pt. 1. Past successes and disasters -- pt. 2. The modern financial theory engine -- pt. 3. Interactions with the real world -- pt. 4. Policy accommodates modern finance -- pt. 5. Götterdämmerung -- pt. 6. Charting a new way forward
Summary
An engaging look at how modern finance almost destroyed our global economy. Over the last thirty years, capital markets have been restructured through the tenets of modern finance. This has been enormously profitable for the financial services sector. However, these innovations, coupled with unsound risk and regulatory practices have proved disastrous for the global economy. In a clear and accessible style, ex-investment banker and financial journalist Martin Hutchinson, and highly respected academic, Kevin Dowd show how modern finance combined with easy money threatened to bring down the world
