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- Product code: 371496
- ISBN: 0071628444,
ISBN13: 9780071628440,
240 pages, hardback
Published by McGraw-Hill Professional, 1st edition, 2009
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Description of The Cost of Capitalism
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CNBC regular Robert J. Barbera offers a crystal clear explanation of the financial market crisis of 2008. . While mainstream financial analysts are stringing together "ad hoc" explanations for the financial crisis. of 2008, a relatively small group of economists saw this coming. In "The Cost of Capitalism," Robert J.. Barbera explains why.. . Barbera makes the case that investors and policy-makers can reduce the risk of truly gruesome outcomes if they better plan. for the violent economic storms, which history confirms are always over the horizon.. . Investors will learn how to gird themselves for the roller-coaster ride that is free market capitalism;. policy makers will find out how to plan for crises they know will occur at some point; and academic. economists will rethink their pursuit of ever more elaborate mathematical models that bear no. resemblance to the real world.. The message is simple: Stop pretending that people are always rational and that markets are always. efficientand be prepared for market mayhem..
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Contents of The Cost of Capitalism |
Intro
Section I
1. The Market is the Message
2. How Much Risk Is Too Much Risk?
3. Hyman Minsky, A Lefty Who Had It Right
Section II: Asset Market Upheaval: The Cycle Driver for the Past 20 Years
4. Not Iraq and Tanks, Debt and Banks, the 1990 Recession
5: Tulips in Tokyo: The Asset Inflation/Deflation That Consigned Japan to a Lost Decade
6: The Asian Contagion: What Went Up Went Down, With a Vengeance!
7: The 2000 Recession, From Brave New World Boom to Wild Technology Share Price Bust
8: The Spectacular Slide For House Prices, Consumer Purchasing Power, the 2008 Recession
Section III: Concluding Observations
9: Mainstream Economics: A Slavish Devotion To Rational Market Theories
10: The Politics of Economics: Confusing Free Market Triumph with free market infallibility
11: The Punch Line: Embrace Capitalism but don?t forget the seat belts and the air bags
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About Robert J. Barbera |
Robert J. Barbera, Ph.D., is executive vice president and chief economist at ITG and an Economics Department Fellow at Johns Hopkins University. He has been a noted Wall Street economist for over 25 years. Before arriving on Wall Street, Barbera was a staff economist for Senator Paul Tsongas and an economist for the Congressional Budget Offi ce.
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