Overview:ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism - Why are we in such a financial mess today? There are lots of proximate causes: over-leverage, global imbalances, bad financial technology that lead to widespread underestimation of risk.But these are all symptoms. Until we isolate and tackle fundamental causes, we will fail to extirpate the disease. ECONnedis the first book to examine the unquestioned role of economists as policy-makers, and how they helped create an unmitigated economic disaster. Here, Yves Smith looks at how economists in key policypositions put doctrine before hard evidence, ignoring the deteriorating conditions and rising dangers that eventually led them, and us, off the cliff and into financial meltdown. Intelligently written for the layman, Smith takes us on a terrifying investigation of the financial realm over the lasttwenty-five years of misrepresentations, naive interpretations of economic conditions, rationalizations of bad outcomes, and rejection of clear signs of growing instability. In eConned, author Yves Smith reveals: - why the measures taken by the Obama Administration are mere palliatives and are unlikely to pave the way for a solid recovery - how economists have come to play a profoundly anti-democratic role in policy - how financial models and concepts that were discredited more than thirty years ago are still widely used by banks, regulators, and investors - how management and employees of major financial firms looted them, enriching themselves and leaving the mess to taxpayers - how financial regulation enabled predatory behavior by Wall Street towards investors - how economics has no theory of financial systems, yet economists fearlessly prescribe how to manage them
This book is on page /a06b960ac9dc90216ed4e00b41bc8290/book/1603728448-9780230114562. It was written by the following authors: Yves Smith. Book ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism, which can be read online, published by the company: Palgrave Macmillan. Other books on similar topics can be found in sections: Finance, Business, Law. The book was published on 2011-10-18 00:00:00. It has 368 pages and is published in Paperback format and weight 417 g. File for download ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism has PDF format and is called econned-how-unenlightened-self-interest-undermined-democracy-and-corrupted-capitalism.pdf. Other books you can download below. Our topcanal.eu site is not responsible for the content of PDF files.
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