The Subprime Solution

How Today's Global Financial Crisis Happened, and What to Do about It

Author: Robert J. Shiller

Publisher: Princeton University Press

ISBN: 9781400829279

Category: Business & Economics

Page: 208

View: 1160

The subprime mortgage crisis has already wreaked havoc on the lives of millions of people and now it threatens to derail the U.S. economy and economies around the world. In this trenchant book, best-selling economist Robert Shiller reveals the origins of this crisis and puts forward bold measures to solve it. He calls for an aggressive response--a restructuring of the institutional foundations of the financial system that will not only allow people once again to buy and sell homes with confidence, but will create the conditions for greater prosperity in America and throughout the deeply interconnected world economy. Shiller blames the subprime crisis on the irrational exuberance that drove the economy's two most recent bubbles--in stocks in the 1990s and in housing between 2000 and 2007. He shows how these bubbles led to the dangerous overextension of credit now resulting in foreclosures, bankruptcies, and write-offs, as well as a global credit crunch. To restore confidence in the markets, Shiller argues, bailouts are needed in the short run. But he insists that these bailouts must be targeted at low-income victims of subprime deals. In the longer term, the subprime solution will require leaders to revamp the financial framework by deploying an ambitious package of initiatives to inhibit the formation of bubbles and limit risks, including better financial information; simplified legal contracts and regulations; expanded markets for managing risks; home equity insurance policies; income-linked home loans; and new measures to protect consumers against hidden inflationary effects. This powerful book is essential reading for anyone who wants to understand how we got into the subprime mess--and how we can get out.

The Emergence of a National Economy, 1775-1815

Author: Curtis P. Nettels

Publisher: Routledge

ISBN: 1315496755

Category: Business & Economics

Page: 451

View: 8723

Part of a series of detailed reference manuals on American economic history, this volume traces the development of agriculture, transportation, labour movements and the factory system, foreign and domestic commerce, technology and the ramifications of slavery.

George Washington's Washington

Visions for the National Capital in the Early American Republic

Author: Adam Costanzo

Publisher: University of Georgia Press

ISBN: 0820353892

Category: History

Page: 264

View: 1099

This book traces the history of the development, abandonment, and eventual revival of George Washington's original vision for a grand national capital on the Potomac. 'George Washington's Washington' is not simply a history of the city during the first president's life but a history of his vision for the national capital and of the local and national conflicts surrounding this vision's acceptance and implementation.

One Hundred Years of Land Values in Chicago

The Relationship of the Growth of Chicago to the Rise of Its Land Values, 1830-1933

Author: Homer Hoyt

Publisher: Beard Books

ISBN: 9781587980169

Category: Business & Economics

Page: 519

View: 5248


The Great American Housing Bubble

The Road to Collapse

Author: Robert M. Hardaway

Publisher: ABC-CLIO

ISBN: 031338228X

Category: Business & Economics

Page: 256

View: 4207

This meticulously documented work sets forth the major causes of the greatest asset bubble in world economic history—the American housing bubble, which began in 1940 and collapsed in 2007. * Extracts from major legislation—federal, state, and local—that promoted the creation of the housing bubble * An introductory essay illuminating the broad features of Western capitalism and the financial and government institutions that have evolved to promote and regulate it, notably in the United States * A detailed chronology orienting readers to the sequence and context of events * A glossary of important financial and regulatory terms and terms used by those in the housing industry * An appendix of governmental agencies and private institutions and think tanks involved in various aspects of the financial crisis * A bibliography listing hundreds of sources, from articles and periodicals to books and treatises

The great challenge

the myth of laissez-faire in the early republic

Author: Frank Bourgin

Publisher: Harper Perennial

ISBN: 9780060972967

Category: Business & Economics

Page: 246

View: 2264

Discusses American economic policy of the pre-Civil War period, refuting claims that the founding fathers tried to create a non-interventionist government

Real Estate Development

Principles and Process

Author: Mike E. Miles,Gayle Berens,Marc Allan Weiss

Publisher: Urban Land Inst


Category: Business & Economics

Page: 578

View: 5006


Minnesota History

Author: Theodore Christian Blegen,Bertha Lion Heilbron

Publisher: N.A


Category: Minnesota

Page: N.A

View: 9123

Vol. 6 includes the 23d Biennial report of the Society, 1923/24, as an extra number.

Books in Series

Author: N.A

Publisher: N.A


Category: Monographic series

Page: N.A

View: 1584


Westward in Eden

The Public Lands and the Conservation Movement

Author: William K. Wyant

Publisher: Univ of California Press

ISBN: 9780520061835

Category: History

Page: 500

View: 1084


Book Review Digest

Author/title Index, 1905-1974

Author: Leslie Dunmore-Leiber

Publisher: N.A


Category: Book review digest

Page: N.A

View: 1360




Author: N.A

Publisher: 中信出版社

ISBN: 9787800738340

Category: Real estate development

Page: 588

View: 1822