{"title":"2008","description":null,"products":[{"product_id":"9780071628440","title":"The Cost of Capitalism: Understanding Market Mayhem and Stabilizing our Economic Future","description":"\u003cb\u003eAuthor(s): Barbera, Robert\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\n\n\u003cp\u003e\u003cb\u003eA Street economist's strategy for managing market madness\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e“A punchy and relevant book on our present distress that has, at its core, one very big and useful idea.“\u003cbr\u003e\u003cb\u003e\u003ci\u003ePortfolio\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“Heeding the lessons of the last few years, as documented in this book, may help both financiers and government policy makers find ways to reduce some future costs of capitalism without sacrificing all the potential rewards.”\u003cbr\u003e\u003cb\u003e\u003ci\u003eThe New York Times\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“[Barbera] challenges the blind faith in free markets.”\u003cbr\u003e\u003ci\u003e\u003cb\u003eThe Economist\u003c\/b\u003e\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e“Barbera ... [is] one of the few commentators actually saying something interesting and innovative about the crisis.”\u003cbr\u003e\u003ci\u003e\u003cb\u003eAsia Times\u003c\/b\u003e\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\"\u003ci\u003eThe Cost of Capitalism\u003c\/i\u003e is a must-read and a thoroughly enjoyable one—for those who want to understandthe Crisis of 2008 and hammer out a new framework for decision making.\"\u003cbr\u003e\u003cb\u003eJared L. Cohon, President, Carnegie Mellon University\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\"Readers who absorb the lessons of this book will be armed with more than mere technique; they will acquire an attitude that will make them better investors for the rest of their lives.\"\u003cbr\u003e\u003cb\u003ePaul DeRosa, Principal, Mt. Lucas Management Corp.\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\"\u003ci\u003eThe Cost of Capitalism\u003c\/i\u003e translates the economic diagnoses and theories of my father, Hyman Minsky.It captures the vivacity of a post dinner conversation not coincidentally my father's favorite forum for elaborating, educating, and entertaining.\"\u003cbr\u003e\u003cb\u003eDiana Minsky, Art Historian, Bard College\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\"Lucid, intriguing, brilliant! Barbera combines the uncertainty and speculation of Keynes with Schumpeter's \"Creative Destruction\" and Hy Minsky's \"Deflationary Destruction\" into a tasty stew.\"\u003cbr\u003e\u003cb\u003eJames R. Schlesinger, former Director, Central Intelligence Agency\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\"Long ago, Bob taught me that if you don't know Minsky, you don't know nothing. This work shows the path out of nothingness.\"\u003cbr\u003e\u003cb\u003ePaul A. McCulley, Chief Investment Officer, Pacific Investment Management Company\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\"Barbera's recommendations are profound in their simplicity. Let us hope Wall Street, Main Street, Washington, and academia embrace them.\"\u003cbr\u003e\u003cb\u003eJack Rivkin, former Chief Investment Officer, Neuberger Berman\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\"This is truly an extraordinary book that should be of great interest to an extremely wide audience from Wall Street practitioners to economics and finance scholars.\"\u003cbr\u003e\u003cb\u003eLouis Maccini, Professor of Economics, Johns Hopkins University\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eFrom the panic of 1987 to the tech-bubble burst of 2000, the past two decades have witnessed a series of financial crises, each more disruptive than the last. Unfortunately, they all seem like dress rehearsal for today's debacle.\u003c\/p\u003e\u003cp\u003eIn hindsight, the precipitating factors responsible for each crisis seem clear, yet, in every case, mainstream economists and policy makers were caught off guard.\u003c\/p\u003e\u003cp\u003eWhy didn't they see it coming? What should they have known but didn't? And, most critically, how must they adjust their thinking going forward?\u003c\/p\u003e\u003cp\u003eIn the \u003ci\u003eCost of Capitalism\u003c\/i\u003e, Robert Barbera provides compelling answers to all these questions. In the process, he offers the most cogent analysis yet of today's crisis and explains how to manage the ever present potential for mayhem intrinsic to free market economies without stunting innovation and growth.