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1 Hawthorne Economics- General

Lords of Finance: The Bankers Who Broke the World

by

Lords of Finance: The Bankers Who Broke the World Cover

ISBN13: 9780143116806
ISBN10: 0143116800
Condition: Standard
All Product Details

Only 1 left in stock at $8.95!

 

Awards

2010 Pulitzer Prize Winner

Synopses & Reviews

Publisher Comments:

It is commonly believed that the Great Depression that began in 1929 resulted from a confluence of events beyond any one person's or government's control. In fact, as Liaquat Ahamed reveals, it was the decisions made by a small number of central bankers that were the primary cause of that economic meltdown, the effects of which set the stage for World War II and reverberated for decades. As yet another period of economic turmoil makes headlines today, Lords of Finance is a potent reminder of the enormous impact that the decisions of central bankers can have, their fallibility, and the terrible human consequences that can result when they are wrong.

Review:

"A magisterial work...You can't help thinking about the economic crisis we're living through now." The New York Times Book Review

Synopsis:

As another financial crisis makes headlines today, the year 1929 remains the benchmark for true economic mayhem. Ahamed lays the blame for the 1929 meltdown on a small number of central bankers--men as prominent in their time as Alan Greenspan is today.

Synopsis:

A young scholar tells the story of the physicists and mathematicians who created the models that have become the basis of modern finance and argues that these models are the solution toand#8212;not the source ofand#8212;our current economic woes.

Synopsis:

Amid the turmoil in the Eurozone, economic problems in Russia, stagnation in Japan, and rumblings that China may slip into recession, the one reliable asset is the American dollar. While it may encounter ups and downs, investors for decades have been confident that it will never lose a substantial part of its value.

That may be about to change. In The Big Reset, Willem Middelkoop lays out the case for an inevitable monetary reset, one that will be designed to keep the United States in the driver's seat, but will include strong roles for the Euro and China’s Renminbi—and, crucially, gold. This fully revised edition of Middelkoop’s book takes into account developments since its original publication, which have only strengthened the case for the coming return of gold.

Synopsis:

andldquo;Weatherall probes an epochal shift in financial strategizing with lucidity, explaining how it occurred and what it means for modern finance.andrdquo;andmdash;Peter Galison, author of Einsteinandrsquo;s Clocks, Poincareandrsquo;s Maps

After the economic meltdown of 2008, many pundits placed the blame on andldquo;complex financial instrumentsandrdquo; and the physicists and mathematicians who dreamed them up. But how is it that physicists came to drive Wall Street? And were their ideas really the cause of the collapse?

In The Physics of Wall Street, the physicist James Weatherall answers both of these questions. He tells the story of how physicists first moved to finance, bringing science to bear on some of the thorniest problems in economics, from bubbles to options pricing. The problem isnandrsquo;t simply that economic models have limitations and can break down under certain conditions, but that at the time of the meltdown those models were in the hands of people who either didnandrsquo;t understand their purpose or didnandrsquo;t care. It was a catastrophic misuse of science. However, Weatherall argues that the solution is not to give up on the models but to make them better. Both persuasive and accessible, The Physics of Wall Street is riveting history that will change how we think about our economic future.

About the Author

Liaquat Ahmed has been a professional investment manager for twenty-five years. He has worked at the World Bank in Washington D.C., and the New York-based partnership of Fischer Francis Trees and Watts, where he served as chief executive.

Table of Contents

Introduction: Of Quants and Other Demonsand#8194;1

Primordial Seedsand#8194;1

Swimming Upstreamand#8194;25

From Coastlines to Cotton Pricesand#8194;49

Beating the Dealerand#8194;76

Physics Hits the Streetand#8194;105

The Prediction Companyand#8194;130

Tyranny of the Dragon Kingand#8194;159

A New Manhattan Projectand#8194;181

Epilogue: Send Physics, Math, and Money!and#8194;205

Acknowledgmentsand#8194;226

Notesand#8194;229

Referencesand#8194;250

Indexand#8194;269

What Our Readers Are Saying

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Average customer rating based on 3 comments:

