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.