Can I read A Failure of Capitalism : The Crisis of ’08 and the Descent Into Depression on EtoBox?

A Failure of Capitalism : The Crisis of ’08 and the Descent Into Depression by Richard A. Posner is a book available to read on EtoBox.

What is A Failure of Capitalism : The Crisis of ’08 and the Descent Into Depression about?

The financial and economic crisis that began in 2008 is the most alarming of our lifetime because of the warp-speed at which it is occurring. How could it have happened, especially after all that weve learned from the Great Depression? Why wasnt it anticipated so that remedial steps could be taken to avoid or mitigate it? What can be done to reverse a slide into a full-blown depression? Why have the responses to date of the government and the economics profession been so lackluster? Richard Posner presents a concise and non-technical examination of this mother of all financial disasters and of the, as yet, stumbling efforts to cope with it. No previous acquaintance on the part of the reader with macroeconomics or the theory of finance is presupposed. This is a book for intelligent generalists that will interest specialists as well. Among the facts and causes Posner identifies are: excess savings flowing in from Asia and the reckless lowering of interest rates by the Federal Reserve Board; the relation between executive compensation, short-term profit goals, and risky lending; the housing bubble fuelled by low interest rates, aggressive mortgage marketing, and loose regulations; the

Author

Richard A. Posner

Publisher

Harvard University, Department of Sanskrit & Indian Studies

Published

2011

Language

EN

ISBN

9780674051294

Subjects

Economics, Business, History

Rating

3.69 / 5 (289 ratings)

Updated

2026-03-13