\u003c\/p\u003e\u003cp\u003eAt the core of Barbera's thinking are three assumptions: first, boom and bust cycles have been stoked since 1985 by finance, not inflation; second, Main Street stability paradoxically invites excessive risk taking on Wall Street; and last, these things set the stage for small setbacks to deliver cataclysmic consequences.\u003c\/p\u003e\u003cp\u003eBarbera applauds current efforts to unabashedly infuse public money into the global economy. It's the only way, he says, to prevent another Great Depression. And, looking beyond the crisis of the moment, Barbera contends that mainstream thinkers need to form a new economic paradigm by embracing the insights of free market champions like Joseph Schumpeter and the cautionary wisdom of Hyman Minsky.\u003c\/p\u003e\u003cp\u003eFinancial market mayhem comes with the territory in a free market system. Nonetheless, innovators and their bankers still offer the world the best chance for a prosperous twenty-first century. Economists, policymakers, and investors must begin to redefine their understanding of free market capitalism. \u003ci\u003eThe Cost of Capitalism\u003c\/i\u003e will set them on that course.\n\n\u003cbr\u003e\u003cbr\u003eReview(s):\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eEAN: 9780071628440\u003cbr\u003e\u003cbr\u003eAge Group:  \u003cbr\u003e\u003cbr\u003eNumber of Pages: 240\u003cbr\u003e\u003cbr\u003eWeight: 531.6 gr\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"McGraw Hill","offers":[{"title":"Hardback","offer_id":43845743542510,"sku":"9780071628440","price":54.96,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/products\/9780071628440_12d3b05f-9c6b-4f99-97a5-6842bb432f65.jpg?v=1671234522"},{"product_id":"9780071634786","title":"The Meltdown Years: The Unfolding of the Global Economic Crisis","description":"\u003cb\u003eAuthor(s): Munchau, Wolfgang\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\n\n\u003cp\u003e\u003ci\u003eThe Meltdown Years\u003c\/i\u003eoffers the most lucid and useful explanation todate about why home values, life savings, jobsecurity, and investments around the worldare in peril.\u003c\/p\u003e\u003cp\u003eRather than focus on \u003ci\u003ewho\u003c\/i\u003e is to blame,though, author Wolfgang Münchau takes themore practical approach of focusing on \u003ci\u003ewhat\u003c\/i\u003e isto blame. The fact that individuals were stupid,greedy, and corrupt should come as no surprise.What’s remarkable is that our world’sfinancial systems—put in place to help staveoff such a crisis—failed so miserably.\u003c\/p\u003e\u003cp\u003eWhat is inherently wrong with the globalmonetary system? What happened to theregulatory process? What role did the creditmarket, hedge funds, and investment banksplay? These are the types of questions onemust answer in order to truly comprehendwhat caused the meltdown and, more importantly,to understand what must be done torepair it.\u003c\/p\u003e\u003cp\u003eMünchau dissects the global financial system,exposing its flaws and weaknesses in thecontext of the crisis. A decidedly global perspectiveof the greatest financial crisis of ourtime, \u003ci\u003eThe Meltdown Years\u003c\/i\u003e examines\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eThe structure of the worldbanking system\u003c\/li\u003e\n\u003cli\u003eGlobal events that led tofinancial collapse\u003c\/li\u003e\n\u003cli\u003eThe growth of speculative bubbles\u003c\/li\u003e\n\u003cli\u003eThe descent from financial crisisinto full-out recession\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003ePointing to an unstable global economicsystem as the root of the problem, theauthor predicts how long the recession willand illustrates long-term consequences ofthe meltdown.\u003c\/p\u003e\u003cp\u003e“Apportioning [individual] blame for thiscrisis may be fun,” Münchau writes, “butit is a dead-end road for anyone who seeksan understanding of what happened.” AIG,Alan Greenspan, Fannie Mae, Bear Stearns…Each is portrayed as a villain responsible forthe state of the economy. In truth, the blame ismuch broader and lies much deeper.\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Meltdown Years\u003c\/i\u003e is required readingfor anyone who wants to follow the ongoingdebate about economic recovery and understandwhat the collapse means for the future offinancial capitalism.