Alchemists of Loss: How modern finance and government intervention crashed the financial system
By Kevin Dowd and Martin Hutchinson
3/5
()
Currently unavailable
Currently unavailable
About this ebook
An engaging look at how modern finance almost destroyed our global economy
Over the last thirty years, capital markets have been restructured through the tenets of modern finance. This has been enormously profitable for the financial services sector. However, these innovations, coupled with unsound risk and regulatory practices have proved disastrous for the global economy.
In a clear and accessible style, ex-investment banker and financial journalist Martin Hutchinson, and highly respected academic, Kevin Dowd show how modern finance combined with easy money threatened to bring down the world financial system. At the heart of the book is modern finance as a U.S. invention, the theories and practices associated with them, and the changes they made in business models and risk management on Wall Street and other major financial centers.
- Breaks down the events involved in the 2007-08 financial collapse
- Reveals how botched policy response made a bad situation worse
- Focuses on lessons that the practice of finance must learn from recent events
The Alchemists of Loss will help you to understand how our financial system crashed and show you what it will take to make sure this won't happen again as we move forward.
Kevin Dowd
Kevin Dowd is Professor of Finance and Economics at Durham University. A lifelong classical liberal, his main interests are in private money and free banking, but he is also interested in general political economy, monetary and financial economics, regulation, risk management and pensions. His books include Private Money: The Path to Monetary Stability (IEA, 1998); The State and the Monetary System (Philip Allan, 1989); Laissez-Faire Banking (Routledge, 1992); Competition and Finance: A New Interpretation of Financial and Monetary Economics (Macmillan, 1996); and, with Martin Hutchinson, Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System (Wiley, 2010). He edited the first edition of The Experience of Free Banking (Routledge, 1992) and, with R. H. Timberlake Jr, Money and the Nation State: The Financial Revolution, Government and the World Monetary System (Transaction Publishers, 1998). He has published widely in academic journals and is an adjunct scholar of the Cato Institute, a senior fellow with the Cobden Centre and a member of the Academic Advisory Council of the Institute of Economic Affairs. He lives in Sheffield, England, with his family.
Read more from Kevin Dowd
Financial Stability Without Central Banks Rating: 4 out of 5 stars4/5New Private Monies: A Bit-Part Player? Rating: 5 out of 5 stars5/5Alchemists of Loss: How modern finance and government intervention crashed the financial system Rating: 3 out of 5 stars3/5
Related to Alchemists of Loss
Related ebooks
Globalisation Fractures: How major nations' interests are now in conflict Rating: 0 out of 5 stars0 ratingsTop Ten Investments to Beat the Crunch!: Invest Your Way to Success even in a Downturn Rating: 0 out of 5 stars0 ratingsThe Coffeehouse Investor's Ground Rules: Save, Invest, and Plan for a Life of Wealth and Happiness Rating: 0 out of 5 stars0 ratingsThe Age of Instability: The Global Financial Crisis and What Comes Next Rating: 3 out of 5 stars3/5The Big Flatline: Oil and the No-Growth Economy Rating: 0 out of 5 stars0 ratingsThe End of the Everything Bubble: Why $75 trillion of investor wealth is in mortal jeopardy Rating: 4 out of 5 stars4/5The Production of Money: How to Break the Power of Bankers Rating: 3 out of 5 stars3/5Financial Origami: How the Wall Street Model Broke Rating: 0 out of 5 stars0 ratingsThe Dollar Crisis: Causes, Consequences, Cures Rating: 4 out of 5 stars4/5The Little Book of Commodity Investing Rating: 0 out