How markets fail : the logic of economic calamities /: the logic of economic calamities. (2009)

• Record Type: Book
• Further Information: Note: John Cassidy.
• Other Names: Cassidy, John, 1963-
• Contents: Pt. 1 Utopian economics : Warnings ignored and the conventional wisdom -- Adam Smith's invisible hand -- Friedrich Hayek's telecommunications system -- The perfect markets of Lausanne -- The mathematics of bliss -- The evangelist -- The coin-tossing view of finance -- The triumph of utopian economics -- pt. 2 Reality-based economics : The prof and the polar bears -- A taxonomy of failure -- The prisoner's dilemma and rational irrationality -- Hidden information and the market for lemons -- Keynes's beauty contest -- The rational herd -- Psychology returns to economics -- Hyman Minsky and Ponzi finance -- pt. 3 The great crunch : Greenspan shrugs -- The lure of real estate -- The subprime chain -- In the alphabet soup -- A matter of incentives -- London Bridge is falling down -- Socialism in our time.
• Publisher Details: New York : Farrar, Straus and Giroux
• Publication Date: 2009
• Extent: 1 online resource (viii, 390 pages)
• Subjects: 381; Economic & financial crises & disasters; Financial crises; Stock exchanges; Monetary policy; Banks and banking; BUSINESS & ECONOMICS -- Economics -- General; Banks and banking; Financial crises; Monetary policy; Stock exchanges; Electronic books
• Languages: English
• ISBNs: 9781429990691; 1429990694; 9780141939421; 0141939427
• Notes: Note: Includes bibliographical references (pages 347-370) and index.; Note: Print version record.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.