In September 2008 the Lehman Brothers bankruptcy ignited panic throughout the financial system, sparking a chain reaction that led to the worst global economic crisis since the Great Depression. Amid the carnage of bankruptcies, soaring unemployment, and millions of families losing their homes, lay the bloody corpse of a set of ideas that had underpinned the economics of the previous 30 years. Capitalism based on markets, especially financial markets, was believed to be delivering unprecedented prosperity, creating a general increase in wealth, including among the poorest people on the planet. But that system is dead. So what to do now? Scrap the system? In this revised UK edition of The Road from Ruin, Matthew Bishop and Michael Green have examined each financial crisis since the Great Depression, including the 1970s oil shock; Black Monday, the 1987 stock market crash; Japan's great deflation; the Asian financial crisis; and the collapse of long term capital management. They draw out the right and wrong lessons learned and explain how they can be used as the basis for meaningful reform that will enable capitalism to keep its ability to create wealth but on a more even and responsible keel.
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Recensione:
Well-written, challenging, uplifting - Bishop and Green bring incisive insight and timely analysis to some of our biggest economic and social topics. The Road From Ruin is an intelligent and stimulating contribution to a vitally important conversation. --Jim Collins, author of Good to Great
The Road From Ruin will be remembered as a serious, highly readable book of the broadest intellectual scope. Its insights will help all of us reshape the future and enable both citizen and policy maker alike to separate real reform from the grandstanding bluster so prevalent today. --Robert Shiller, Professor of Economics at Yale University and author of Irrational Exuberance
The Road From Ruin is a masterpiece. Matthew Bishop and Michael Green combine truly luminous writing with simple, clear, unprejudiced scholarship and a keen journalistic awareness of how to extract lessons from the financial crisis to begin forming an agenda for a badly needed reform of capitalism. --Robert Monks, shareholder activist
L'autore:
Matthew Bishop is the U.S. business editor and chief business writer of The Economist. He was on the faculty of London Business School. Educated at Oxford University, he served as a member of the Sykes Commission on the investment system in the 21st Century. Michael Green was educated at Oxford University and writes about business and economics for The Economist. They are the authors of Philanthrocapitalism: How The Rich Can Save The World (A & C Black, 2008).
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- EditoreA & C Black Publishers Ltd
- Data di pubblicazione2011
- ISBN 10 1408137259
- ISBN 13 9781408137253
- RilegaturaCopertina flessibile
- Numero di pagine336
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Valutazione libreria