Economist, Andrew Smithers, was one of the few who warned, in advance of the financial crisis, that economic policy must be changed for it to be avoided. At the peak of the stock market in March 2000 he published, with co-author Stephen Wright, Valuing Wall Street which showed t…
In the aftermath of the Financial Crisis, many commonly held beliefs have emerged to explain its cause. Conventional wisdom blames Wall Street and the mortgage industry for using low down pay-ments, teaser rates, and other predatory tactics to seduce unsuspecting home owners int…
In this bracing, page-turning account of his stranger-than-fiction baptism into the corrupted ways of Washington, Neil Barofsky offers an irrefutable indictment, from an insider of the Bush and Obama administrations, of the mishandling of the $700 billion bailout fund. In vivid …
This timely book addresses key challenges faced by policy makers and the house-building industry in a post-credit crunch world. It examines the implications for households, the housing market, the economy, as well as for government's policy choices. "Challenges of the Housing Ec…
The recent financial meltdown and the resulting global recession have rekindled debates regarding the nature of contemporary capitalism. This book analyses the ongoing financialization of the economy as a development within capitalism, and explores the ways in which it has chang…
This book explains how American and international government intervention kept the US financial system from a total meltdown. With bracing clarity, Blinder shows us how the U.S. financial system experienced a perfect storm beginning in 2007. Blinder offers clear-eyed answers to …
The global financial crisis hit the world in a remarkable way in late 2008. Many governments and private sector organizations, who had considered Public-Private Partnerships (PPPs) to be their future, were forced to rethink their strategy in the wake of the crisis, as a lot of t…
New York Times BestsellerWashington Post BestsellerLos Angeles TimesBestsellerStress Test is the story of Tim Geithner's education in financial crises. As president of the Federal Reserve Bank of New York and then as President Barack Obama's secretary of the Treasury, Timothy F.…
This book presents the theory and evidence on the effect of market liquidity and liquidity risk on asset prices and on overall securities market performance. Illiquidity means incurring a high transaction cost, which includes a large price impact when trading and facing a long t…
Five years into capitalism's deepest crisis, which has led to cuts and economic pain across the world, Against Austerity addresses a puzzling aspect of the current conjuncture: why are the rich still getting away with it? Why is protest so ephemeral? Why does the left appear to …
Who is Bernie Madoff, and how did he pull off the biggest Ponzi scheme in history? In "The Wizard of Lies", Diana B. Henriques of "The New York Times"--Who has led the paper's coverage of the Madoff scandal since the day the story broke - has written the definitive book on the m…
In The Death of Money - a New York Times bestseller and a Wall Street Journal bestseller - Rickards explores the future of the international monetary system. The international monetary system has collapsed three times in the past hundred years. Each collapse was followed by a pe…
This book deals with the structural origins of economic and financial crises. It provides a critical assessment of past and contemporary economic analyses and policies, which were in fact at the origin of a variety of major economic and financial crises that have been occurring …
An unusual consensus has developed among economists that the 'long boom' before 2008, and the subsequent crisis and recession, resulted from a global excess of capital. Over-supply of saving drive down capital costs, encouraging excessively risky investment and preventing the sc…
At the onset of the Great Recession, as house prices sank and joblessness soared, many commentators thought that neoliberalism itself was in its death throes. And yet it seems that - post-apocalypse - we've woken into a second nightmare more ghastly than the first: a political c…
Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. "Profiting Without Producing" puts forth a distinctive view defining financialization in terms…
Despite the depth of the Greek crisis, the exorbitant burdens placed upon the working people and the massive popular resistance movement to capitalist policies, there is a definite lack of consistently Marxist analyses of the Greek problem. International debates regarding the Gr…