Gambling with Other People’s Money
How Perverse Incentives Caused the Financial Crisis
Seiten
2019
Hoover Institution Press,U.S. (Verlag)
978-0-8179-2185-9 (ISBN)
Hoover Institution Press,U.S. (Verlag)
978-0-8179-2185-9 (ISBN)
What caused the Financial Crisis of 2008? Russ Roberts argues that the underlying cause of the mess was the past bailouts of large financial institutions that allowed these institutions to gamble carelessly because they were effectively using other people's money.
What caused the Financial Crisis of 2008? While government mandates and private sector mistakes did contribute to the crisis and can be blamed at least in part for what happened, this book takes a different approach. Russ Roberts argues that the true underlying cause of the mess was the past bailouts of large financial institutions that allowed these institutions to gamble carelessly because they were effectively using other people's money.
The author warns that despite the passage of Dodd-Frank, it is widely believed that we have done nothing to eliminate 'Too Big to Fail.' That perception allows the largest financial institutions to continue to gamble with taxpayer money.
What caused the Financial Crisis of 2008? While government mandates and private sector mistakes did contribute to the crisis and can be blamed at least in part for what happened, this book takes a different approach. Russ Roberts argues that the true underlying cause of the mess was the past bailouts of large financial institutions that allowed these institutions to gamble carelessly because they were effectively using other people's money.
The author warns that despite the passage of Dodd-Frank, it is widely believed that we have done nothing to eliminate 'Too Big to Fail.' That perception allows the largest financial institutions to continue to gamble with taxpayer money.
Russ Roberts is the John and Jean De Nault Research Fellow at Stanford University's Hoover Institution. He is the host of the podcast, EconTalk.
| Erscheinungsdatum | 04.01.2019 |
|---|---|
| Verlagsort | Stanford |
| Sprache | englisch |
| Maße | 140 x 216 mm |
| Gewicht | 154 g |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
| Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre | |
| Wirtschaft ► Volkswirtschaftslehre | |
| ISBN-10 | 0-8179-2185-0 / 0817921850 |
| ISBN-13 | 978-0-8179-2185-9 / 9780817921859 |
| Zustand | Neuware |
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