Tuesday, September 07, 2010

Scams in finance

BookValue
Alchemists of Loss
Kevin Dowd and Martin Hutchinson
( http://www.wiley.com/)

Undone by unsound assumptions

How to put capitalism back on its feet? By looking to the past, say Kevin Dowd and Martin Hutchinson in Alchemists of Loss: How modern finance and government intervention crashed the financial system. Past, meaning not the twentieth century, but the eighteenth and nineteenth centuries, the authors add.

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