The New Paradigm For Financial Markets Large Print Edition

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Overview

In the midst of one of the most serious financial upheavals since the Great Depression, George Soros, the legendary financier and philanthropist, writes about the origins of the crisis and proposes a set of policies that should be adopted to confront it. Soros, whose breadth of experience in financial markets is unrivaled, places the crisis in the context of his decades of study of how individuals and institutions handle the boom and bust cycles that now dominate global economic activity. In a concise essay that combines practical insight with philosophical depth, Soros makes an invaluable contribution to our understanding of the great credit crisis and its implications for our nation and the world.
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Overview

In the midst of one of the most serious financial upheavals since the Great Depression, George Soros, the legendary financier and philanthropist, writes about the origins of the crisis and proposes a set of policies that should be adopted to confront it. Soros, whose breadth of experience in financial markets is unrivaled, places the crisis in the context of his decades of study of how individuals and institutions handle the boom and bust cycles that now dominate global economic activity. In a concise essay that combines practical insight with philosophical depth, Soros makes an invaluable contribution to our understanding of the great credit crisis and its implications for our nation and the world.

Editorial Reviews

Peter Behr
George Soros is a billionaire speculator whose voice is amplified by real money. His distaste for the Bush administration runs deep: He put millions of dollars into Sen. John Kerry's 2004 presidential campaign. Yet his account of the credit crash is personal and revealing, not mere political bashing.
—The Washington Post

Product Details

  • ISBN-13: 9781586487133
  • Publisher: Public Affairs
  • Publication date: 4/23/2008
  • Edition description: Large Prin
  • Pages: 240
  • Product dimensions: 7.00 (w) x 9.90 (h) x 1.10 (d)

Meet the Author

George Soros is chairman of Soros Fund Management and is the founder of a global network of foundations dedicated to supporting open societies. He is the author of several best-selling books including The Bubble of American Supremacy, Underwriting Democracy, and The Age of Fallibility. He was born in Budapest and lives in New York City.

Table of Contents

Setting the Stage

Pt. 1 Perspective

1 The Core Idea 3

2 Autobiography of a Failed Philosopher 12

3 The Theory of Reflexivity 25

4 Reflexivity in Financial Markets 51

Pt. 2 The Current Crisis and Beyond

5 The Super-Bubble Hypothesis 81

6 Autobiography of a Successful Speculator 106

7 My Outlook for 2008 122

8 Some Policy Recommendations 142

Conclusion 153

Acknowledgments 161

About the Author 163

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