The Origin of Financial Crises: Central Banks, Credit Bubbles and the Efficient Market Fallacy (Paperback)

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Description


In a series of disarmingly simple arguments financial market analyst George Cooper challenges the core principles of today's economic orthodoxy and explains how we have created an economy that is inherently unstable and crisis prone. With great skill, he examines the very foundations of today's economic philosophy and adds a compelling analysis of the forces behind economic crisis. His goal is nothing less than preventing the seemingly endless procession of damaging boom-bust cycles, unsustainable economic bubbles, crippling credit crunches, and debilitating inflation. His direct, conscientious, and honest approach will captivate any reader and is an invaluable aid in understanding today's economy.

About the Author


Dr George Cooper has worked for Goldman Sachs, Deutsche Bank, J.P. Morgan and BlueCrest Capital Management in both fund management and investment strategy roles. George's first book, The Origin of Financial Crises, received critical acclaim for its clear explanation of the monetary policy errors leading up to the global financial crisis. Prior to joining the City, George worked as a research scientist at Durham University. He lives in London with his wife and two children.

Praise For…


“A must-read on the origins of the crisis.”
The Economist

“A well written book. . . . Cooper's most novel doctrine is that investors do not have to be irrational to generate bubbles. . . . Mr. Cooper traces present difficulties to the rapid growth of credit encouraged by the Fed's ultra-cheap money policy of a few years ago.”
Financial Times

Product Details
ISBN: 9780307473455
ISBN-10: 0307473457
Publisher: Vintage Books USA
Publication Date: October 29th, 2008
Pages: 194
Language: English