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The essays in this volume explain the key structural features of financial inflation that give rise to financial crisis. These features include excessive reliance on finance to maintain economic activity through rising asset prices. Reliance on asset inflation induces a preoccupation with property values and a new social divide between the asset-rich and the asset-poor that undermines the culture of the welfare state. When debt can no longer be supported by cash flow from asset markets, excess debt plunges economies into economic depression.
About the Author:
Jan Toporowski is Reader in Economics and Chair of the Economics Department at the School of Oriental and African Studies, University of London. He studied Economics at Birkbeck College, University of London and at the University of Birmingham. Jan Toporowski has worked in fund management, international banking and central banking.
Title: Why the World Economy Needs a Financial ...
Publisher: Anthem Press
Publication Date: 2010
Binding: Soft cover
Condition: good
Seller: Orbiting Books, Hereford, United Kingdom
paperback. Condition: Good. Bumped edges. Marks to the edges of the pages. Next day dispatch from the UK (Mon-Fri). Please contact us with any queries. Seller Inventory # mon0000636752
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Paperback. Condition: Very Good. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. Seller Inventory # GOR009509631
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Seller: Books From California, Simi Valley, CA, U.S.A.
Paperback. Condition: Very Good. Seller Inventory # mon0003154175
Seller: Revaluation Books, Exeter, United Kingdom
Paperback. Condition: Brand New. 143 pages. 8.25x5.50x0.50 inches. In Stock. This item is printed on demand. Seller Inventory # __0857289802
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Seller: GreatBookPricesUK, Woodford Green, United Kingdom
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Seller: Rarewaves.com UK, London, United Kingdom
Paperback. Condition: New. The essays in this volume explain the key structural features of financial inflation that give rise to financial crisis. These features include excessive reliance on finance to maintain economic activity through rising asset prices. Reliance on asset inflation induces a preoccupation with property values and a new social divide between the asset-rich and the asset-poor that undermines the culture of the welfare state. When debt can no longer be supported by cash flow from asset markets, excess debt plunges economies into economic depression. Seller Inventory # LU-9780857289803
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Seller: GreatBookPrices, Columbia, MD, U.S.A.
Condition: As New. Unread book in perfect condition. Seller Inventory # 11639512
Seller: GreatBookPrices, Columbia, MD, U.S.A.
Condition: New. Seller Inventory # 11639512-n
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # CX-9780857289803
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