Why the world economy needs a financial crash and other critical essays on finance and financial economics /
[Book]
Jan Toporowski
xiii, 143 pages ;
22 cm
Anthem studies in development and globalization
Includes bibliographical references (pages 131-135) and index
Why the world economy needs a financial crash -- The economics of financial inflation -- Money in globalised times -- Neo-liberalism and international finance -- Financial innovation: better machines for financial inflation? -- The inflation of goodwill -- Leverage and balance sheet inflation -- Inflation in financial markets -- Asset inflation and deflation -- The culture of financial inflation -- Twentieth-century finance theory : the frauds of economic innocence (in memoriam J. K. Galbraith) -- Fischer Black's "revolution" -- Economic inequality and asset inflation -- The wisdom of property and the culture of the middle classes -- Financial crisis -- Everything you need to know about the financial crisis but couldn't find out because the experts were explaining it -- The limitations of financial stabilisation by central banks -- International business and the crisis -- Developing countries in the crisis transmission mechanism