Steven A. Cohen is a Wall Street legend. Born into a middle class family in an affluent Long Island town, he longed from an early age to be a star on Wall Street. He went to Wharton, and in 1992 launched the hedge fund SAC Capital, which he built into a 15 billion dollar empire,…
Stephen Bell and Andrew Hindmoor compare banking systems in the U.S. and UK to those of Canada and Australia and explain why the system imploded in the former but not the latter. Canadian and Australian banks were able to make profits through traditional lending practices, unlik…
Bringing together contributions from a multi-disciplinary and international group of experts, this volume explores the effects and legacies of Argentina's 2001-2002 social, economic, and political implosion. Interrogating the nature and effects of the crisis, the contributors re…
This book explores the way in which the financial crisis that began in the US spread to the economy of the European Union. It takes a critical look at the measures adopted by EU institutions in response to that crisis, seeking to explain the rationale behind them, their context,…
Organized around the themes of economy and politics; critical theory; and culture in order to offer an impressive range of thematic perspectives and critical angles, the book delves into the most pressing of today's quandaries by combining stringent critical analysis with creati…
Organized around the themes of economy and politics; critical theory; and culture in order to offer an impressive range of thematic perspectives and critical angles, the book delves into the most pressing of today's quandaries by combining stringent critical analysis with creati…
The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge
From a Marxist perspective, this book argues that the global economy remains in the throes of a depression. Making the case that the profitability of capital is too low, and the debt built up before the Great Recession too high, economist Michael Roberts presents his case that t…
Examining the differences and commonalities of eight global financial crises since the late 19th century (including the Great Depression of the 1930s and the financial debacle of the early 21st century) this book provides insights into how the financial landscape has - or has no…
Before there was money, there was debt. Every economics textbook says the same thing: Money was invented to replace onerous and complicated barter systems--to relieve ancient people from having to haul their goods to market. The problem with this version of history? There's not …
Here anthropologist David Graeber presents a reversal of conventional wisdom. He shows that for more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods that is, long before the invention of coins …
"Before there was money, there was debt. Every economics textbook says the same thing: Money was invented to replace onerous and complicated barter systems--to relieve ancient people from having to haul their goods to market. The problem with this version of history? There's not…
"Before there was money, there was debt. Every economics textbook says the same thing: Money was invented to replace onerous and complicated barter systems--to relieve ancient people from having to haul their goods to market. The problem with this version of history? There's not…
Here anthropologist David Graeber presents a reversal of conventional wisdom. He shows that for more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods that is, long before the invention of coins …
Since 2008, economic policymakers and researchers have occupied a brave new economic world. Previous consensuses have been upended, former assumptions have been cast into doubt, and new approaches have yet to stand the test of time. Policymakers have been forced to improvise and…
Post-crisis fiscal policy
"Fiscal policy makers have faced an extraordinarily challenging environment over the last few years. At the outset of the global financial crisis, the International Monetary Fund (IMF) for the first time advocated a fiscal expansion across all countries able to afford it, a seem…