×

Uh-oh, it looks like your Internet Explorer is out of date.

For a better shopping experience, please upgrade now.

Boom and Bust: Financial Cycles and Human Prosperity
     

Boom and Bust: Financial Cycles and Human Prosperity

by Alex J. Pollock
 

See All Formats & Editions

The cyclical nature of market economies is as old as the markets themselves. In a free market system, financial downturns inevitably accompany economic prosperity. So, while it is helpful to understand what causes these downturns, the more important questions to consider are "What makes the 'boom and bust' cycle so predictable?" and "What are the ethical

Overview

The cyclical nature of market economies is as old as the markets themselves. In a free market system, financial downturns inevitably accompany economic prosperity. So, while it is helpful to understand what causes these downturns, the more important questions to consider are "What makes the 'boom and bust' cycle so predictable?" and "What are the ethical responsibilities of the citizens of a free market economy?"

In Boom & Bust: Financial Cycles and Human Prosperity, Alex J. Pollock argues that while economic downturns can be frightening and difficult, people living in free market economies enjoy greater health, better access to basic necessities, better education, and have more choices and wider horizons than people at any other point in history. This reality would not exist in the absence of financial cycles. This book explains why.

Editorial Reviews

Wall Street Journal
Alex J. Pollock isn't angry about the financial panic that erupted in 2008 and knocked the U.S. economy into the worst slump since the 1930s. Mr. Pollock, a resident fellow at the American Enterprise Institute and a former banker, isn't even looking for someone to blame. In Boom and Bust, he swiftly identifies the villain—a familiar, sometimes endearing and invariably roguish character known as human nature.
World Magazine
Provides some basics on financial cycles.
The Wall Street Journal
Alex J. Pollock isn't angry about the financial panic that erupted in 2008 and knocked the U.S. economy into the worst slump since the 1930s. Mr. Pollock, a resident fellow at the American Enterprise Institute and a former banker, isn't even looking for someone to blame. In Boom and Bust, he swiftly identifies the villain—a familiar, sometimes endearing and invariably roguish character known as human nature.

Product Details

ISBN-13:
9780844743837
Publisher:
Aei Press
Publication date:
12/16/2010
Series:
Values and Capitalism Series
Pages:
105
Sales rank:
395,085
Product dimensions:
4.40(w) x 6.60(h) x 0.50(d)

Meet the Author

Alex J. Pollock spent thirty-five years in the banking industry before becoming a resident scholar at the American Enterprise Institute, where he researches housing finance, government-sponsored enterprises, corporate governance, and the banking system. He is a director of the Chicago Mercantile Exchange and the International Housing Union for Housing Finance.

Customer Reviews

Average Review:

Post to your social network

     

Most Helpful Customer Reviews

See all customer reviews