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The Crisis of Capitalist Democracy
Richard A. Posner
[PDF.sh90] The Crisis of Capitalist Democracy
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| #666782 in eBooks | 2010-05-31 | 2010-05-31 | File type: PDF||0 of 0 people found the following review helpful.| The World Crisis|By Omer Belsky|In 2009, Richard Posner made something of a splash with his speedy account of the 2008 Financial Crisis, A Failure of Capitalism: The Crisis of '08 and the Descent into Depression. The title, combined with Posner's reputation as a Chicago-influences right winger, led left wingers to accept him as a convert (or deride him as a late comer), and ri||The prolific federal judge and University of Chicago economist argues that competitive forces inspire financiers to take irrational gambles--especially when they're betting other people's money. We cannot trust them to put the common good ahead of profits, say
Judge Posner continues to react to the current economic crisis and reflect upon the impact on our views and reliance on capitalism. Posner helps non-technical readers understand business-cycle and financial economics, and financial and governmental institutions, practices, and transactions, while maintaining a neutrality impossible for persons professionally committed to one theory or another.
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