Description
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. Dr. George Cooper is a principal of Alignment Investors a division of BlueCrest Capital Management Ltd. He was born in Sunderland and studied at Durham University. Dr. Cooper has worked as a fund manager at Goldman Sachs and as strategist for Deutsche Bank and JPMorgan. He lives in London with his wife and two children. Acknowledgements Preface to the Vintage Editon Preface to the Original Edition 1. Introduction 2. Efficient Markets and Central Banks? 3. Money, Banks and Central Banks 4. Stable and Unstable Markets 5. Deceiving the Diligent 6. On (Central Bank) Governors 7. Minsky Meets Mandelbrot 8. Beyond the Efficient Market Fallacy 9. Concluding Remarks Appendix ? ‘On Governors’ by J.C. Maxwell Index
