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ECONned : how unenlightened self interest damaged democracy and corrupted capitalism

Author: Yves Smith
Publisher: New York : Palgrave Macmillan, 2010.
Edition/Format:   Print book : English : 1st edView all editions and formats
Summary:
"In ECONned, Yves Smith draws a direct connection between fundamentally flawed financial theories and a series of crises that culminated in the global meltdown of 2007 and 2008. This devastating critique shows that the pursuit of unenlightened self interest has produced a financial services industry that is a doomsday machine, systematically predatory, and now hugely powerful thanks to its control of vital financial  Read more...
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Genre/Form: History
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Yves Smith
ISBN: 9780230620513 0230620515
OCLC Number: 422758492
Description: 362 pages : illustrations ; 25 cm
Contents: The sorcerer's apprentices --
Blinded by science --
The voodo of financial economics --
Neoclassical economics: the triumph of elegant math over messy facts --
How "free markets" was sold --
The sorcerer's apprentice (needs to be renamed) --
How deregulation led to predation --
It's not the bubbles, it's the leverage --
Looting v. 2.0: the doomsday machines --
Houston, we have a problem.
Responsibility: Yves Smith.

Abstract:

ECONned is the first book to examine the unquestioned role of economists as policy-makers, and how they helped create an unmitigated economic disaster.  Read more...

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'There are a lot of phenomenal economics blogs that I find helpful and consult daily. My single favorite: Naked Capitalism. It provides a smart, daily insider look at how Wall Street works and is Read more...

 
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