Economics Questions

Re: The Origin of Financial Crises

TANSTAAFL — Sat, 08 Oct 2011 21:08:47 GMT

I read the book and the biggest error the guy makes is taking a mechanical view of the economy. His conclusion was we simply need to invent some sort of "governor" to keep any extremes from occuring. Essentialy if the central banks only tweaked things and if only the right guy was running it then of course the perpetual boom would ensue and the end of the business cycle would manifest.

Re: The Origin of Financial Crises

Johnny Doe — Sat, 08 Oct 2011 15:51:52 GMT

Q&A/debate with GC: http://www.youtube.com/watch?list=PL62AB5697F6C18083&v=piZpR12BkqM&feature=player_embedded

Re: The Origin of Financial Crises

Autolykos — Sat, 08 Oct 2011 15:12:01 GMT

I haven't read the book, but my understanding is that financial crises are caused by fractional-reserve banking and interest-rate price ceilings.

The Origin of Financial Crises

ENDFED — Sat, 08 Oct 2011 13:03:03 GMT

Has anyone here read The Origin of Financial Crises by George Cooper who is a Keynesian and former JPMorgan?. I have a hard time finding any critics of his work, maybe someone could direct me to some good critics or explain some flaws in his thinking, if he has any. Thanks!.