A Call for Judgment explains in a clear way how bad theories and mis-regulation have caused a dangerous divergence between the real economy and modern finance. It is essential reading for anyone interested bringing the economy back to a point at which decisions can be made that foster organic economic growth without the potentially disastrous risks currently accepted by modern finance.
INDICE:
Preface; Introduction; Part 1: Ordering the Innovation Game: Beyond Decentralization and Prices; 1.: The Decentralization of Judgment; 2.: The Halfway House - Coordination through Organizational Authority; 3.: Dialogue and Relationships; 4.: Reflections in the Financial Mirror; Part 2: Why it Became So; 5.: All-Knowing Beings; 6.: Judgment Free Finance; 7.: Storming the Derivative Front; 8.: Liquid Markets, Deficient Governance; 9.: Financiers Unfettered; 10.: The long slog to stable banking; 11.: Not there Yet; 12.: Finally on Track; 13.: Derailed by Deregulation; 14.: Restoring Real Finance; Acknowledgments; Notes; References; Index
Students and scholars of macroeconomics and finance, as well as general readers interested in how the economy works, the causes and solutions to the recent financial crisis, and how to avoid future crises
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