of 5 stars0 ratingsDark Matter Credit: The Development of Peer-to-Peer Lending and Banking in France Rating: 5 out of 5 stars5/5The Almighty Dollar: Follow the Incredible Journey of Single Dollar to See How the Global Economy Really Works Rating: 0 out of 5 stars0 ratingsAusterity Business: 39 Tips for Doing More With Less Rating: 0 out of 5 stars0 ratingsOut of Pocket: How Collective Amnesia lost the world its wealth, again Rating: 0 out of 5 stars0 ratingsFinancial Reckoning Day: Memes, Manias, Booms & Busts ... Investing In the 21st Century Rating: 0 out of 5 stars0 ratingsThe Fix: How Bankers Lied, Cheated and Colluded to Rig the World's Most Important Number Rating: 3 out of 5 stars3/5Bonds Are Not Forever: The Crisis Facing Fixed Income Investors Rating: 0 out of 5 stars0 ratingsA Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics) Rating: 0 out of 5 stars0 ratingsSurviving the Debt Storm: Getting capitalism back on track Rating: 0 out of 5 stars0 ratingsCrisis of Character: Building Corporate Reputation in the Age of Skepticism Rating: 0 out of 5 stars0 ratingsThe Dictatorship of Woke Capital: How Political Correctness Captured Big Business Rating: 4 out of 5 stars4/5The Little Book of the Shrinking Dollar: What You Can Do to Protect Your Money Now Rating: 3 out of 5 stars3/5Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy Rating: 4 out of 5 stars4/5Turning Point Rating: 0 out of 5 stars0 ratingsCrisis Control For 2000 and Beyond: Boom or Bust?: Seven Key Principles to Surviving the Coming Economic Upheaval Rating: 0 out of 5 stars0 ratingsSummary: I.O.U.: Review and Analysis of John Lanchester's Book Rating: 0 out of 5 stars0 ratingsPaper Money Collapse: The Folly of Elastic Money Rating: 4 out of 5 stars4/5Capital Wars: The Rise of Global Liquidity Rating: 0 out of 5 stars0 ratings
Finance & Money Management For You
The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5The Psychology of Money: Timeless lessons on wealth, greed, and happiness Rating: 5 out of 5 stars5/5The Total Money Makeover by Dave Ramsey: Summary and Analysis Rating: 4 out of 5 stars4/5Retire Before Mom and Dad: The Simple Numbers Behind A Lifetime of Financial Freedom Rating: 4 out of 5 stars4/5Strategy Skills: Techniques to Sharpen the Mind of the Strategist Rating: 4 out of 5 stars4/5Financial Words You Should Know: Over 1,000 Essential Investment, Accounting, Real Estate, and Tax Words Rating: 4 out of 5 stars4/5The 7 Habits of Highly Effective People: 15th Anniversary Infographics Edition Rating: 5 out of 5 stars5/5The Richest Man in Babylon Rating: 4 out of 5 stars4/5The Freedom Shortcut: How Anyone Can Generate True Passive Income Online, Escape the 9-5, and Live Anywhere Rating: 5 out of 5 stars5/5How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition Rating: 5 out of 5 stars5/5The Great Awakening: Defeating the Globalists and Launching the Next Great Renaissance Rating: 4 out of 5 stars4/5Good to Great: Why Some Companies Make the Leap...And Others Don't Rating: 4 out of 5 stars4/5The Great Reset: And the War for the World Rating: 4 out of 5 stars4/5All Your Worth: The Ultimate Lifetime Money Plan Rating: 5 out of 5 stars5/5Quiet Leadership: Six Steps to Transforming Performance at Work Rating: 4 out of 5 stars4/5Principles: Life and Work Rating: 4 out of 5 stars4/5Just Keep Buying: Proven ways to save money and build your wealth Rating: 5 out of 5 stars5/5The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors Rating: 4 out of 5 stars4/5ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years Rating: 5 out of 5 stars5/5Capitalism and Freedom Rating: 4 out of 5 stars4/5The Tax and Legal Playbook: Game-Changing Solutions To Your Small Business Questions Rating: 3 out of 5 stars3/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market P Rating: 4 out of 5 stars4/5
Reviews for Alchemists of Loss
1 rating0 reviews