The Cost of Capitalism: Understanding Market Mayhem and Stabilizing our Economic Future
Language: English
Published by McGraw-Hill Education - Europe, 2009
- Hardcover
- Used
Seller: World of Books Inc, Montgomery, IL, U.S.A.World of Books Inc
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Condition: Used - Good
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A leading Wall Street economist explains in laymans terms the prescient yet overlooked ideas of renegade economist Hyman Minsky, namely, that economic instability is the norm, not the exception.
Seller Inventory # CIN0071628444G
- Title
- The Cost of Capitalism: Understanding Market Mayhem and Stabilizing our Economic Future
- Author
- Robert Barbera
- Publisher
- McGraw-Hill Education - Europe
- Publication year
- 2009
- Condition
- Good
- Binding
- Hardback
- Language
- English
- ISBN 10
- 0071628444
- ISBN 13
- 9780071628440
While mainstream financial analysts are stringing together ad hoc explanations for the financial crisisof 2008, a relatively small group of economists saw this coming. In The Cost of Capitalism, Robert J.Barbera explains why.
Barbera makes the case that investors and policy-makers can reduce the risk of truly gruesome outcomes if they better planfor the violent economic storms, which history confirms are always over the horizon.
Investors will learn how to gird themselves for the roller-coaster ride that is free market capitalism;policy makers will find out how to plan for crises they know will occur at some point; and academiceconomists will rethink their pursuit of ever more elaborate mathematical models that bear noresemblance to the real world.
The message is simple: Stop pretending that people are always rational and that markets are alwaysefficient―and be prepared for market mayhem.
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World of Books Inc
Montgomery, IL, U.S.A.
AbeBooks seller since March 23, 2026
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