The Origin of Financial Crises: Central Banks, Credit Bubbles, and the Efficient Market Fallacy

In a series of disarmingly simple arguments financial market analyst George Cooper challenges the core principles of today`s economic orthodoxy and explains how we have created an economy that is inherently unstable and crisis prone. With great skill, he examines the very foundations of today`s economic philosophy and adds a compelling analysis of the forces behind economic crisis. His goal is nothing less than preventing the seemingly endless procession of damaging boom-bust cycles, unsustainable economic bubbles, crippling credit crunches, and debilitating inflation. His direct, conscientious, and honest approach will captivate any reader and is an invaluable aid in understanding today`s economy.