eleanor oliphant granchester finding gobi tudor queens series books of the month
Search our site
A Time of Love and Tartan by Alexander McCall Smith Read the opening extract of the brand new Alexander McCall Smith book before its publication on 03/08/2017

Bailouts Public Money, Private Profit by Robert E. Wright
  

Bailouts Public Money, Private Profit

Part of the A Columbia / SSRC Book (Privatization of Risk) Series

RRP £49.95

Notify me
when in stock

As soon as this book is back in stock we will send you an email.

Synopsis

Bailouts Public Money, Private Profit by Robert E. Wright

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. HackerLaid Off, Laid Low: Political and Economic Consequences of Employment InsecurityEdited by Katherine S. NewmanPensions, Social Security, and the Privatization of RiskEdited by Mitchell A. Orenstein

Reviews

A detailed study of the history of bailouts... [and] a must-read for anyone interested in the policy implications of bailouts. -- Andrew Jalil * EH.net * A timely, accessible examination of government bailouts. * Choice *


About the Author

Robert E. Wright is holder of the Nef Family Chair of Political Economy at Augustana College, a research economist at the National Bureau of Economic Research, editor of Pickering and Chatto of London's financial history monograph series, and a guest curator for the Museum of American Finance.

More books by this author
Author 'Like for Like' recommendations

Loading other formats...

Book Info

Publication date

1st January 2010

Author

Robert E. Wright

More books by Robert E. Wright
Author 'Like for Like'
    recommendations

Publisher

Columbia University Press

Format

Hardback
160 pages

Categories

Political economy
Economic & financial crises & disasters
Public finance
Banking

ISBN

9780231150545

Lovereading helps me decide what real people read.

Kerry Bridges

It's a lively, independent website with reviews, recommendations and more - with a huge range of books available to buy in all formats.

Alison Layland

Love books. Love reading. Love reading books. And, here's the trick. Here's a website which caters for people like me.

Ian Harvey-brown

I love the honest opinions, recommendations for every genre and every reader, wish lists and Like for Like.

Amrita Dasgupta

Lovereading does a stella job in promoting both new and established authors.

Iris Clements

I love 'try before you buy' extracts. I love the wide range of authors & genres. I love the author info. I love books!

Judi Davies

Lovereading recommends, honestly reviews and promotes books-what more can I say?!

Rachel Bridgeman

I love Lovereading because of its ability to connect people that love books & unite them in a friendly, stimulating & interesting community.

Megan Olwen William

Lovereading4kids

Lovereading4schools