When Free Markets Fail:Saving the Market When it Can´t Save Itself Scott McCleskey
How Markets Fail:The Logic of Economic Calamities Cassidy John, John Cassidy
Authoritative guidance for navigating inevitable financial market regulation. The reform of this country´s financial regulation will be one of the most significant legislative programs in a generation. When Free Markets Fail: Saving the Market When It Cant Save Itself outlines everything you need to know to stay abreast of these changes. Written by Scott McCleskey, a Managing Editor at Complinet, the leading provider of risk and compliance solutions for the global financial services industry. Looks at the intended result of these regulations so that institutions and individuals will have a greater understanding of the new regulatory environment. realistic look at how these regulations will affect anyone who has a bank account, a car loan, a mortgage or a credit card. Covers the reforms that have been enacted and looks forward to future reforms. Both theoretical and practical in approach, When Free Markets Fail provides a strong overview of coming regulation laws with insightful analysis into various aspects not easily understood. 1. Language: English. Narrator: Mike Chamberlain. Audio sample: http://samples.audible.de/bk/acx0/001993/bk_acx0_001993_sample.mp3. Digital audiobook in aax.
Behind the alarming headlines about job losses, bank bailouts, and corporate greed, there is a little-known story of bad ideas. For 50 years or more, economists have been busy developing elegant theories of how markets work - how they facilitate innovation, wealth creation, and an efficient allocation of society´s resources. But what about when markets don´t work? What about when they lead to stock-market bubbles, glaring inequality, polluted rivers, real-estate crashes, and credit crunches? In How Markets Fail, John Cassidy describes the rising influence of what he calls utopian economics, thinking that is blind to how real people act and which denies the many ways an unregulated free market can produce disastrous unintended consequences. He then looks to the leading edge of economic theory - including behavioral economics - to offer a new understanding of the economy, one that casts aside the old assumption that people and firms make decisions purely on the basis of rational self-interest. Taking the global financial crisis and current recession as his starting point, Cassidy explores a world in which everybody is connected and social contagion is the norm. In such an environment, he shows, individual behavioral biases and kinks - such as overconfidence, envy, copy-cat behavior, and myopia - often give rise to troubling macroeconomic phenomena, such as oil-price spikes, CEO greed cycles, and boom-and-bust waves in housing. These are the inevitable outcomes of what Cassidy refers to as ´´rational irrationality´´ - self-serving behavior in a modern market setting. Combining on-the-ground reporting, clear explanations of esoteric economic theories, and even a little crystal-ball gazing, Cassidy warns that in today´s economic crisis, conforming to antiquated orthodoxies isn´t just misguided - it´s downright dangerous. How Markets Fail offers a new, enlightening way to understand the force of the irrational in our volatile global econ... 1. Language: English. Narrator: Ralph Cosham. Audio sample: http://samples.audible.de/bk/blak/003536/bk_blak_003536_sample.mp3. Digital audiobook in aax.
Markets Don´t Fail!:Lexington Books Emily Chamlee-Wright, Brian P. Simpson
A new approach to investing based on how Wall Street insiders approach the market The Indomitable Investor deconstructs the stock market as the public has come to know it and reconstitutes it from the inside out from the perspective of the fortunate few who dominate Wall Street. By revealing how top investors and traders think and act Steven Sears shows the stock market to be an undulating ocean of money, with seasoned investors reading the waves others cannot. Teaching listeners to think about the market in radically different ways, The Indomitable Investor shows how to improve returns - and, just as importantly, avoid losses - with disciplines deployed by people who almost always do exactly the opposite of what Wall Street says to do. Laying bare great fallacies, the book explains that non-professional investors wrongly think the stock market is a place to make money, which is what Wall Street wants them to try to do. The Indomitable Investor says otherwise and shows how Wall Street´s best investors have a completely different focus. Explains the critical ideas and insights of top traders and investors in language anyone can understand and implement Packed with material rarely shared off Wall Street that is used every day by professional investors Introduces the 17 most important words on Wall Street Teaches critical skills, including: How to increase returns by focusing on risk, not potential profits; how to use the stock market´s historical patterns to optimize investment decisions; understanding key relationships between stocks and the economy that predict what will happen to stocks and the broader market; how to increase mutual fund returns with an easy adjustment that redirects the bulk of profits to you - not mutual fund companies, and how to analyze information like seasoned investors to move beyond ´´statement of the obvious´´ news reports that turn ordinary in 1. Language: English. Narrator: Jeremy Gage. Audio sample: http://samples.audible.de/bk/adbl/004873/bk_adbl_004873_sample.mp3. Digital audiobook in aax.
A masterful introduction to the key ideas behind the successes - and failures - of free-market economics Since 1946, Henry Hazlitt´s best-selling Economics in One Lesson has popularized the belief that economics can be boiled down to one simple lesson: market prices represent the true cost of everything. But one-lesson economics tells only half the story. It can explain why markets often work so well, but it can´t explain why they often fail so badly - or what we should do when they stumble. As Nobel Prize-winning economist Paul Samuelson quipped, ´´When someone preaches ´economics in one lesson´, I advise: go back for the second lesson.´´ In Economics in Two Lessons, John Quiggin teaches both lessons, offering a masterful introduction to the key ideas behind the successes - and failures - of free markets. Economics in Two Lessons explains why market prices often fail to reflect the full cost of our choices to society as a whole. For example, every time we drive a car, fly in a plane, or flick a light switch, we contribute to global warming. But, in the absence of a price on carbon emissions, the costs of our actions are borne by everyone else. In such cases, government action is needed to achieve better outcomes. Two-lesson economics means giving up the dogmatism of laissez-faire as well as the reflexive assumption that any economic problem can be solved by government action, since the right answer often involves a mixture of market forces and government policy. But the payoff is huge: understanding how markets actually work - and what to do when they don´t. Brilliantly accessible, Economics in Two Lessons unlocks the essential issues at the heart of any economic question. 1. Language: English. Narrator: Gildart Jackson. Audio sample: http://samples.audible.de/bk/blak/013284/bk_blak_013284_sample.mp3. Digital audiobook in aax.