Why the World Economy Needs a Financial Crash and Other Critical Essays on Finance and Financial Economics (Anthem Finance)

Toporowski, Jan

ISBN 10: 0857289802 / ISBN 13: 9780857289803

Published by Anthem Press, 2010

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Synopsis:

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.

Bibliographic Details

Title: Why the World Economy Needs a Financial ...
Publisher: Anthem Press
Publication Date: 2010
Binding: Soft cover
Condition: good