financial crises

Introduces arguments about the effectiveness of government bailouts, discussing whether repaid debt has benefited taxpayers, what motivated bailout legislation, and how successful the bailout was in saving jobs.

For fifty years, economists have been developing elegant theories of how markets facilitate innovation, create wealth, and allocate society's resources efficiently. But what about when they fail, when they lead us to stock market bubbles, glaring inequality, polluted rivers, and credit crunches? In How Markets Fail, John Cassidy describes the rising influence of "utopian economics"-the thinking that is blind to how real people act and that denies the many ways an unregulated free market can bring on disaster. Combining on-the-ground reporting and clear explanations of economic theories, Cassidy warns that in today's economic crisis, following old orthodoxies isn't just misguided-it's downright dangerous.

A selection of more than fifty pieces of journalism on recent financial crises. Articles by Michael Lewis, Lester Thurow, Paul Krugman, and other journalists focus on the crash of 1987, the Russian default, the Asian currency crisis of 1999, the Internet bubble, and the subprime mortgage crisis.

The stock market collapses causing a disastrous chain of events that destroy America as we know it and only some people can survive; two soldiers struggle to make it home, three orphans try to make it on their own, ruthless gang leader amasses a army, and a provisional government attempts to take over America.

Collects fifteen critical essays that offer varying perspectives on issues that relate to America's subprime mortgage crisis of the twenty-first century, and discusses the effects of the housing crisis on neighborhoods, the responsibilities of Wall Street and the Federal Reserve, racial discrimination, and more.

Risks in banking can impose significant costs on the economy. However many claim that a safer banking system would require sacrificing lending and economic growth. Who is right? This book argues that a safer and healthier banking system, without sacrificing any of the benefits, and at no cost to society, is possible.

Claims that the real causes behind the collapse of housing values and the stock market are those bureaucrats who work in the Federal Reserve System.

Argues that the economic woes of the world are forcing a critical rebalancing of the world economies.

Examines how the worst economic crisis in postwar American history happened, what the government did to fight it, and what happens now.

An assessment of fiscal blunders in foreign lands, which details how these global economic repercussions were felt on American soil. Financial bubbles grew and burst, not only in the U.S. but in countries all over the world. 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. Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a pi?ata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German; the Irish wanted to stop being Irish. And the United States simply wanted more of everything it already had.