A History of Financial Crises: Dreams and Follies of Expectations (Economics as Social Theory)

0 avg rating
( 0 ratings by Goodreads )
 
9780415687256: A History of Financial Crises: Dreams and Follies of Expectations (Economics as Social Theory)
View all copies of this ISBN edition:
 
 

"Once-in-a-lifetime" financial crises have been a recurrent part of life in the last three decades. It is no longer possible to dismiss or ignore them as aberrations in an otherwise well-functioning system. Nor are they peculiar to recent times. Going back in history, asset price bubbles and bank-runs have been an endemic feature of the capitalist system over the last four centuries. The historical record offers a treasure trove of experience that may shed light on how and why financial crises happen and what can be done to avoid them - provided we are willing to learn from history.

This book interweaves historical accounts with competing economic crisis theories and reveals why commentaries are often contradictory. First, it presents a series of episodes from tulip mania in the 17th century to the subprime mortgage meltdown. In order to tease out their commonalities and differences, it describes political, economic, and social backgrounds, identifies the primary actors and institutions, and explores the mechanisms behind the asset price bubbles, crashes, and bank-runs. Second, it starts with basic economic concepts and builds five competing theoretical approaches to understanding financial crises. Competing theoretical standpoints offer different interpretations of the same event, and draw dissimilar policy implications.

This book analyses divergent interpretations of the historical record in relation to how markets function, the significance of market imperfections, economic decision-making process, the role of the government, and evolutionary dynamics of the capitalist system. Its diverse theoretical and historical content of this book complements economics, history and political science curriculum.

"synopsis" may belong to another edition of this title.

From the Inside Flap:

This is a lucid and illuminating book with much to teach both the student and instructor.  It comes as close to a page turner as a book on finance and economics can be.  The approach adopted of first documenting financial crises and then explaining those using alternative theoretical approaches is very effective.  This method applied as a climax of the book to the 2007-2008 financial crisis successfully reinforces earlier lessons.
 
 This book offers and employs a rich theoretical framework for examining, assessing and understanding the multiplicity of forces generating specific crises over an especially long run - from tulip mania and the Mississippi Bubble all of the way up to what the author coins as "The Latest Act: The Crash of the 2000s." In my judgment, Bilginsoy has authored an especially comprehensive, thorough, and readable book on the subject of crisis and crises.
 
This new volume by Cihan Bilginsoy will take its place alongside Kindleberger and Aliber's "Manias, Crashes, and Panics" and Reinhart and Rogoff's "This Time It's Different" as a valuable introduction to the financial booms and crashes which continue to shape our world. While "Manias, Crashes, and Panics" focuses attention on market and international dynamics, and "This Time It's Different" on sovereign debt, Bilginsoy goes beyond these texts in his recounting of the historical background and institutional mechanics of a wide range of boom-crash episodes, and in his comprehensive discussion of economists' debates about why they happened. Indeed, a great strength of this book is its author's even-handed approach to different economic points of view: readers can think along with established experts about the deeper logic of these events. Consequently, this book - written to be accessible to non-economics university students - will be equally valuable for professional economists and investors.

From the Back Cover:

t

"About this title" may belong to another edition of this title.

Buy New View Book
List Price: US$ 70.95
US$ 58.75

Convert currency

Shipping: FREE
From United Kingdom to U.S.A.

Destination, rates & speeds

Add to Basket

Other Popular Editions of the Same Title

9780415687249: A History of Financial Crises: Dreams and Follies of Expectations (Economics as Social Theory)

Featured Edition

ISBN 10:  0415687241 ISBN 13:  9780415687249
Publisher: Routledge, 2014
Hardcover

Top Search Results from the AbeBooks Marketplace

1.

Cihan Bilginsoy
Published by Taylor & Francis Ltd, United Kingdom (2015)
ISBN 10: 041568725X ISBN 13: 9780415687256
New Paperback Quantity Available: 1
Seller:
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description Taylor & Francis Ltd, United Kingdom, 2015. Paperback. Condition: New. Language: English. Brand new Book. "Once-in-a-lifetime" financial crises have been a recurrent part of life in the last three decades. It is no longer possible to dismiss or ignore them as aberrations in an otherwise well-functioning system. Nor are they peculiar to recent times. Going back in history, asset price bubbles and bank-runs have been an endemic feature of the capitalist system over the last four centuries. The historical record offers a treasure trove of experience that may shed light on how and why financial crises happen and what can be done to avoid them - provided we are willing to learn from history.This book interweaves historical accounts with competing economic crisis theories and reveals why commentaries are often contradictory. First, it presents a series of episodes from tulip mania in the 17th century to the subprime mortgage meltdown. In order to tease out their commonalities and differences, it describes political, economic, and social backgrounds, identifies the primary actors and institutions, and explores the mechanisms behind the asset price bubbles, crashes, and bank-runs. Second, it starts with basic economic concepts and builds five competing theoretical approaches to understanding financial crises. Competing theoretical standpoints offer different interpretations of the same event, and draw dissimilar policy implications. This book analyses divergent interpretations of the historical record in relation to how markets function, the significance of market imperfections, economic decision-making process, the role of the government, and evolutionary dynamics of the capitalist system. Its diverse theoretical and historical content of this book complements economics, history and political science curriculum. Seller Inventory # AAZ9780415687256

More information about this seller | Contact this seller

Buy New
US$ 58.75
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

2.

Cihan Bilginsoy
ISBN 10: 041568725X ISBN 13: 9780415687256
New Quantity Available: 1
Seller:
Speedy Hen LLC
(Sunrise, FL, U.S.A.)
Rating
[?]

