Why the World Economy Needs a Financial Crash and Other Critical Essays on Finance and Financial Economics
By:Jan Toporowski
Published on 2010 by Anthem Press
The essays in this volume explain the key structural features of financial inflation that give rise to financial crisis. These features include excessive reliance on finance to maintain economic activity through rising asset prices. Reliance on asset inflation induces a preoccupation with property values and a new social divide between the asset-rich and the asset-poor that undermines the culture of the welfare state. When debt can no longer be supported by cash flow from asset markets, excess debt plunges economies into economic depression.
This Book was ranked at 4 by Google Books for keyword the world economy.
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Book which was published by Anthem Press since 2010 have ISBNs, ISBN 13 Code is 9780857289803 and ISBN 10 Code is 0857289802
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