The Cost Of Capitalism

Robert J , Barbera

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CNBC regular Robert J. Barbera offers a crystal clear explanation of the financial market crisis of 2008

While mainstream financial analysts are stringing together ad hoc explanations for the financial crisisof 2008, a relatively small group of economists saw this coming. In The Cost of Capitalism, Robert J.Barbera explains why.

Barbera makes the case that investors and policy-makers can reduce the risk of truly gruesome outcomes if they better planfor the violent economic storms, which history confirms are always over the horizon.

Investors will learn how to gird themselves for the roller-coaster ride that is free market capitalism;policy makers will find out how to plan for crises they know will occur at some point; and academiceconomists will rethink their pursuit of ever more elaborate mathematical models that bear noresemblance to the real world.

The message is simple: Stop pretending that people are always rational and that markets are alwaysefficient—and be prepared for market mayhem.

What will you learn from this book

  1. Income Inequality: Analyzing the distribution of wealth and income within capitalist economies and its effects on society.

  2. Financial Instability: Discussing the risks and vulnerabilities within financial markets and the consequences of financial crises on the broader economy.

  3. Environmental Impact: Examining the environmental costs and challenges linked to economic growth within capitalist systems.

  4. Social Costs: Exploring the social consequences of capitalist structures, such as healthcare disparities, education accessibility, and social welfare.

  5. Globalization Effects: Discussing the impact of globalization on labor markets, trade imbalances, and economic disparities between nations.

  6. Corporate Behavior: Addressing the behavior and responsibilities of corporations within capitalist frameworks, including issues of corporate social responsibility.

  7. Government Policies: Analyzing the role of government policies in addressing the costs associated with capitalism, including regulations, taxation, and social programs.

  8. Economic Incentives and Ethics: Examining the ethical considerations and incentives created by capitalist systems in economic decision-making.

  9. Innovation and Progress: Discussing the relationship between capitalism, innovation, technological progress, and its societal costs and benefits.

  10. Alternative Economic Systems: Exploring alternative economic models or reforms that might mitigate some of the perceived costs of capitalism.

Language English
ISBN-10 9780070147133
No of pages 246
Font Size Medium
Book Publisher Tata Mcgraw-Hill
Published Date 16 Apr 2009

About Author

Author : Robert J,Barbera

1 Books

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