{"product_id":"econned-how-unenlightened-self-interest-undermined-democracy-and-corrupted-capitalism-paperback","title":"Econned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eYves Smith\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003eECONned \u003c\/i\u003eexamines the unquestioned role of economists as policy-makers, and how they helped create an unmitigated economic disaster.\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eWhy are we in such a financial mess today? There are lots of proximate causes: over-leverage, global imbalances, bad financial technology that lead to widespread underestimation of risk. But these are all symptoms. Until we isolate and tackle fundamental causes, we will fail to extirpate the disease. \u003cp\u003e\u003c\/p\u003eHere, Yves Smith looks at how economists in key policy positions put doctrine before hard evidence, ignoring the deteriorating conditions and rising dangers that eventually led them, and us, off the cliff and into financial meltdown. Intelligently written for the layman, Smith takes us on a terrifying investigation of the financial realm over the last twenty-five years of misrepresentations, naive interpretations of economic conditions, rationalizations of bad outcomes, and rejection of clear signs of growing instability. \u003cp\u003e\u003c\/p\u003eIn eConned, author Yves Smith reveals: \u003cp\u003e\u003c\/p\u003e--why the measures taken by the Obama Administration are mere palliatives and are unlikely to pave the way for a solid recovery \u003cp\u003e\u003c\/p\u003e--how economists have come to play a profoundly anti-democratic role in policy \u003cp\u003e\u003c\/p\u003e--how financial models and concepts that were discredited more than thirty years ago are still widely used by banks, regulators, and investors \u003cp\u003e\u003c\/p\u003e--how management and employees of major financial firms looted them, enriching themselves and leaving the mess to taxpayers \u003cp\u003e\u003c\/p\u003e--how financial deregulation enabled predatory behavior by Wall Street towards investors \u003cp\u003e\u003c\/p\u003e--how economics has no theory of financial systems, yet economists fearlessly prescribe how to manage them\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eYves Smith is creator of the influential blog, Naked Capitalism, a top ranked economics and finance blog with over 250,000 unique visitors each month. Smith has been working in and around the financial services industry since 1980 as an investment banker, management consultant, and corporate finance advisor. Smith has appeared, on CNBC, CNN, and FOX Business News, and has written over 40 articles in venues such as \u003ci\u003eThe New York Times\u003c\/i\u003e, \u003ci\u003eSlate\u003c\/i\u003e, and the \u003ci\u003eChristian Science Monitor\u003c\/i\u003e. She lives in Manhattan.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 368\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.1 x 9.1 x 6.1 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 11, 2011\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":52477598531891,"sku":"9780230114562","price":32.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0300\/5595\/6612\/files\/eHFvVEFrNmM0ZElIekUzRndKME5Bdz09.webp?v=1759622105","url":"https:\/\/www.vysn.com\/products\/econned-how-unenlightened-self-interest-undermined-democracy-and-corrupted-capitalism-paperback","provider":"VYSN","version":"1.0","type":"link"}