The Cost of Capitalism: Understanding Market Mayhem and Stabilizing our Economic Future

Robert Barbera

ISBN 10: 0071628444 / ISBN 13: 9780071628440

Published by McGraw-Hill Education, 2009

About this Item

Inscribed by Robert Barbera.

Seller Inventory # 025936

Bibliographic Details

• Title: The Cost of Capitalism: Understanding Market Mayhem and Stabilizing our Economic Future
• Publisher: McGraw-Hill Education
• Publication Date: 2009
• Language: English
• ISBN 10: 0071628444
• ISBN 13: 9780071628440
• Binding: Hardcover
• Edition: 1st Edition.
• Condition: Fine
• Dust Jacket Condition: Fine
• Signed: Inscribed by Author(s)
• Book Type: Book
• Seller catalogs:
  • Signed Books
  • Business

About this title

Synopsis

CNBC regular Robert J. Barbera offers a crystal clear explanation of the financial market crisis of 2008

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.

About the Author

Robert J. Barbera, Ph.D., is executive vicepresident and chief economist at ITG andan Economics Department Fellow at JohnsHopkins University. He has been a notedWall Street economist for over 25 years.Before arriving on Wall Street, Barbera wasa staff economist for Senator Paul Tsongasand an economist for the CongressionalBudget Offi ce.