Unchecked and Unbalanced : How the Discrepancy Between Knowledge and Power Caused the Financial Crisis and Threatens Democracy
Language: English
Published by Bloomsbury Publishing USA, 2009
Series: Book 5 of 6 - Hoover Studies in Politics, Economics, and Society
- Hardcover
- Used
Seller: Better World Books, Mishawaka, IN, U.S.A.Better World Books
AbeBooks seller since August 3, 2006
Condition: Used - Good
£ 7.15
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- Title
- Unchecked and Unbalanced : How the Discrepancy Between Knowledge and Power Caused the Financial Crisis and Threatens Democracy
- Author
- Kling, Arnold
- Publisher
- Bloomsbury Publishing USA
- Publication year
- 2009
- Condition
- Good
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 144220124X
- ISBN 13
- 9781442201248
- Item weight
- 0.741 pounds
- Dimensions
- N/A
- Series
- Book 5 of 6: Hoover Studies in Politics, Economics, and Society
Kling sees this knowledge/power discrepancy at the heart of the financial crisis of 2008. Financial industry executives and regulatory officials lacked the ability to fathom the complexity of the system that had emerged. And, in response, Treasury Secretary Henry Paulson and Federal Reserve Board Chairman Ben Bernanke, said that they required still more power, including $700 billion to purchase toxic assets from banks.
Kling warns that increased concentration of power is a problem, not a panacea, for our modern world and suggests reforms designed to curb the growth of government and allow citizens greater control over the allocation of public goods.
Published in cooperation with the Hoover Institution
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Better World Books
Mishawaka, IN, U.S.A.
AbeBooks seller since August 3, 2006
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