| Document Type
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BL
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| Record Number
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699674
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| Doc. No
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b521863
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| Main Entry
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Pollock, Alex J.
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| Title & Author
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Boom bust : : financial cycles and human prosperity /\ Alex J. Pollock.
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| Publication Statement
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Washington, D.C. :: AEI Press ;Blue Ridge Summit, PA :: Distributed by arrangement with the National Book Network,, c2011.
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| Series Statement
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The common sense concepts series
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| Page. NO
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xv, 93 p. :: ill. ;; 17 cm.
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| ISBN
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0844743836 (pbk.)
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: 0844743844 (ebook)
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: 9780844743837 (pbk.)
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: 9780844743844 (ebook)
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| Bibliographies/Indexes
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Includes bibliographical references.
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| Contents
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Nothing new under the financial sun -- The disturbing experience of watching your friends get rich -- All too human -- Panic -- Bubbles and economics : confounding Isaac Newton -- Did they really believe house prices couldn't go down? -- A $5 trillion government failure -- The yin and yang of two big balance sheets -- The golden age of government regulation? -- Taking risks, taking responsibility -- Can you regulate systemic risk when you are the systemic risk?
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| Abstract
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"I am the head of a small but successful international funds management operation and I also teach a post grad course in Market and Risk Analysis. When I saw this title I was hopeful of learning something or at the very least being able to point my students to the book to explain basic concepts. Unfortunately I couldn't recommend this book to anyone. It has no insight into economics, financial systems or market cycles. It does have a whole lot of unsubstantiated opinion about the benefits of unregulated markets, most of it so simplistic that it's almost embarrassing. You also get a lot of folksy homilies that take the place of thought and analysis. And just to round things out the author promotes his prejudices as fact. Well to be fair, he does quote other people who share his prejudices, but none of them provide any substance to his point of view either."--Paul Zahara
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| Subject
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Business cycles-- United States-- History.
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| Subject
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Finance-- United States-- History.
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| Subject
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Financial crises-- United States-- History.
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| Subject
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United States, Economic policy.
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| LC Classification
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HB3722.P657 2011
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| Parallel Title
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Boom and bust
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