Cassidy, John, 1963-

How markets fail : the logic of economic calamities / John Cassidy. - 1st ed. - London : Allen Lane, Penguin Books, 2009. - viii, 390 p. ; 24 cm.

Includes bibliographical references (p. 347-370) and index.

Warnings ignored -- The invisible hand -- Prices as signals -- Perfect markets -- Proof positive? -- The evangelist -- Efficient markets -- Lucasian economics -- "The prof and the polar bears" -- A taxonomy of failure -- The prisoner's dilemma -- The market for lemons -- The beauty contest -- The rational herd -- Enter the pyschologists -- The irrational herd -- Ponzi finance -- The fountainhead -- The housing boom -- Subprime delusions -- TK -- TK.

9781846143007 (hbk.)

2009029529


Financial crises.
Stock exchanges.
Monetary policy.
Banks and banking.

381 / CAS