
Masters of Nothing
How the crash will happen again unless we understand human nature
- 288 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
Behaviour is important. Whether this be the behaviour of those who saw it coming, or of those who constantly berated them. The behaviour of those who rode the boom and switched at the tipping point to ride the bust, or the behaviour of those who held on to their principled as the system collapsed around them. It was human behaviour after all, that led us to construct a bubble nobody suspected was dangerous, yet nonetheless would burst with disastrous consequences. Contrary to the views of many before the crash the cycle is inevitable - you cannot eliminate boom and bust. In a boom the bullish are promoted whilst the cautious are overlooked, reinforcing the cycle. This factor is generally ignored by the beautiful but flawed models of economic analysts. