Global Financial Meltdown How We Can Avoid The Next Economic Crisis

by Read, Colin

• ISBN13: 9780230222182
• ISBN10: 0230222188
• eBook ISBN(s): 9780230595187
• Edition: 1st
• Format: Hardcover
• Copyright: 2009-02-15
• Publisher: Palgrave Macmillan
• More Book Details

Summary

In easy to understand terms and journalistic style, Colin Read describes the reasons for global financial unrest arising from the sub-prime mortgage crisis and economic meltdowns. He walks the reader through a number of topics in economics and connects these topics to real world financial problems concluding with recommendations for the future.

Author Biography

COLIN READ has a Ph.D. in Economics, a law degree, and master’s degree in business and in taxation. He has taught economics and finance for twenty five years, and is currently Dean of a school of business and economics in New York. He has recently published a book on International Taxation, and appears regularly on a local PBS show on economic development, and is a prolific writer on a variety of economic issues

Table of Contents

List of Illustrations	p. ix
About the Author	p. x
Introduction	p. 1
Evolution of the Modern Economic System
The Beauty (and the Beast) of Free Markets	p. 7
The Post-Industrial Revolution and the Transforming Economies	p. 18
Creation of the Consumer-Investor
The Anatomy of a Train Wreck	p. 29
Get Your Money for Nothing and Your Kicks for Free	p. 38
The World Threw a Party	p. 45
An Emerging New World
When I'm 64	p. 59
Progress Marches On	p. 67
Fill 'Er Up	p. 74
Gold, Oil, and Dollars, and the Decline of an Economic Superpower	p. 83
Banks and Central Banking
Too Clever by One Half	p. 91
Who's Minding the Store?	p. 100
Who Spiked the Punchbowl?	p. 112
Who Stole the Punchbowl?	p. 118
Seems that We Have a Failure to Coordinate	p. 124
The Timely Death of Supply Side Economics	p. 132
Financial Failures
The Higher You Go, the Farther You Fall	p. 139
America Sneezes and the World Catches a Cold	p. 144
Asleep at the Switch	p. 149
The Bigger You Are, the Softer You Fall	p. 158
It's Downright Criminal	p. 166
Somebody's Hedging	p. 172
Markets and Technology - The Great Enabler or the Great Disabler?	p. 180
Politics and Perceptions
Panics, Politics, and the Media	p. 189
The Only Thing We Have to Fear is Fear Itself	p. 194
Do Stimulus Packages Work?	p. 201
When Politics Gets in the Way of Good Ole' Common Sense	p. 207
The Taxman Cometh	p. 213
An Educated Global Citizen	p. 222
Let's Build a Better Mousetrap	p. 225
Conclusions	p. 239
Epilogue	p. 242
Notes	p. 245
Index	p. 249
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