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Bailouts - Public Money, Private Profit (Paperback, New) Loot Price: R385
Discovery Miles 3 850
You Save: R64 (14%)

Bailouts - Public Money, Private Profit (Paperback, New)

Robert Wright

Series: A Columbia / SSRC Book (Privatization of Risk)

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List price R449 Loot Price R385 Discovery Miles 3 850 You Save R64 (14%)

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Today's financial crisis is the result of dismal failures on the part of regulators, market analysts, and corporate executives. Yet the response of the American government has been to bail out the very institutions and individuals that have wrought such havoc upon the nation. Are such massive bailouts really called for? Can they succeed?

Robert E. Wright and his colleagues provide an unbiased history of government bailouts and a frank assessment of their effectiveness. Their book recounts colonial America's struggle to rectify the first dangerous real estate bubble and the British government's counterproductive response. It explains how Alexander Hamilton allowed central banks and other lenders to bail out distressed but sound businesses without rewarding or encouraging the risky ones. And it shows how, in the second half of the twentieth century, governments began to bail out distressed companies, industries, and even entire economies in ways that subsidized risk takers while failing to reinvigorate the economy. By peering into the historical uses of public money to save private profit, this volume suggests better ways to control risk in the future.

Additional Columbia / SSRC books on the privatization of risk and its implications for Americans:

Health at Risk: America's Ailing Health System--and How to Heal ItEdited by Jacob S. Hacker

Laid Off, Laid Low: Political and Economic Consequences of Employment InsecurityEdited by Katherine S. Newman

Pensions, Social Security, and the Privatization of RiskEdited by Mitchell A. Orenstein

General

Imprint: Columbia University Press
Country of origin: United States
Series: A Columbia / SSRC Book (Privatization of Risk)
Release date: February 2010
First published: February 2010
Editors: Robert Wright
Dimensions: 210 x 140 x 13mm (L x W x T)
Format: Paperback
Pages: 147
Edition: New
ISBN-13: 978-0-231-15055-2
Categories: Books > Business & Economics > Economics > Political economy
Books > Business & Economics > Economics > Financial crises & disasters
Books > Business & Economics > Finance & accounting > Finance > Banking
Books > Business & Economics > Finance & accounting > Finance > Public finance > General
Books > Money & Finance > Banking
Books > Money & Finance > Public finance > General
LSN: 0-231-15055-5
Barcode: 9780231150552

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