Description
The past twenty years saw unprecedented growth and stability followed by the worst financial crisis the industrialised world has ever witnessed. In little more than a year, what had been seen as the age of wisdom was viewed as the age of foolishness, and belief turned almost overnight into incredulity. Most accounts of the recent crisis focus on its symptoms rather than the underlying causes of what went wrong. Yet these events formed only the latest in a long series of financial crises since the present system of commerce became the cornerstone of modern capitalism. Alchemy explains why this was, and remains, a crisis not of banking, even if the banking system needs reform, nor of policy-making, even if mistakes were made, but of ideas. In this refreshing and important book, former governor of the Bank of England Mervyn King, an actor in this drama, proposes revolutionary new concepts to answer the central question: are money and banking a form of alchemy, or are they the Achilles heel of a modern capitalist economy?
Information
Author: King Mervyn
Language: English
Publication date: March 3, 2016
Manufacturer: Bohemian Ventures, spol. s r.o.
Genres: English literature, Books, Foreign language books
Type: Books - paperback
Pages: 431
ISBN/EAN: 9781408706114