Cantitate/Preț
Produs

A Call for Judgment: Sensible Finance for a Dynamic Economy

Autor Amar Bhidé
en Limba Engleză Hardback – 4 noi 2010
Our prosperity requires the enterprise of innumerable individuals and businesses who exercise their imagination and judgment-and bear responsibility for outcomes. And it is through dialogue and relationships that widespread enterprise is fostered, not merely prices in anonymous markets. Yet modern finance blatantly neglects these necessary elements for enterprise, and the dynamism of the real economy is stifled. For the last several decades finance has become increasingly centralized, distanced, and mechanistic. Instead of thousands of lending officers making judgments about borrowers who they know, credit decisions are the output of the models of a few Wall Street wizards and credit agencies whose mistakes have widespread, sometimes disastrous consequences.A Call for Judgment explains in a clear way how bad theories and mis-regulation have caused this dangerous divergence between the real economy and finance. Bhidé accessibly lays out how so-called advances in modern finance helped mass-produce toxic products, based on backward-looking, top-down models that have no place in today's dynamic and decentralized world. Thanks to excessively tight securities laws and loose banking laws, anonymous transactions have displaced relationship-based finance. Returning to relationships and case-by-case judgment requires at a minimum tough rules that limit banks-and all deposit taking institutions-to basic lending and nothing else. Financing the Venturesome Economy is essential reading for anyone interested bringing the economy back to a point at which decisions can be made that foster organic economic growth without the potentially disastrous risks currently accepted by modern finance.
Citește tot Restrânge

Preț: 15878 lei

Preț vechi: 18002 lei
-12% Nou

Puncte Express: 238

Preț estimativ în valută:
3039 3156$ 2524£

Carte tipărită la comandă

Livrare economică 24-30 ianuarie 25

Preluare comenzi: 021 569.72.76

Specificații

ISBN-13: 9780199756070
ISBN-10: 0199756074
Pagini: 368
Dimensiuni: 236 x 165 x 25 mm
Greutate: 0.64 kg
Editura: Oxford University Press
Colecția OUP USA
Locul publicării:New York, United States

Recenzii

a valuable contribution to our understanding of financial markets.
I greatly enjoyed this book. It covers a lot of ground and might, therefore, seem daunting. Significantly, though, I found it an increasingly compelling read and concluded that it delivers an impressive and valuable contribution to what ought to remain an absolutely central issue from the perspective of the proper functioning of the plumbing of our economic system and, therefore, our future well-being.
a very impressive effort, full of fascinating connections and shrewd observations
Events have raised large questions about the academic theories supporting the concept that our heavily 'engineered' financial markets are self-disciplined and efficiently allocate capital. Amar Bhide's skeptical analysis should stimulate basic reconsideration.
This great book, Amar Bhide's third in a decade, is an essential and distinct contribution in our hour of need. It first reformulates how modern capitalism does what it does best - innovation. Then, in high gear, it shows us how our capitalism has been brought down by a thousand cuts: the idea that rational investors always know precisely what they're doing, the perversion of the banking industry, the errors of deregulation and the striking errors in some new regulations. A Call for Judgment is not a cry for some auto da fe on Wall Street but rather a brilliant and reasoned plea for a basic revamp of our capitalist institutions so as to regain the dynamism of old.
A Call for Judgment is an intellectual firecracker - full of wisdom, common sense, and hard-hitting reform proposals. Few other writers, if any, can match Amar Bhide's deep knowledge of economic theory and historical detail with his first-hand experience in both entrepreneurship and real-world finance. It's hard to imagine a more useful analysis or guide for what must now be done.
A Call for Judgment presents many interesting insights on necessary innovations in the world of today and tomorrow. Amar Bhide prompts also some conclusions for improving the rules and ways for future banking-supervision in the United States. This book is a very positive contribution to a necessary debate.
Amar Bhide's analysis of the economic crisis that exploded on us a few years ago is extremely informative and thought provoking. He writes from an experience both in business, where he could see what was going on around him, and in academia, where he has had the time to study and reflect on what happened and why. Bhide's discussion of what we need to do to avoid a recurrence is illuminating and persuasive.

Notă biografică

Amar Bhidé is Schmidheiny Professor at the Fletcher School of Law and Diplomacy, Tufts University.