| Description |
1 online resource (xxii, 312 pages) : illustrations |
| Contents |
PROLOGUE -- Overall view of speculative markets -- HIDDEN COLLECTIVE DETERMINANTS -- Rational? -- Joint crashes -- Contagion of speculative frenzy -- REGULARITIES IN SPECULATIVE EPISODES -- Peak amplitude: the price multiplier effect -- Peak shape: the sharp peak -- flat trough pattern -- Stock market bubbles -- THE TRIUMPH OF NEOLIBERALISM -- Triumph of neoliberalism in economics -- Triumph of neoliberalism in society -- Triumph of neoliberalism in finance -- Is there a way out? |
| Summary |
What are the roots of the present economic crisis? The book shows that the factors commonly mentioned (e. g. subprime loans, fall in housing prices) have occurred in the past and therefore cannot account for the severity of the present crisis. There must be "something else". The analysis shows that there was a "phase transition" in the United States around 1975 which brought the following changes: - The stagnation of real wages over the past 30 years and a parallel rise in indebtment levels. - The abrupt fall in unionization rates and in the number of strikes. - The development of tax havens which deprived states of tax revenue. - The globalization of financial transactions which hinders long-term investment |
| Analysis |
economie |
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economics |
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bedrijfswetenschap |
|
management science |
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finance |
|
biofysica |
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biophysics |
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bankwezen |
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banking sector |
|
combinatoriek |
|
combinatorics |
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Management studies, Business Administration, Organizational Science (General) |
|
Management, bedrijfskunde, organisatiekunde (algemeen) |
| Bibliography |
Includes bibliographical references (pages 295-308) and index |
| Notes |
Print version record |
| In |
Springer eBooks |
| Subject |
Stock price forecasting.
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Speculation.
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speculating.
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Economie de l'entreprise.
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Science économique.
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Affaires.
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Speculation
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Stock price forecasting
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Finanzkrise
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Börsenspekulation
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Neoliberalismus
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Spekulation.
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Wertpapierspekulation.
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Marktmechanismus.
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Börsenkrise.
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Börsenkurs.
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Wertpapieranalyse.
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Theorie.
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Welt.
|
| Form |
Electronic book
|
| LC no. |
2009932723 |
| ISBN |
9783642030482 |
|
3642030483 |
|
9783642030475 |
|
3642030475 |
|
