The Death of Capital: How Creative Policy Can Restore Stability, 2010
كاتب الموضوع
رسالة
د. فرغلى هارون
المدير العـام
عدد الرسائل : 3278 تاريخ التسجيل : 07/05/2008
موضوع: The Death of Capital: How Creative Policy Can Restore Stability, 2010 25/6/2010, 5:24 pm
The Death of Capital How Creative Policy Can Restore Stability By Michael E. Lewitt John Wiley & Sons Ltd, 2010 292 pages 1,8 mb
In The Death of Capital, respected portfolio manager and longtime investment professional Michael Lewitt looks at how the U.S. economy has increasingly been dominated by short-term speculation rather than industrial expansion in recent years. These disastrous trends, described here as financialization, ignore the fact that capital itself is a highly unstable process rather than a fixed object or category. As a result of our failure to understand the true nature of capital, we have developed a financial and regulatory system that does exactly the opposite of what it should be doing—favoring obscurity over transparency and fomenting instability rather than growth.
CONTENTS Introduction The 2008 Crisis—Tragedy or Farce? Chapter 1 The Death of Capital Chapter 2 Capital Ideas Chapter 3 Empty Promises Chapter 4 Financialization Chapter 5 From Innovators to Undertakers Chapter 6 Welcome to Jurassic Park Chapter 7 The Road to Hell Chapter 8 Finance after Armageddon Conclusion “This Is Later”