Cassidy, John,  1963- <br/><br/>
How markets fail :  the logic of economic calamities / 
John Cassidy. 
 - New York :  Farrar, Straus and Giroux,  c2009. 
 - viii, 390 p. :  ill. ;  24 cm. 
<br/><br/>Includes bibliographical references (p. [347]-370) and index. 
<br/><br/>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. 
<br/><br/><label>ISBN: </label>9780374173203 (hbk.) 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Financial crises.<br/>Stock exchanges.<br/>Monetary policy.<br/>Banks and banking.
<br/><br/><label>Dewey Class. No.: </label>381  / CAS 2009