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Boom and Bust: Financial Cycles and Human Prosperity (Values and Capi - GOOD

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Last updated on May 11, 2025 14:01:42 PDTView all revisionsView all revisions

Item specifics

Condition
Good: A book that has been read but is in good condition. Very minimal damage to the cover including ...
Brand
Unbranded
MPN
Does not apply
ISBN
9780844743837
Book Title
Boom and Bust : Financial Cycles and Human Prosperity
Book Series
Values and Capitalism Ser.
Publisher
American Enterprise Institute for Public Policy Research
Item Length
6.8 in
Publication Year
2010
Format
Trade Paperback
Language
English
Illustrator
Yes
Item Height
0.3 in
Author
Alex J. Pollock
Genre
Political Science, Business & Economics
Topic
Economic History, Finance / General, Economic Conditions, Economics / General, Public Policy / Economic Policy, Free Enterprise
Item Weight
3.7 Oz
Item Width
4.6 in
Number of Pages
116 Pages

About this product

Product Identifiers

Publisher
American Enterprise Institute for Public Policy Research
ISBN-10
0844743836
ISBN-13
9780844743837
eBay Product ID (ePID)
102867918

Product Key Features

Book Title
Boom and Bust : Financial Cycles and Human Prosperity
Number of Pages
116 Pages
Language
English
Topic
Economic History, Finance / General, Economic Conditions, Economics / General, Public Policy / Economic Policy, Free Enterprise
Publication Year
2010
Illustrator
Yes
Genre
Political Science, Business & Economics
Author
Alex J. Pollock
Book Series
Values and Capitalism Ser.
Format
Trade Paperback

Dimensions

Item Height
0.3 in
Item Weight
3.7 Oz
Item Length
6.8 in
Item Width
4.6 in

Additional Product Features

Intended Audience
Trade
LCCN
2010-020471
Reviews
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., 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 Edition
22
Dewey Decimal
338.5/420973
Synopsis
The 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 Number
HB3722.P657 2010

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