The Cost of Capitalism: Understanding Market Mayhem and Stabilizing our Economic Future

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2009-03-06
  • Publisher: McGraw-Hill Education

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Supplemental Materials

What is included with this book?


CNBC regular Barbera offers a clear explanation of the financial market crisis of 2008. The author makes the case that investors and policy-makers can reduce the risk of poor outcomes if they plan for the violent economic storms, which history confirms are always over the horizon.

Author Biography

Robert J. Barbera, Ph.D., is executive vice president and chief economist at ITG and an Economics Department Fellow at Johns Hopkins University. He formerly served as chief economist and director of economic research at Lehman Brothers. Before arriving on Wall Street, Barbera was a staff economist for Senator Paul Tsongas and an economist for the Congressional Budget Office.

Table of Contents

Prefacep. xi
Acknowledgmentsp. xvii
The Postcrisis Case for a New Paradigmp. 1
Financial Markets and Monetary Policy in Perspective
The Markets Stoke the Boom and Bust Cyclep. 15
The ABCs of Risky Financep. 25
Financial Markets as a Source of Instabilityp. 37
Free Market Capitalism: Still the Superior Strategyp. 55
Monetary Policy: Not the Wrong Men, the Wrong Modelp. 71
Economic Experience: 1985-2002
How Financial Instability Emerged in the 1980sp. 83
Financial Mayhem in Asia: Japan's Implosion and the Asian Contagionp. 93
The Brave-New-World Boom Goes Bust: The 1990s Technology Bubblep. 107
Emerging Realities: 2007-2008
Greenspan's Conundrum Fosters the Housing Bubblep. 123
Bernanke's Calamity and the Onset of U.S. Recessionp. 139
Domino Defaults, Global Markets Crisis, and End of the Great Moderationp. 149
Recasting Economic Theory for the Twenty-First Century
Economic Orthodoxy on the Eve of the Crisisp. 161
Minsky and Monetary Policyp. 177
One Practitioner's Professional Journeyp. 191
Global Policy Risks in the Aftermath of the 2008 Crisisp. 205
Notesp. 217
Referencesp. 225
Indexp. 233
Table of Contents provided by Ingram. All Rights Reserved.

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