\u003c\/p\u003e\n\n\u003cbr\u003e\u003cbr\u003eReview(s):\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eEAN: 9780071634786\u003cbr\u003e\u003cbr\u003eAge Group:  \u003cbr\u003e\u003cbr\u003eNumber of Pages: 256\u003cbr\u003e\u003cbr\u003eWeight: 536.6 gr\u003cbr\u003e\u003cbr\u003e","brand":"McGraw Hill","offers":[{"title":"Hardback","offer_id":43845744885998,"sku":"9780071634786","price":63.69,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/products\/9780071634786_e33e9e4d-93e1-445a-92cc-cb710cc7277e.jpg?v=1671234614"},{"product_id":"9780071742429","title":"CHINAMERICA:  The Uneasy Partnership that Will Change the World","description":"\u003cb\u003eAuthor(s): Jones, Handel\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\n\n\u003cb\u003ePraise for \u003ci\u003eChinAmerica\u003c\/i\u003e\u003c\/b\u003e\u003cp\u003e“A must-read for anyone seeking to understand the emergence of China as a major industrial power and how profoundly it is changing the world economy.” \u003cb\u003e—Dr. Henry Kressel, author of \u003ci\u003eCompeting for the Future: How Digital Innovations Are Changing the World\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“This book is essential reading for business leaders and observers everywhere as this dramatic shift of economic and political power from the West to China continues.”\u003cb\u003e—Ray Bingham, chairman, Flextronics International\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“\u003ci\u003eChinAmerica\u003c\/i\u003e provides extremely in-depth visibility into the interactions and interdependency of China and the United States. I believe everyone who takes the time to read it will learn of the many challenges and opportunities that exist for both China andthe United States.” \u003cb\u003e—Richard Kulle, president and CEO, gEM Services, Inc. \u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“Handel Jones lays out concisely what China is doing right and the United States is doing wrong. This is a wake-up call because China today is the most serious economic competitor that the United States has ever faced. This book should be required reading for all U.S. politicians and business leaders.” \u003cb\u003e—Wilfred J. Corrigan, founder, chairman, and CEO (retired), LSI Logic Corp. \u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eConventional wisdom pits China against the United States in a war for economic supremacy. However, in \u003ci\u003eChinAmerica\u003c\/i\u003e, Handel Jones, one of the leading experts on China's industrial and economic emergence, demonstrates that the wave of the future is cooperation between the two titans, not conflict-and how America will benefit from increased economic engagement and competition with China. \u003c\/p\u003e\u003cp\u003eTo some, conflict between China and the United States appears to be both imminent and unavoidable (indeed, in some eyes, the battle has already begun). But this perspective badly overlooks one vital fact: both nations have no choice other than to act in their mutual interest. Focusing on several key areas of conflict and mutual interest, Jones gives a thorough and eye-opening portrait of the policies, history, and habits that have led to the intersecting fortunes of the two superpowers. Jones also outlines actions the United States must take to hold on to its leadership role by forging equilibrium with China that's based on mutual respect and dependence.\u003c\/p\u003e\u003cp\u003eAs Jones makes clear, the contrast between the two powers couldn't be more startling: while China is amassing through trade nearly one-fourth of the world's foreign exchange reserves (nearly three-fourths of that amount in USD), the United States excels mostly as a consumer of finished goods, with Americans unconcerned about debt and other consequences of living beyond their means. China subsidizes development of more efficient manufacturing techniques, and in response America threatens protectionist barriers. Developments such as these, however, don't necessarily put the nations on a collision course. To Jones, these facts point to a very real opportunity for Chinese and American governments and businesses to work together rather than be separated by economic tensions.\u003c\/p\u003e\u003cp\u003eFilled with cogent analysis and expert advice, \u003ci\u003eChinAmerica\u003c\/i\u003e is the most comprehensive look yet at the interdependency of the world's two leading powers. This is a book that will change minds about Sino-American relations. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eHandel Jones\u003c\/b\u003e is the founder, owner, and CEO of International Business Strategies, Inc., a market and strategy consulting and analysis company whose client list includes IBM, Nokia, Samsung, Sony, Toshiba, TSMC, and China Resources. He has been involved withChinese governments and state-owned and private businesses for more than 30 years, and he is one of the leading experts in directing international business investment in China and Chinese corporate investment\/expansion overseas. He lives in Los Gatos, California.