powellsr, January 28, 2011 (view all comments by powellsr)
It tackled a very complex subject in a very clear and well-written way and brought the chaos of those days right to the all too similar present.
Was this comment helpful? | Yes | No
(5 of 8 readers found this comment helpful)
Kay Wetz, April 13, 2010 (view all comments by Kay Wetz)
Reading just one review assured my mind to buy and read. Good advertising.
Was this comment helpful? | Yes | No
(3 of 10 readers found this comment helpful)
san pancho reader, April 13, 2010 (view all comments by san pancho reader)
A great read. Well written, well-researched, compelling, even entertaining while being very educational. A timely read.
Was this comment helpful? | Yes | No
(7 of 11 readers found this comment helpful)
View all 3 comments

Product Details

ISBN:
9780143116806
Author:
Ahamed, Liaquat
Publisher:
Penguin Books
Author:
Middelkoop, Willem
Author:
Weatherall, James Owen
Subject:
Banks & Banking
Subject:
Finance
Subject:
General
Subject:
Economic History
Subject:
Capitalists and financiers
Subject:
Bankers
Subject:
Corporate History
Subject:
Business-Banking
Subject:
Economics - General
Copyright:
Edition Description:
Revised edition
Publication Date:
20091231
Binding:
TRADE PAPER
Grade Level:
from 12
Language:
English
Illustrations:
5 graphs
Pages:
261
Dimensions:
8.25 x 5.25 in
Age Level:
17-17

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Related Subjects

Business » Accounting and Finance
Business » Banking
Business » History and Biographies
Featured Titles » Award Winners
Featured Titles » NYT Ten Best Books » 2009
History and Social Science » Current Affairs » General
History and Social Science » Economics » General

Lords of Finance: The Bankers Who Broke the World Used Trade Paper
0 stars - 0 reviews
$8.95 In Stock
Product details 261 pages Penguin Books - English 9780143116806 Reviews:
"Review" by , "A magisterial work...You can't help thinking about the economic crisis we're living through now."
"Synopsis" by , As another financial crisis makes headlines today, the year 1929 remains the benchmark for true economic mayhem. Ahamed lays the blame for the 1929 meltdown on a small number of central bankers--men as prominent in their time as Alan Greenspan is today.
"Synopsis" by ,
A young scholar tells the story of the physicists and mathematicians who created the models that have become the basis of modern finance and argues that these models are the solution toand#8212;not the source ofand#8212;our current economic woes.
"Synopsis" by ,
Amid the turmoil in the Eurozone, economic problems in Russia, stagnation in Japan, and rumblings that China may slip into recession, the one reliable asset is the American dollar. While it may encounter ups and downs, investors for decades have been confident that it will never lose a substantial part of its value.

That may be about to change. In The Big Reset, Willem Middelkoop lays out the case for an inevitable monetary reset, one that will be designed to keep the United States in the driver's seat, but will include strong roles for the Euro and China’s Renminbi—and, crucially, gold. This fully revised edition of Middelkoop’s book takes into account developments since its original publication, which have only strengthened the case for the coming return of gold.

"Synopsis" by ,
andldquo;Weatherall probes an epochal shift in financial strategizing with lucidity, explaining how it occurred and what it means for modern finance.andrdquo;andmdash;Peter Galison, author of Einsteinandrsquo;s Clocks, Poincareandrsquo;s Maps

After the economic meltdown of 2008, many pundits placed the blame on andldquo;complex financial instrumentsandrdquo; and the physicists and mathematicians who dreamed them up. But how is it that physicists came to drive Wall Street? And were their ideas really the cause of the collapse?

In The Physics of Wall Street, the physicist James Weatherall answers both of these questions. He tells the story of how physicists first moved to finance, bringing science to bear on some of the thorniest problems in economics, from bubbles to options pricing. The problem isnandrsquo;t simply that economic models have limitations and can break down under certain conditions, but that at the time of the meltdown those models were in the hands of people who either didnandrsquo;t understand their purpose or didnandrsquo;t care. It was a catastrophic misuse of science. However, Weatherall argues that the solution is not to give up on the models but to make them better. Both persuasive and accessible, The Physics of Wall Street is riveting history that will change how we think about our economic future.

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