After the Crash: Designing a Depression–free Economy
Mason Gaffney
ISBN: 9781444333077
Vydavatelství: Wiley
Rok vydání: 2010
Vazba: Paperback
Počet stran: 200
Dostupnost: Skladem
Původní cena: 1 375 Kč
Výstavní cena:
1 031 Kč(t.j. po slevě 25%)
(Cena je uvedena včetně 10% DPH)
Katalogová cena: 31.95 GBP
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Termín dodání na naši pobočku v Brně je přibližně 3-4 týdny.
This book analyzes in a new way the causes of the current crash by showing how such events derive from real estate bubbles and their interactions with banks and other lenders. It explains the current crisis, but in the process, the author develops a general theory of capital (drawing on Wicksell) showing how excessive investing in durable capital of slow payback can destabilize and then freeze up a modern economy, which requires constant circulation and renewal of capital to function. Combining that analysis with observed cycles of land speculation, Gaffney shows how a “perfect storm” formed and now has overwhelmed the economy.