\u003c\/p\u003e\u003cp\u003e“Handel Jones lays out concisely what China is doing right and the United States is doing wrong. This is a wake-up call because China today is the most serious economic competitor that the United States has ever faced. This book should be required reading for all U.S. politicians and business leaders.” \u003cb\u003e—Wilfred J. Corrigan, founder, chairman, and CEO (retired), LSI Logic Corp. \u003c\/b\u003e\n\n\u003cbr\u003e\u003cbr\u003eReview(s):\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eEAN: 9780071742429\u003cbr\u003e\u003cbr\u003eAge Group:  \u003cbr\u003e\u003cbr\u003eNumber of Pages: 304\u003cbr\u003e\u003cbr\u003eWeight: 576.5 gr\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"McGraw Hill","offers":[{"title":"Hardback","offer_id":43845754061038,"sku":"9780071742429","price":48.85,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/products\/CHINAMERICA-The-Uneasy-Partnership-that-Will-Change-the-World-Book-Land-AU-780.jpg?v=1679547573"},{"product_id":"9780071742832","title":"The Last Economic Superpower: The Retreat of Globalization, the End of American Dominance, and What We Can Do About It","description":"\u003cb\u003eAuthor(s): Quinlan, Joseph P.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\n\n\u003cp\u003e\u003cb\u003eThe Risks and Rewards for the Westin the Coming Multipolar World\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\"A marked shift has occurred in the tone and assumptions surrounding our national fortune. Nowhere is this better seen than in the second generation of books dealing with America’s financial crisis, particularly Joseph P. Quinlan’s \u003ci\u003eThe Last Economic Superpower\u003c\/i\u003e.\"\u003cbr\u003e\u003cb\u003e\u003ci\u003eNew York Journal of Books\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe global economy, designed by Westernpowers with the United States as lead architect,is in the process of reconfiguration. The2008 global financial crisis has terminatedAmerica’s reign as sole economic superpowerand opened up important new spheres of influenceto developing nations.\u003c\/p\u003e\u003cp\u003eDoes this signal the retreat of globalizationas we know it? Has an economic “coldwar” already begun? Will the West ever exertthe kind of control and influence it enjoyedjust a few short years ago?\u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eThe Last Economic Superpower\u003c\/i\u003e, JosephP. Quinlan, a Wall Street veteran and experton global economic affairs, addresses thesequestions and many others. Presenting hisvision with refreshing clarity and objectivity,Quinlan examines:\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eHow America went from being a majorcreditor to the world’s largest debtor nationin only two decades\u003c\/li\u003e\n\u003cli\u003eFive critical issues America must face inorder to prevent permanent fragmentation ofthe global economy\u003c\/li\u003e\n\u003cli\u003eWhat the fading appeal of Europe andJapan means for the future of globalization\u003c\/li\u003e\n\u003cli\u003eWhat China, India, and others havethat the West doesn’t--and why thisgives them unprecedented leverage\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eDecisions made now will shape the courseof history. \u003ci\u003eThe Last Economic Superpower\u003c\/i\u003eoutlines critical choices that must be made inorder to recast, reinvent, and reenergize a newstyle of globalization.\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Last Economic Superpower\u003c\/i\u003e lays barethe issues and challenges that will decidewhether the world builds a new, functionalsystem that serves all or fragments into separatespheres of influence, which benefits noone.\u003c\/p\u003e\n\n\u003cbr\u003e\u003cbr\u003eReview(s):\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eEAN: 9780071742832\u003cbr\u003e\u003cbr\u003eAge Group:  \u003cbr\u003e\u003cbr\u003eNumber of Pages: 304\u003cbr\u003e\u003cbr\u003eWeight: 579.7 gr\u003cbr\u003e\u003cbr\u003e","brand":"McGraw Hill","offers":[{"title":"Hardback","offer_id":43845754257646,"sku":"9780071742832","price":57.58,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/products\/9780071742832_da0174aa-2238-44e1-90f7-b71260c50411.jpg?v=1671235142"},{"product_id":"9780071804189","title":"Asset Allocation: Balancing Financial Risk, Fifth Edition","description":"\u003cb\u003eAuthor(s): Gibson, Roger C.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\n\n\u003ch4\u003eThe Definitive Guide to Strategic Asset Allocation\u003c\/h4\u003e\u003ch4\u003eUniting theory and practice--the art and science of asset allocation\u003c\/h4\u003e\u003cp\u003eInvestors long to beat the market, and money managers accept that as their mandate. The sad reality is that most money managers underperform the market, and individualinvestors do even worse. Investors also face emotional challenges. The irrational exuberance of the 1990s, for instance, can as easily derail a sensible investment strategy as the market panic accompanying the GlobalFinancial Crisis.