Unchecked and Unbalanced: How the Discrepancy Between Knowledge and Power Caused the Financial Crisis and Threatens Democracy (Hoover Studies in Politics, Economics, and Society) - Hardcover
Book 5 of 6: Hoover Studies in Politics, Economics, and Society
Synopsis
In Unchecked and Unbalanced, Arnold Kling provides a blueprint for those who are skeptical of political and financial elitism. At the heart of Kling's argument is the growing discrepancy between two phenomena: knowledge is becoming more diffuse, while political power is becoming more concentrated.
Kling sees this knowledge/power discrepancy at the heart of the financial crisis of 2008. Financial industry executives and regulatory officials lacked the ability to fathom the complexity of the system that had emerged. And, in response, Treasury Secretary Henry Paulson and Federal Reserve Board Chairman Ben Bernanke, said that they required still more power, including $700 billion to purchase "toxic assets" from banks.
Kling warns that increased concentration of power is a problem, not a panacea, for our modern world and suggests reforms designed to curb the growth of government and allow citizens greater control over the allocation of public goods.
Published in cooperation with the Hoover Institution
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About the Author
Arnold Kling was an economist on the staff of the Board of Governors of the Federal Reserve System from 1980-1986 and served as a senior economist at Freddie Mac from 1986-1994.
"About this title" may belong to another edition of this title.
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Unchecked and Unbalanced: How the Discrepancy Between Knowledge and Power Caused the Financial Crisis and Threatens Democracy (Hoover Studies in Politics, Economics, and Society)
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Rowman & Littlefield Publishers, 2009
ISBN 10: 144220124X
ISBN 13: 9781442201248
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Unchecked and Unbalanced : How the Discrepancy Between Knowledge and Power Caused the Financial Crisis and Threatens Democracy
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ISBN 10: 144220124X
ISBN 13: 9781442201248
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Unchecked and Unbalanced : How the Discrepancy Between Knowledge and Power Caused the Financial Crisis and Threatens Democracy
Published by
Rowman & Littlefield Publishers, Incorporated, 2009
ISBN 10: 144220124X
ISBN 13: 9781442201248
Used
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Seller: Better World Books: West, Reno, NV, U.S.A.
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Condition: Good. Former library copy. Pages intact with minimal writing/highlighting. The binding may be loose and creased. Dust jackets/supplements are not included. Includes library markings. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good. Seller Inventory # GRP92118639
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Unchecked and Unbalanced: How the Discrepancy Between Knowledge and Power Caused the Financial Crisis and Threatens Democracy
Published by
Rowman & Littlefield Publishers, 2009
ISBN 10: 144220124X
ISBN 13: 9781442201248
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Unchecked and Unbalanced: How the Discrepancy Between Knowledge and Power Caused the Financial Crisis and Threatens Democracy (Hoover Studies in Politics, Economics, and Society)
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Unchecked and Unbalanced (Hardcover)
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ISBN 10: 144220124X
ISBN 13: 9781442201248
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Hardcover. Condition: new. Hardcover. In Unchecked and Unbalanced, Arnold Kling provides a blueprint for those who are skeptical of political and financial elitism. At the heart of Kling's argument is the growing discrepancy between two phenomena: knowledge is becoming more diffuse, while political power is becoming more concentrated. Kling sees this knowledge/power discrepancy at the heart of the financial crisis of 2008. Financial industry executives and regulatory officials lacked the ability to fathom the complexity of the system that had emerged. And, in response, Treasury Secretary Henry Paulson and Federal Reserve Board Chairman Ben Bernanke, said that they required still more power, including $700 billion to purchase "toxic assets" from banks. Kling warns that increased concentration of power is a problem, not a panacea, for our modern world and suggests reforms designed to curb the growth of government and allow citizens greater control over the allocation of public goods.Published in cooperation with the Hoover Institution In Unchecked and Unbalanced, Arnold Kling provides a blueprint for those who are skeptical of political and financial elitism. At the heart of Kling's argument is the growing discrepancy between two phenomena: knowledge is becoming more diffuse, while political power is becoming more concentrated. Kling sees this knowledge/power discrepancy at the Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781442201248
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Unchecked and Unbalanced : How the Discrepancy Between Knowledge and Power Caused the Financial Crisis and Threatens Democracy
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Unchecked and Unbalanced : How the Discrepancy Between Knowledge and Power Caused the Financial Crisis and Threatens Democracy
Published by
Rowman & Littlefield Publishers, 2009
ISBN 10: 144220124X
ISBN 13: 9781442201248
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Unchecked and Unbalanced: How the Discrepancy Between Knowledge and Power Caused the Financial Crisis and Threatens Democracy (Hoover Studies in Politics, Economics, and Society)
Published by
Rowman & Littlefield Publishers, 2009
ISBN 10: 144220124X
ISBN 13: 9781442201248
New
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