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Why the World Economy Needs a Financial Crash and Other Critical Essays on Finance and Financial Economics
Engelsk
Bogcover for Why the World Economy Needs a Financial Crash and Other Critical Essays on Finance and Financial Economics af Jan Toporowski, 9780857289599
Specifikationer
Sprog:
Engelsk
Sider:
158
ISBN-13:
9780857289599
Indbinding:
Hardback
ISBN-10:
0857289594
Kategori:
Udg. Dato:
1 dec 2010
Størrelse i cm:
22,0 x 14,3 x 2,0
Forlag:
Oplagsdato:
1 dec 2010
Forfatter(e):
Genre:

Why the World Economy Needs a Financial Crash and Other Critical Essays on Finance and Financial Economics

Engelsk
Hardback 2010
Format:

Bog beskrivelse
The essays in this volume explain the key structural features of financial inflation that give rise to financial crisis. These features include excessive reliance on finance to maintain economic activity through rising asset prices. Reliance on asset inflation induces a preoccupation with property values and a new social divide between the asset-rich and the asset-poor that determines the culture of the welfare state. When debt can no longer be supported by cash flow from asset markets, excess debt plunges economies into depression. This collection features the title article `Why the World Economy Needs a Financial Crash'', which achieved notoriety when first published in the Financial Times in 1986, and has since proved prophetic of recent events.
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Specifikationer
Sprog:
Engelsk
Sider:
158
ISBN-13:
9780857289599
Indbinding:
Hardback
ISBN-10:
0857289594
Kategori:
Udg. Dato:
1 dec 2010
Størrelse i cm:
22,0 x 14,3 x 2,0
Forlag:
Oplagsdato:
1 dec 2010
Forfatter(e):
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