Coverart for item
The Resource Political bubbles : financial crises and the failure of American democracy, Nolan McCarty, Princeton University, Keith T. Poole, University of Georgia, Howard Rosenthal, New York University

Political bubbles : financial crises and the failure of American democracy, Nolan McCarty, Princeton University, Keith T. Poole, University of Georgia, Howard Rosenthal, New York University

Label
Political bubbles : financial crises and the failure of American democracy
Title
Political bubbles
Title remainder
financial crises and the failure of American democracy
Statement of responsibility
Nolan McCarty, Princeton University, Keith T. Poole, University of Georgia, Howard Rosenthal, New York University
Creator
Contributor
Subject
Genre
Language
eng
Summary
"Behind every financial crisis lurks a "political bubble"--Policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles--arising from a potent combination of beliefs, institutions, and interests--aid, abet, and amplify risk. Demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis, this book argues that similar government oversights in the aftermath of the crisis undermined Washington's response to the "popped" financial bubble, and shows how such patterns have occurred repeatedly throughout US history. The authors show that just as financial bubbles are an unfortunate mix of mistaken beliefs, market imperfections, and greed, political bubbles are the product of rigid ideologies, unresponsive and ineffective government institutions, and special interests. Financial market innovations--including adjustable-rate mortgages, mortgage-backed securities, and credit default swaps--become subject to legislated leniency and regulatory failure, increasing hazardous practices. The authors shed important light on the politics that blinds regulators to the economic weaknesses that create the conditions for economic bubbles and recommend simple, focused rules that should help avoid such crises in the future."--Publisher's website
Member of
Cataloging source
N$T
http://library.link/vocab/creatorName
McCarty, Nolan M
Dewey number
330.973/0931
Illustrations
illustrations
Index
index present
LC call number
HB3717 2008
LC item number
.M34 2013eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1939-
http://library.link/vocab/relatedWorkOrContributorName
  • Poole, Keith T
  • Rosenthal, Howard
http://library.link/vocab/subjectName
  • Global Financial Crisis, 2008-2009
  • Financial crises
  • Global Financial Crisis (2008-2009)
  • BUSINESS & ECONOMICS
  • BUSINESS & ECONOMICS
  • BUSINESS & ECONOMICS
  • POLITICAL SCIENCE
  • POLITICAL SCIENCE
  • Financial crises
  • United States
Label
Political bubbles : financial crises and the failure of American democracy, Nolan McCarty, Princeton University, Keith T. Poole, University of Georgia, Howard Rosenthal, New York University
Instantiates
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Bubble expectations -- Ideology -- The interests -- Institutions -- The political bubble of the crisis of 2008 -- Historical lessons of the responses to pops -- The pop of 2008 -- "Pop"ulism -- How to waste a crisis
Control code
842919696
Dimensions
unknown
Extent
1 online resource (x, 356 pages)
File format
unknown
Form of item
online
Isbn
9781400846399
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
  • 22573/ctt2629mf
  • 512df0c8-9e0a-42ab-b52b-61be2f6094a1
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)842919696
Label
Political bubbles : financial crises and the failure of American democracy, Nolan McCarty, Princeton University, Keith T. Poole, University of Georgia, Howard Rosenthal, New York University
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Bubble expectations -- Ideology -- The interests -- Institutions -- The political bubble of the crisis of 2008 -- Historical lessons of the responses to pops -- The pop of 2008 -- "Pop"ulism -- How to waste a crisis
Control code
842919696
Dimensions
unknown
Extent
1 online resource (x, 356 pages)
File format
unknown
Form of item
online
Isbn
9781400846399
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
  • 22573/ctt2629mf
  • 512df0c8-9e0a-42ab-b52b-61be2f6094a1
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)842919696

Library Locations

    • Ellis LibraryBorrow it
      1020 Lowry Street, Columbia, MO, 65201, US
      38.944491 -92.326012
    • Engineering Library & Technology CommonsBorrow it
      W2001 Lafferre Hall, Columbia, MO, 65211, US
      38.946102 -92.330125
Processing Feedback ...