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Boom and Bust : Financial Cycles and Human Prosperity by Alex J. Pollock (2010, Trade Paperback)

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Language: English. Number of Pages: 116. Weight: 0.25 lbs. Publication Date: 2010-12-16. Publisher: AEI Press.

About this product

Product Identifiers

PublisherAmerican Enterprise Institute for Public Policy Research

ISBN-100844743836

ISBN-139780844743837

eBay Product ID (ePID)102867918

Product Key Features

Book TitleBoom and Bust : Financial Cycles and Human Prosperity

Number of Pages116 Pages

LanguageEnglish

Publication Year2010

TopicEconomic History, Finance / General, Economic Conditions, Economics / General, Public Policy / Economic Policy, Free Enterprise

IllustratorYes

GenrePolitical Science, Business & Economics

AuthorAlex J. Pollock

Book SeriesValues and Capitalism Ser.

FormatTrade Paperback

Dimensions

Item Height0.3 in

Item Weight3.7 Oz

Item Length6.8 in

Item Width4.6 in

Additional Product Features

Intended AudienceTrade

LCCN2010-020471

Dewey Edition22

ReviewsAlex 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., 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.

Dewey Decimal338.5/420973

SynopsisThe panic inspired by the recent financial crisis was fueled by an incomplete understanding of economic history. In a free market system, financial downturns inevitably accompany economic prosperity-but the overall trend is upward progress in living standards and wealth. In Boom and Bust, Alex J. Pollock argues that the free market, despite its ups and downs, offers greater opportunities for growth than any other economic system-including gains in health and longevity, better jobs, broader access to education, and individual liberty., While the recent economic crisis was a painful period for many Americans, the panic surrounding the downturn was fueled by an incomplete understanding of economic history. Economic hysteria made for riveting journalism and effective political theater, but the politicians and members of the media who declared that America was in the midst of the greatest financial calamity since the Great Depression were as wrong and misguided as the expansionists of the Roosevelt era. In reality the cyclical nature of market economies is as old as the markets themselves. In a free market system, financial downturns inevitably accompany economic prosperity-but the overall trend is upward progress in living standards and national wealth. While it is helpful to understand what caused the recent crisis, 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 and 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, work less arduous jobs, and have more choices and wider horizons than people at any other point in history. This wonderful reality would not exist in the absence of financial cycles. This book explains why.

LC Classification NumberHB3722.P657 2010