About this title: "The Origin of Financial Crises" provides a compelling analysis of the forces behind today's economic crisis. In a series of disarmingly simple arguments George Cooper challenges the core principles of today's economic orthodoxy, explaining why financial markets do not obey the efficient market principles described in today's economic textbooks but are instead inherently unstable and habitually crisis prone. The author describes the evolution of our modern monetary system, explaining along the way how financial instability emerged and why this instability required the development of central ...
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Binding: Softcover
Publisher: Vintage Books USA
Date published: 2008
ISBN-13:9780307473455ISBN:0307473457
Description: New. Orders placed after Dec. 7 cannot be guaranteed delivery before Christmas. GREAT BUY. Brand New From US Distributor. WE ARE A 5 STAR SELLER with OVER 3, 500, 000 BOOKS SOLD. read more
Binding: Softcover
Publisher: Vintage Books
Date published: 2008-10-29
ISBN-13:9780307473455ISBN:0307473457
Description: NEW. Softcover. From an inventory that is 100% brand-new, 100% direct from the publishers' distribution channel. We carry NO pre-owned, NO remaindered. We pack in CARDBOARD to ensure the pristine quality is maintained. (Bubble-wrap alone is NOT sufficient to protect from USPS equipment. ) Guaranteed brand-NEW, protected with CARDBOARD, your satisfaction is guaranteed. BKLUVID: 9780307473455. read more
Binding: Hardback
Publisher: HARRIMAN HOUSE PUBLISHING Country = UNITED KINGDOM
Date published: 2008
ISBN-13:9781905641857ISBN:1905641850
Description: BRAND NEW HARDBACK. 208 pages. Offers an analysis of the forces behind the economic crisis. in a series of disarmingly simple arguments, this work challenges the core principles of the economic orthodoxy, explaining why financial markets do not obey the efficient market principles described in economic textbooks but are instead inherently unstable and habitually crisis prone. (Hardback) read more
Binding: Paperback
Publisher: ALFRED A KNOPF
Date published: 2008
ISBN-13:9780307473455ISBN:0307473457
Description: New. 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... read more
Binding: PAPERBACK
Publisher: Vintage
Date published: 2008
ISBN-13:9780307473455ISBN:0307473457
Description: New. 0307473457 Excellent customer service with hassle free return Policy. Ship from different location depending on your zip code and availability. Satisfaction Guaranteed! ! read more
Edition: 1st edition
Binding: Hardback
Publisher: Harriman House
Date published: 2008
ISBN-13:9781905641857ISBN:1905641850
Description: New. Offers an analysis of the forces behind the economic crisis. In a series of disarmingly simple arguments, this work challenges the core principles of the economic orthodoxy, explaining why financial markets do not obey the efficient market principles... read more
Description: New. DISPATCHED FROM UNITED KINGDOM. NO EXPEDITED SHIPPING! Please note orders are confirmed immediately and may take 2-3 business days to ship. This processing time is in addition to the shipping time. Please allow 10-14 days for delivery. Brand new item. Order now. Selling online since 1995. Order with confidence. Code: G20091220051356D. read more
Edition: 1st edition
Binding: Hardback
Publisher: Harriman House
Date published: 2008
ISBN-13:9781905641857ISBN:1905641850
Description: New. Offers an analysis of the forces behind the economic crisis. In a series of disarmingly simple arguments, this work challenges the core principles of the economic orthodoxy, explaining why financial markets do not obey the efficient market principles... read more
"Cooper does an excellent job of illustrating the weaknesses inherent in our system, but his concluding thoughts seem a bit rushed. The policy implications section of his conclusion are superficial and need more detail."
"Although some of this was above me it was worth reading just for chapter 3 which is a finacial history of the world. The historical development of the banking system was particularly fun. The central thesis is that markets left to themselves are unstable and always lead to periods of boom followed by those of economic decline. He makes a good case that the federal reserve is needed in this process but has of late messed up big time. Mostly becuase they have like everyone else bought into the efficent market fallacy."
"This book has certain inadequacies, but does a reasonably good job of explaining why the Efficient Market hypothesis, which makes sense for discussing the regulation of goods, does not make sense when talking about the regulation of assets (because they are credit-related).
The explains the economic dynamics behind credit expansion and discusses why asset markets are thus not stable, efficient systems that seek a single equilibrium state.
This is a good read for anyone who's been exposed to the standard law and econ arguments promulgated by the Chicago School, because those standard arguments are not good at explaining economic reality today, and are more or less just useful for people who want to avoid regulation because it is good for their individual interests."
"A very lucid and clear argument against some of the core tenets of the Efficient Market Hypothesis. Cooper does an excellent job articulating both where he thinks the theory goes wrong and what this means in practice with respect to monetary policy (and how he thinks the Hypothesis, joined with politics, has often led to bad policy); whether or not you're convinced, it's very helpful to understand why he sees things as he does.
If you're interested in the Crisis, its causes, and the where-do-we-go-from-here thing, Cooper's book is a valuable read."
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