either, 1) laissez faire adherents who have to believe in the Efficient Market Hypothesis (EMH) or 2) Keynesians/Minsky-ites (government interventionists) who don't believe in the EMH. Now, I really wondered if this dichotomy is so easy to state. I consider myself a laissez faire person who also believes in behavioral finance (a form of denial of EMH). He goes on to say that 2) is the right camp, and tells you he will let you know later in ... Read More

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Rating: - Worth the exposure to asymmetrical financial market concept
Short with big print. I like the big print. Defends applying an asymmetrical market concept to credit and financial markets. A gallant effort that I took very seriously. I think his position has merit. He provides sufficient evidence for it.

The book starts out dry. Don't let that deter you. It cranks up beginning around his story about the history of money. I had hoped for a more robust conclusion. Still, one of the best books I have read.

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Rating: - well written but not convincing
This book is well written. It is very well organised and structured, engaging, easy to read, clear and interesting.

According to the author, one can hold one of 3 views:
1) one can think that the markets are efficient (auto-equilibrating) and believe the central banks are required (mainstream thinking). According to the author, this is logically untenable because if the markets are efficient, then logically one would not need a central bank to correct desequilibria as they would ... Read More

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Rating: - Well-written critique, but affirmative points less convincing
There's a lot to like in this book. George Cooper (GC) provides one of the most lucid and concise descriptions of the role of central banking you're ever likely to encounter. He carefully distinguishes among the philosophies of different central bankers, such as between the Federal Reserve and the European Central Bank. His critique of the Efficient Market Hypothesis (or "fallacy", as he prefers to call it) is trenchant and clear, as is his analysis of why the "fundamentals" of a stock aren't fundamental. ... Read More

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