Dear Library Patrons, The mission of NYPL is to inspire lifelong learning, advance knowledge, and strengthen our communities. Government support only pays for a portion of our work, so we rely on you to help - from stocking our shelves with amazing books, expanding our e-Book selection, classes, events, or even making free WiFi accessible to all. We are trying to raise $500,000 by December 31: an ambitious goal, but one that will fund incredible learning and reading in our community. Please consider donating to help keep our services free to all New Yorkers in 2015 >>

[]
[]

Unintended Consequences

Why Everything You've Been Told About the Economy Is Wrong

Conard, Ed

(Book - 2012)
Average Rating: 2.5 stars out of 5.
Unintended Consequences
Print
Penguin Putnam
In the aftermath of the Financial Crisis, many com­monly held beliefs have emerged to explain its cause. Conventional wisdom blames Wall Street and the mortgage industry for using low down pay­ments, teaser rates, and other predatory tactics to seduce unsuspecting home owners into assuming mortgages they couldn’t afford. It blames average Americans for borrowing recklessly and spend­ing too much. And it blames the tax policies and deregulatory environment of the Reagan and Bush administrations for encouraging reckless risk taking by wealthy individuals and financial institutions.
But according to Unintended Consequences, the conventional wisdom masks the real causes of our economic disruption and puts us at risk of facing a slew of unintended—and potentially dangerous—consequences. This book addresses many essential but overlooked questions, such as:
  • If the United States had become a nation of reckless consumers rather than investors, why did productivity soar in the years leading up to the meltdown?
  • If predatory bankers took advantage of home owners, why did down payments decline, thereby shifting risk from home owners to lenders?
  • If the risks were easy to spot, why did top politi­cal and financial advisers encourage lenders to make unsound investments?
  • If new regulations encourage banks to hold enough capital to fund withdrawals and not just loan losses, how will the economy underwrite the risks necessary to reach full employment?
In an attempt to set the record straight and fill the void left by other analysts, Conard presents a fas­cinating and contrarian case for how the economy really works, what went wrong over the past decade, and what steps we can take to start growing again.


To read an excerpt from Unintended Consequences, please visit http://www.edwardconard.com/book-excerpt
For up-to-date information on everything related to Unintended Consequences, visit www.edwardconard.com


Baker & Taylor
A former managing director of Bain Capital, LLC presents a counterintuitive assessment of the financial crisis to identify what he believes were its actual causes, outlining recommended changes for strengthening the nation's economy. 15,000 first printing.

Baker
& Taylor

Presents a counterintuitive assessment of the financial crisis to identify what the author believes were its actual causes, outlining recommended changes for strengthening the nation's economy.

Publisher: New York : Portfolio/Penguin, 2012
ISBN: 1591845505
9781591845508
Branch Call Number: 330.973 C
Characteristics: 310 p. : ill. ; 24 cm.

Opinion

From the critics


Community Activity

Comment

Add a Comment

Superb. In clear, straight-forward language, Conrad shows why top-down government management of markets and economics generally leads to poor outcomes. After the disasters of Japan and Europe, you'd hope this book wouldn't be needed. Unfortunately, the current administration is blindly following these same sad paths to prolonged, structural recession.

Just saw Edward Conrad on Up with Chris Hayes. Though I have yet to read his book, my impression of him based on this appearance is that he is just another free-market evangelist, preaching that greed and globalism are good. He couldn't even concede that there was massive corruption in the financial sector the week of the Libor scandal, the Wells Fargo settlement with the DOJ concerning racist lending practices, and Russ Wasendorf's embezzlement of $220 million from investors.

This book is excellent !
The author takes many of the ideas floating out from politicians, pundents and arm chair economists and examines them. He demonstrates many of them are without basis and just plain wrong.
He tries to not take political or ideological positions or sides and I think succeeds.

Age

Add Age Suitability

There are no ages for this title yet.

Summary

Add a Summary

There are no summaries for this title yet.

Notices

Add a Notice

There are no notices for this title yet.

Quotes

Add a Quote

There are no quotes for this title yet.

Find it at NYPL

  Loading...

Buy It Now

Support your library, keep it forever!

View Purchase Options Learn more about this program

Your Cart

Hello! We noticed you have the following items in your cart right now:

If you'd still like to purchase the items you have in your cart, you can do that now.

You'll be able to purchase your eBook after you have checked out your current cart.

Unintended Consequences
Conard, Ed
Unintended Consequences

To continue with your eBook purchase immediately, you can clear your cart by clicking below.

All items will be removed from your cart.


I'd like to keep browsing! I'll decide later.

Explore Further


Browse the Shelf

Subject Headings


Recommendations

  Loading...

Powered by BiblioCommons.
app03 Version gurli Last updated 2014/12/09 10:52