INDICE: Foreword. Preface: Is There a Bubble in Boom-Bust Books? Acknowledgments. Introduction: The Study of Financial Extremes. One-armed Analysts, Secrets, Mysteries. Secrets vs. Mysteries. Different Problems Necessitate Different Approaches. Financial Booms and Busts as Mysteries. Part I: Five Lenses. Chapter 1: Microeconomic Perspectives. To Equilibrium or Not? Random Walks and Accurate Prices: The Efficient Market Hypothesis. Constant Instability and Inefficiency: The Theory of Reflexivity. Reconciling Efficiency and Reflexivity. Chapter 2: Macroeconomic Perspectives. The Impact of Debt and Deflation on the Markets. The Magnifying Power of Leverage. The Impact of Collateral Rates. Hyman Minsky's Financial Instability Hypothesis. Debt-Deflation and Asset Prices. The Austrian Business Cycle Theory. Integrating the Macro Lenses. Chapter 3: The Psychology Lens. Homo Economicus Meets Homo Sapiens. The Study of Irrationality is Born. Heuristics Gone Wild: How Rules of Thumb Lead Us Astray. Our Flawed Brains: Other Cognitive Issues. The Certainty of Uncertainty. Chapter 4: Political Foundations. Can Anyone Own Anything? Prices: To Guide or Be Guided? Political Distortions of Property and Price. Chapter 5: Biological Perspectives. Dynamics of Epidemiolgy and Emergence. Epidemiology: Revealing the Maturityof an Unsustainable Boom. Emergence: How Micro Simplicity Drives Macro Complexity. Emergent Behavior in Human Swarms. The Blind Leading the Blind. Part II:Historical Case Studies. Chapter 6: Tulipmania. A Bubble in 17th Century Holland. The Uniqueness of Tulips. Fertile Soil for Bubble Formation. The Boombustology of Tulipmania. The Multi-Lens Look. Chapter 7: The Great Depression. From Roaring 20s to Yawning 30s. Castles in the Sand. From Roaring 20s to Busted 30s. The Boombustology of the Great Depression. The Multi-Lens Look. Chapter 8: The Japanese Boom and Bust. A Credit-Fuelled Bubble Economy. Japan(ese) as Different. An Overview of the Bubble Economy. The Boombustology of the JapaneseBoom and Bust. The Multi-Lens Look. Chapter 9: The Asian Financial Crisis. The Mirage of a Miracle. Boom Times in East Asia. Thailand Catches the Flu. The Boombustology of the Asian Financial Crisis. The Multi-Lens Look. Chapter 10: The U.S. Housing Boom and Bust. The Homeowner's Society Creates the People's Panic. Safe as Houses. The Music Stops. The Boombustology of the U.S. Housing Boom and Bust. The Multi-Lens Look. Part III: Looking Ahead. Chapter 11: A Method for Spotting Unsustainable Booms. Reflexivity and Self-Fulfilling Dynamics.Leverage, Financial Innovation, and Cheap Money. Overconfidence. Policy-Driven Distortions. Epidemics and Emergence. Conclusions. Chapter 12: Boombustologyin Action. Is China Next? Tendencies toward Equilibrium. Leverage, Cheap Money, and Potential Deflation. Conspicuous C
- ISBN: 978-0-470-87946-7
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 288
- Fecha Publicación: 16/03/2011
- Nº Volúmenes: 1
- Idioma: Inglés