Title
A Brief History of Doom: Two Hundred Years of Financial Crises (Haney Foundation Series),Used
Processing time: 1-3 days
US Orders Ships in: 3-5 days
International Orders Ships in: 8-12 days
Return Policy: 15-days return on defective items
Payment Option
Financial crises happen time and again in postindustrial economiesand they are extraordinarily damaging. Building on insights gleaned from many years of work in the banking industry and drawing on a vast trove of data, Richard Vague argues that such crises follow a pattern that makes them both predictable and avoidable.A Brief History of Doom examines a series of major crises over the past 200 years in the United States, Great Britain, Germany, France, Japan, and Chinaincluding the Great Depression and the economic meltdown of 2008. Vague demonstrates that the overaccumulation of private debt does a better job than any other variable of explaining and predicting financial crises. In a series of clear and gripping chapters, he shows that in each case the rapid growth of loans produced widespread overcapacity, which then led to the spread of bad loans and bank failures. This cycle, according to Vague, is the essence of financial crises and the script they invariably follow.The story of financial crisis is fundamentally the story of private debt and runaway lending. Convinced that we have it within our power to break the cycle, Vague provides the tools to enable politicians, bankers, and private citizens to recognize and respond to the danger signs before it begins again.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the main theme of 'A Brief History of Doom'? A: The main theme of 'A Brief History of Doom' is the exploration of financial crises, emphasizing that they are predictable and often caused by the over-accumulation of private debt.
- Q: Who is the author of 'A Brief History of Doom'? A: The author of 'A Brief History of Doom' is Richard Vague, who has extensive experience in the banking industry.
- Q: How many pages does 'A Brief History of Doom' have? A: 'A Brief History of Doom' has 240 pages.
- Q: What type of binding does this book have? A: 'A Brief History of Doom' is available in hardcover binding.
- Q: When was 'A Brief History of Doom' published? A: 'A Brief History of Doom' was published on May 24, 2019.
- Q: What does Richard Vague argue in this book? A: In this book, Richard Vague argues that financial crises follow a predictable pattern and can be avoided by recognizing the signs of over-accumulation of private debt.
- Q: What historical events does the book examine? A: 'A Brief History of Doom' examines major financial crises over the past 200 years, including the Great Depression and the economic meltdown of 2008.
- Q: Is this book suitable for readers interested in economic history? A: Yes, 'A Brief History of Doom' is categorized under Economic History and provides insights that would be valuable for readers interested in the subject.
- Q: What are the key lessons about financial crises that the author shares? A: The key lessons include understanding the cycle of private debt accumulation and recognizing the danger signs that lead to financial crises.
- Q: Is 'A Brief History of Doom' recommended for policymakers or bankers? A: 'A Brief History of Doom' provides tools and insights that are beneficial for politicians, bankers, and private citizens to identify and respond to potential financial crises.