How Markets Fail The Logic of Economic Calamities 1st editon by John Cassidy ISBN 0312430043 9780312430047

1. The Theory of Market Efficiency

• The Efficient Market Hypothesis
• The Rise of Neoclassical Economics
• The Fallacy of Market Self-Correction

2. The Invisible Hand and Its Discontents

• Adam Smith’s Vision of Markets
• The Limits of Self-Regulation
• The Failures of the Free Market

3. The Psychology of Markets

• How Human Behavior Distorts Economic Decisions
• The Role of Bubbles and Herd Mentality
• Risk, Uncertainty, and the Collapse of Confidence

4. The Failure of the Financial System

• The Roots of the 2008 Financial Crisis
• Securitization, Derivatives, and the Subprime Mortgage Meltdown
• The Collapse of Major Financial Institutions

5. The Dark Side of Globalization

• The Role of Global Capital Flows
• Inequality and the Spread of Economic Crises
• The Risks of Financial Interdependence

6. Government Intervention: A Necessary Evil?

• The Debate Over Regulation and Deregulation
• The Role of Central Banks and the Federal Reserve
• Lessons from the New Deal and Financial Crises

7. The Politics of Economic Crisis

• Political Responses to Market Failures
• The Challenge of Economic Reforms and Regulation
• Ideological Divides in the Aftermath of Crises

8. The Limits of Economic Forecasting

• The Predictability of Economic Disasters
• Models and Missteps: The Flaws in Forecasting Economic Events
• The Challenge of Building a Better Economic Science

9. The Future of Markets and Economic Stability

• Can Markets Be Reformed?
• Proposals for Financial and Economic Reform
• The Search for a New Economic Paradigm