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How markets fail : the logic of economic calamities / John Cassidy.

By: Cassidy, John, 1963-.
Publisher: New York : Farrar, Straus and Giroux, c2009Description: viii, 390 p. : ill. ; 24 cm.ISBN: 9780374173203 (hbk.).Subject(s): Financial crises | Stock exchanges | Monetary policy | Banks and bankingDDC classification: 381
Contents:
Pt. 1. Utopian economics -- 1. Warnings ignored and the conventional wisdom -- 2. Adam Smith's invisible hand -- 3. Friedrich Hayek's telecommunications system -- 4. The perfect markets of Lausanne -- 5. The mathematics of bliss -- 6. The evangelist -- 7. The coin-tossing view of finance -- 8. The triumph of utopian economics -- Pt. 2. Reality-based economics -- 9. The prof and the polar bears -- 10. A taxonomy of failure -- 11. The prisoner's dilemma and rational irrationality -- 12. Hidden information and the market for lemons -- 13. Keynes's beauty contest -- 14. The rational herd -- 15. Psychology returns to economics -- 16. Hyman Minsky and Ponzi finance -- Pt. 3. The great crunch -- 17. Greenspan shrugs -- 18. The lure of real estate -- 19. The subprime chain -- 20. In the alphabet soup -- 21. A matter of incentives -- 22. London Bridge is falling down -- 23. Socialism in our time.
Item type Current location Shelf location Call number Copy number Status Notes Date due Barcode
Main Collection Taylor's Library-TU

Floor 4, Shelf 12 , Side 1, TierNo 4, BayNo 2

 381 CAS 2009 (Browse shelf) 1 Available TBSxx,34006,03,CL 5000111106

Includes bibliographical references (p. [347]-370) and index.

Pt. 1. Utopian economics -- 1. Warnings ignored and the conventional wisdom -- 2. Adam Smith's invisible hand -- 3. Friedrich Hayek's telecommunications system -- 4. The perfect markets of Lausanne -- 5. The mathematics of bliss -- 6. The evangelist -- 7. The coin-tossing view of finance -- 8. The triumph of utopian economics -- Pt. 2. Reality-based economics -- 9. The prof and the polar bears -- 10. A taxonomy of failure -- 11. The prisoner's dilemma and rational irrationality -- 12. Hidden information and the market for lemons -- 13. Keynes's beauty contest -- 14. The rational herd -- 15. Psychology returns to economics -- 16. Hyman Minsky and Ponzi finance -- Pt. 3. The great crunch -- 17. Greenspan shrugs -- 18. The lure of real estate -- 19. The subprime chain -- 20. In the alphabet soup -- 21. A matter of incentives -- 22. London Bridge is falling down -- 23. Socialism in our time.