TY - BOOK AU - Toporowski,Jan TI - Why the world economy needs a financial crash and other critical essays on finance and financial economics SN - 9780857286543 (ebook) AV - HG229 .T67 2010 U1 - 332 22 PY - 2010/// CY - London PB - Anthem Press KW - Inflation (Finance) KW - Financial crises KW - Capital assets pricing model KW - Capital market KW - International finance KW - Business cycles N1 - Title from publisher's bibliographic system (viewed on 02 Oct 2015); Why the world economy needs a financial crash -- The economics of financial inflation -- Money in globalised times -- Neo-liberalism and international finance -- Financial innovation: better machines for financial inflation? -- The inflation of goodwill -- Leverage and balance sheet inflation -- Inflation in financial markets -- Asset inflation and deflation -- The culture of financial inflation -- Twentieth-century finance theory : the frauds of economic innocence (in memoriam J.K. Galbraith) -- Fischer Black's "revolution" -- Economic inequality and asset inflation -- The wisdom of property and the culture of the middle classes -- Financial crisis -- Everything you need to know about the financial crisis but couldn't find out because the experts were explaining it -- The limitations of financial stabilisation by central banks -- International business and the crisis -- Developing countries in the crisis transmission mechanism N2 - These essays explain why financial crisis breaks out, its social, economic and cultural consequences, and the limitations of policy in the face of economic stagnation induced by financial inflation UR - http://www.cambridge.org/core/product/identifier/9780857286543/type/BOOK ER -