The Origin of Financial Crises: Central Banks, Credit Bubbles and the Efficient Market Fallacy (Paperback)
Central Banks, Credit Bubbles and the Efficient Market Fallacy
Vintage Books USA, 9780307473455, 194pp.
Publication Date: November 1, 2008
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.
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Praise For The Origin of Financial Crises: Central Banks, Credit Bubbles and the Efficient Market Fallacy…
“A must-read on the origins of the crisis.”
“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.”