Cooper, George.

The origin of financial crises : central banks, credit bubbles and the efficient market fallacy / by George Cooper. - Petersfield, Great Britain : Harriman House, 2008. - viii, 200 p. : ill ; 22 cm.

Includes bibliographical references and index.

Introduction -- Efficient markets and central banks? -- Money, banks and central banks -- Stable and unstable markets -- Deceiving the diligent -- On (central bank) governors -- Minsky meets Mandelbrot -- Beyond the efficient market fallacy -- Concluding remarks.

The Origin of Financial Crises provides a compelling analysis of the forces behind today's economic crisis. In a series of disarmingly simple arguments George Cooper challenges the core principles of today's economic orthodoxy, explaining why financial markets do not obey the efficient market principles described in today's economic textbooks but are instead inherently unstable and habitually crisis prone.

9781905641857


Financial crises.
Efficient market theory.
Banks and banking, Central.
Monetary policy.

338.5 CO OR