Book Description Condition: New. Bookseller Inventory # ST041568725X. Seller Inventory # ST041568725X

More information about this seller | Contact this seller

Buy New
US$ 60.87
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

3.

Cihan Bilginsoy
Published by Taylor & Francis Ltd, United Kingdom (2015)
ISBN 10: 041568725X ISBN 13: 9780415687256
New Paperback Quantity Available: 1
Seller:
Book Depository International
(London, United Kingdom)
Rating
[?]

Book Description Taylor & Francis Ltd, United Kingdom, 2015. Paperback. Condition: New. Language: English. Brand new Book. "Once-in-a-lifetime" financial crises have been a recurrent part of life in the last three decades. It is no longer possible to dismiss or ignore them as aberrations in an otherwise well-functioning system. Nor are they peculiar to recent times. Going back in history, asset price bubbles and bank-runs have been an endemic feature of the capitalist system over the last four centuries. The historical record offers a treasure trove of experience that may shed light on how and why financial crises happen and what can be done to avoid them - provided we are willing to learn from history.This book interweaves historical accounts with competing economic crisis theories and reveals why commentaries are often contradictory. First, it presents a series of episodes from tulip mania in the 17th century to the subprime mortgage meltdown. In order to tease out their commonalities and differences, it describes political, economic, and social backgrounds, identifies the primary actors and institutions, and explores the mechanisms behind the asset price bubbles, crashes, and bank-runs. Second, it starts with basic economic concepts and builds five competing theoretical approaches to understanding financial crises. Competing theoretical standpoints offer different interpretations of the same event, and draw dissimilar policy implications. This book analyses divergent interpretations of the historical record in relation to how markets function, the significance of market imperfections, economic decision-making process, the role of the government, and evolutionary dynamics of the capitalist system. Its diverse theoretical and historical content of this book complements economics, history and political science curriculum. Seller Inventory # AAZ9780415687256

More information about this seller | Contact this seller

Buy New
US$ 61.68
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

4.

Bilginsoy, Cihan
ISBN 10: 041568725X ISBN 13: 9780415687256
New Quantity Available: 1
Seller:
Paperbackshop-US
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description 2014. PAP. Condition: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Seller Inventory # KS-9780415687256

More information about this seller | Contact this seller

Buy New
US$ 60.55
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds

5.

Bilginsoy, Cihan
Published by Routledge (2014)
ISBN 10: 041568725X ISBN 13: 9780415687256
New Quantity Available: 1
Seller:
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description Routledge, 2014. PAP. Condition: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Seller Inventory # GB-9780415687256

More information about this seller | Contact this seller

Buy New
US$ 53.61
Convert currency

Add to Basket

Shipping: US$ 11.57
From United Kingdom to U.S.A.
Destination, rates & speeds

6.

Bilginsoy, Cihan
Published by Routledge (2016)
ISBN 10: 041568725X ISBN 13: 9780415687256
New Paperback Quantity Available: 1
Print on Demand
Seller:
Ria Christie Collections
(Uxbridge, United Kingdom)
Rating
[?]

Book Description Routledge, 2016. Paperback. Condition: New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. Seller Inventory # ria9780415687256_lsuk

More information about this seller | Contact this seller

Buy New
US$ 62.67
Convert currency

Add to Basket

Shipping: US$ 4.98
From United Kingdom to U.S.A.
Destination, rates & speeds

7.

Bilginsoy, Cihan
Published by Routledge
ISBN 10: 041568725X ISBN 13: 9780415687256
New PAPERBACK Quantity Available: 10
Seller:
Books Go Direct
(Wisconsin rapids, WI, U.S.A.)
Rating
[?]

Book Description Routledge. PAPERBACK. Condition: New. Seller Inventory # sku:a1004213

More information about this seller | Contact this seller

Buy New
US$ 68.23
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

8.

Cihan Bilginsoy
Published by Routledge (2014)
ISBN 10: 041568725X ISBN 13: 9780415687256
New Softcover Quantity Available: 1
Seller:
Ria Christie Collections
(Uxbridge, United Kingdom)
Rating
[?]

Book Description Routledge, 2014. Condition: New. book. Seller Inventory # ria9780415687256_rkm

More information about this seller | Contact this seller

Buy New
US$ 67.20
Convert currency

Add to Basket

Shipping: US$ 4.98
From United Kingdom to U.S.A.
Destination, rates & speeds

9.

BILGINSOY, CIHAN
Published by Routledge (2014)
ISBN 10: 041568725X ISBN 13: 9780415687256
New Paperback Quantity Available: 1
Seller:
Herb Tandree Philosophy Books
(Stroud, GLOS, United Kingdom)
Rating
[?]

Book Description Routledge, 2014. Paperback. Condition: NEW. 9780415687256 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. For all enquiries, please contact Herb Tandree Philosophy Books directly - customer service is our primary goal. Seller Inventory # HTANDREE0831424

More information about this seller | Contact this seller

Buy New
US$ 63.56
Convert currency

Add to Basket

Shipping: US$ 10.26
From United Kingdom to U.S.A.
Destination, rates & speeds

10.

Bilginsoy, Cihan
Published by Routledge
ISBN 10: 041568725X ISBN 13: 9780415687256
New Softcover Quantity Available: 1
Print on Demand
Seller:
Rating
[?]

Book Description Routledge. Condition: BRAND NEW. BRAND NEW Softcover - This title is now printed on demand - please allow added time for shipment! A Brand New Quality Book from a Full-Time Veteran Owned Bookshop in business since 1992!. Seller Inventory # 3401425

More information about this seller | Contact this seller

Buy New
US$ 74.90
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

There are more copies of this book

View all search results for this book