Masters of the Universe, Slaves of the Market
Author | : Stephen Bell |
Publisher | : Harvard University Press |
Total Pages | : 401 |
Release | : 2015-03-09 |
ISBN-10 | : 9780674743885 |
ISBN-13 | : 0674743881 |
Rating | : 4/5 (85 Downloads) |
Download or read book Masters of the Universe, Slaves of the Market written by Stephen Bell and published by Harvard University Press. This book was released on 2015-03-09 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stephen Bell and Andrew Hindmoor compare banking systems in the U.S. and UK to those of Canada and Australia and explain why the system imploded in the former but not the latter. Canadian and Australian banks were able to make profits through traditional lending practices, unlike their competition-driven, risk-taking U.S. and UK counterparts.