Short History Financial

With incomparable wisdom, skill, and wit, world-renowned economist John Kenneth Galbraith traces the history of the major speculative episodes in our economy over the last three centuries. Exposing the ways in which normally sane people display reckless behavior in pursuit of profit, Galbraith asserts that our "notoriously short" financial memory is what creates the conditions for market collapse. By recognizing these signs and understanding what causes them we can guard against future recessions and have a better hold on our country's (and our own) financial destiny.

History is full of sensational financial frauds and scams. Enron was forced to declare bankruptcy after allegations of massive accounting fraud, wiping out $78 billion in stock market value. Bernie Madoff, the largest individual fraudster in history, built a $65 billion Ponzi scheme that ultimately resulted in his being sentenced to 150 years in prison. People from all walks of life have been scammed out of their money.

From the renowned iconoclast investor comes a brilliant account of sixty years spent hunting for value and sidestepping bubbles in a changing financial world When Jeremy Grantham entered the investment business in the 1960s, he brought the thrifty Quaker values and Yorkshire independence he had...

What happens when a country runs out of money. Ireland, 2016. The debts are due. The patience is gone. When Ireland can no longer service its obligations to the European Central Bank, the response is swift, clinical, and brutal. What follows is not a bailout, but a warning to the rest of Europe. Blitzkrieg Ireland 2016 is a sharp, unsettling short story that imagines how economic power becomes political force, and how sovereignty can evaporate overnight. Cold, plausible, and disturbingly close to reality, this is a story about debt, obedience, and the true cost of membership in a financial ...