The greatest crash how contradictory policies are sinking in the global economy
Record details
- ISBN: 9781907230356 (electronic bk.)
- ISBN: 1907230351 (electronic bk.)
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Physical Description:
electronic resource
remote
1 online resource (iii, 168 p.) : ill. - Publisher: Southampton : Sparkling Books, c2011.
Content descriptions
General Note: | Erratum of amended text inserted for page 5. |
Bibliography, etc. Note: | Includes bibliographical references (p. 149-[169]) and index. |
Source of Description Note: | Description based on print version record. |
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Subject: | Global Financial Crisis, 2008-2009 -- Government policy International economic relations International finance -- Law and legislation |
Genre: | Electronic books. |
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"Radical thinkers might have a point" - Financial Times
The Greatest Crash argues that the financial system which evolved from the early Italian bankers has now reached a roadblock. The weight of debt already created prevents further economic expansion, while paying down the debt shrinks economies. To escape this trap, evolution is needed. But bureaucratic design, delegated government, and group think, all combine to prevent evolution.