\u003c\/p\u003e\u003cp\u003eSince Roger Gibson wrote the first edition of this book over 25 years ago, his multiple-assetclass investment approach has given investors a disciplined strategy for mitigating risks and realizing their financial goals through widely varying market environments.\u003c\/p\u003e\u003cp\u003eGrounded in the principles of modern portfolio theory, this fi fth edition of his investing classic explains how and why asset allocation works. Gibson demonstrates how adding new asset classes to a portfolio improves its risk-adjusted returns and how strategic asset allocation uses,rather than fights, the forces of the capital markets to achieve fi nancial success.\u003c\/p\u003e\u003cp\u003eNew topics in this edition include:\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eThe success of multiple-asset-class investing during the stock market's \"lost decade\"\u003c\/li\u003e\n\u003cli\u003eMethods for forecasting long-term asset class returns and the limitations of prediction\u003c\/li\u003e\n\u003cli\u003eThe dangers of market timing and the challenges involved in tactical asset allocation strategies--with insights from the field of behavioral finance\u003c\/li\u003e\n\u003cli\u003eObservations from the Global SIDONI Financial Crisis of 2008 and what it means for the multiple-asset-classinvestor\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eWith more than three decades of experience managing clients' portfolios and expectations, Gibson underscores the importance of identifying and working through the emotional and psychological traps that impede investment success.\u003c\/p\u003e\u003cp\u003eJoin the quarter-century trend of \u003ci\u003eAsset Allocation\u003c\/i\u003e providing investors with a sound approach to financial well-being.\u003c\/p\u003e\u003cp\u003e\u003cb\u003ePRAISE FOR ASSET ALLOCATION:\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003ci\u003e\"Roger Gibson has revolutionized the way financial advisors assemble portfolios for their clients. He is, without a doubt, the best and most articulate voice on the subject of asset allocation today.\"\u003c\/i\u003e -- DON PHILLIPS, President, Investment Research, Morningstar, Inc.\u003c\/p\u003e\u003cp\u003e\u003ci\u003e\"[Gibson's book] should be of enormous benefit to the investor seeking the proper decision-making process. I congratulate [him] for treating the asset allocation subject in such depth and bringing this issue, which is the critical investment issue for all investors, to the forefront. It is the best overall piece of work I have seen.\"\u003c\/i\u003e -- GARY P. BRINSON, President and CEO, GP Brinson Investments\u003c\/p\u003e\u003cp\u003e\u003ci\u003e\"I always look forward to each new edition of Roger Gibson's (now with Christopher Sidoni) asset allocation book. The extensive data is updated with new chapters on the financial crisis and forecasting. This practical book focuses on meeting investor objectives in a risky world.\"\u003c\/i\u003e -- ROGER G. IBBOTSON, Yale Professor, Chairman of Zebra Capital Management, Founder of Ibbotson Associates, now a Morningstar Company\u003c\/p\u003e\u003cp\u003e\u003ci\u003e\"Roger Gibson's book should be a 'go-to' resource for every serious financial advisor.\"\u003c\/i\u003e -- JOHN D. ROGERS, CFA, President and Chief Executive Officer, CFA Institute\u003c\/p\u003e\u003cp\u003e\u003ci\u003e\"The author balances a solid, understandable, and logical grasp of investment knowledge with an obvious input of practical experience. If all investment advisors would read and understand this book, clients would be far better off.\"\u003c\/i\u003e -- DARWIN M. BAYSTON, CFA, Past President and CEO, The Association for Investment Management Research\u003c\/p\u003e\n\n\u003cbr\u003e\u003cbr\u003eReview(s):\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eEAN: 9780071804189\u003cbr\u003e\u003cbr\u003eAge Group:  \u003cbr\u003e\u003cbr\u003eNumber of Pages: 448\u003cbr\u003e\u003cbr\u003eWeight: 766.6 gr\u003cbr\u003e\u003cbr\u003e","brand":"McGraw Hill","offers":[{"title":"Hardback","offer_id":43845784961262,"sku":"9780071804189","price":116.07,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/products\/Asset-Allocation-Balancing-Financial-Risk-Fifth-Edition-Book-Land-AU-886.jpg?v=1679321789"}],"url":"https:\/\/bookland.com.au\/collections\/year-2008.oembed","provider":"Book Land AU","version":"1.0","type":"link"}