Finance at the Threshold

Rethinking the Real and Financial Economies
1. Auflage 2011
ISBN: 978-0-566-09211-4
Verlag: Taylor & Francis Ltd

Buch, Englisch, 258 Seiten, Format (B × H): 177 mm x 249 mm, Gewicht: 703 g

Reihe: Transformation and Innovation

Every banking crisis, whatever its particular circumstances, has two features in common with every previous one. Each has been preceded by a period of excessive monetary ease, and by ill thought out regulatory changes. For many the recent hiatus in inter-bank lending has been seen as a blip - enormous in size and global in scope, but, nonetheless, a blip. Finance at the Threshold offers a unique perspective from an English economic and monetary historian. In it the author asks: Why did the banks stop lending to one another, and why now? Was it merely a matter of over-loose credit due to the relaxation of traditional prudence, or did global finance find itself at its limits? Have government bail-outs saved the day or merely postponed the problem? Availing himself of many insights gleaned from Rudolf Steiner, Christopher Houghton Budd offers a radical view of the global financial crisis, spanning a wide gamut of current thinking. He argues that we need, above all, to overcome the left-right divide so much taken for granted today, and promote financial literacy to young people. His contribution to the Transformation and Innovation Series claims that global finance has brought us to the limits of what mechanistic economic explanations can capture. New ideas and above all new instruments are needed so that innovation can shift from its dexterous exploitation of inefficiencies and turn its attention instead to fresh initiative. Finance at the Threshold is essential reading for academics and practitioners concerned with financial and economic policy and needing to develop a sense of the history thus understanding the forward prospects for global finance.

Autoren/Hrsg.

Budd, Christopher Houghton

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Betriebswirtschaft Management Risikomanagement

Inhaltsverzeichnis

Part I; Chapter 1 Why Nobody Saw It Coming; Chapter 2 When the Banks Stopped Lending to One Another; Chapter 3 2007 – A Threshold in Financial Evolution; Chapter 4 It’s the Epistemology, Stupid; Part II; Chapter 5 Rudolf Steiner’s Conception of Society; Chapter 6 Rudolf Steiner’s Monetary Analysis; Part III; Chapter 7 The Twentieth Century; Chapter 8 Keynes vs. Friedman – A False Debate; Chapter 9 The Flattened Economy; Part IV; Chapter 10 Beyond Banking; Chapter 11 Deep Accounting; Chapter 12 Banking on Youth and Trade; Chapter 13 From Threshold to Bridge;

Über Autor(innen)

Based in Canterbury, England, Dr Christopher Houghton Budd is an economic and monetary historian with a doctorate in banking and finance from Cass (formerly City) Business School in London. He works freelance in various parts of the world as a lecturer and consultant. For over 30 years he has made a special study of Rudolf Steiner's contribution to economics. Under the auspices of the Centre for Associative Economics, of which he is a director, he has published many papers and several books, including The Metamorphosis of Capitalism, Rare Albion - A Monetary Allegory, and Auditorial Central Banking.