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Director's Chair: Yanis Varoufakis - The Global Minotaur and The True Origins of the Financial CrisisIn this four-part INET “From the Director’s Chair” interview, INET Executive Director Robert Johnson talks with Greek economist Yanis Varoufakis about Varoufakis’s new book The Global Minotaur: America, The True Origins of the Financial Crisis and the Future of the World Economy .
debating the future of capitalism - perspectives...
London, United Kingdom - "The battle for France has just started", declared a triumphant Marine Le Pen after her impressive score in the first round of the French presidential election.
on the subject of ideology....
image: Conspiracy , Edward Biberman (cover illustration, Quiet Politics ) Pepper Culpepper's Quiet Politics and Business Power: Corporate Control in Europe and Japan sheds some very interesting light on one key question in contemporary western democracies: how do corporations and business organizations so often succeed in creating a legislative and regulatory environment that largely serves their interests? And, for that matter, why do they sometimes fail spectacularly in doing so, even while spending oceans of money in the effort to influence public policy?
How was it possible for problems in one relatively small sector in the global financial system - the American sub-prime mortgage market - to lead to the most serious economic crisis in living memory? In this 2009 book, Alistair Milne untangles the complex world of modern banking and examines solutions to the crisis.
Book Review If you only read one book about the financial crisis, read “The Fall of the House of Credit” by Alistair Milne, a professor of financial economics at Loughborough University in Leicestershire, UK, north of London. This book, which I have just discovered, will not satisfy your blood lust to make the bankers pay, but it is the best explanation I’ve seen of what happened to the credit markets in 2007-2008.
The 2007/8 financial crisis
The Panic of 2007 Gary B.
That's the new Gary Gorton book and the subtitle is The Panic of 2007 . It brings together Gorton's writings on the crisis in one convenient place but it serves up a fascinating afterword in which he asks how people will view this crisis one hundred years from now. We've already covered Gorton's writings here .
International Political Economy / IR - reading...
by cactus A Brief Review of Econned
What went wrong with finance?
Impossible to praise this book too highly. For the millions of working tax payers stuck with levels of debt, public and private, it seems impossible to understand how so many of the smartest brains in the western world could have come together to produce a financial crash the like of which the world has never seen. There are now several published accounts, written at both the personal and the technical level, of the ingenuity and greed with which bankers both in Wall Street and in London devised ever more complicated debt instruments from which enormous levels of apparent profit could be taken.
Andrew Haldane and Richard Davies of the Bank of England have released a very useful new paper on short-termism in the investment arena. They contend that this problem real and getting worse. This may at first blush seem to be mere official confirmation of most people’s gut instinct.
In the final lines of his introduction to Debt: The First 5,000 Years , David Graeber writes that “[f]or a very long time, the intellectual consensus has been that we can no longer ask Great Questions.” And as he put it in a guest post over at Savage Minds : The aim of the book was to write the sort of book people don’t write any more: a big book , asking big questions, meant to be read widely and spark public debate…[T]he credit crisis —and near collapse of the global economy in 2008—afforded the perfect opportunity.
Manias & Panics - READING / Resources
In-depth analysis on Credit Writedowns Pro , now with big discounts for regular readers. Contact us for info. You are here: Home » Economy » The Bifurcated Society
26 December 2011 Last updated at 01:47 GMT The Berlin Wall did not mark the end of grave clashes as many thought it would
By Tom Fox, published online in Jan 2012 Of all the events of 2011, the least predictable may well be the adoption of the economics editor of Newsnight as an avuncular figure for the left’s new generation. But Paul Mason’s gift for being in the right place at the right time, and reporting from there with enthusiasm, vitality and sympathy has made him stand out from the crowd, not only amongst mainstream journalists but also intellectuals, who tend to have neither his wit or reach.