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Boom and Bust: Financial Cycles and Human Prosperity (Common Sense Concepts)

Boom and Bust: Financial Cycles and Human Prosperity (Common Sense Concepts)

by Alex Pollock (Author)

  • New

    Paperback 2011

    $13.48
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.

$13.48

Quantity

20+ in stock

More Information

Format: Paperback
 Pages: 105
 Publisher: AEI Press
Published: 01 Feb 2011
ISBN 10: 0844743836
ISBN 13: 9780844743837

Media 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. * The Wall Street Journal *
Provides some basics on financial cycles. * World Magazine *
Author Bio
Alex J. Pollock spent thirty-five years in the banking industry before becoming a resident scholar at the American Enterprise Institute, where he researches housing finance, government-sponsored enterprises, corporate governance, and the banking system. He is a director of the Chicago Mercantile Exchange and the International Housing Union for Housing Finance.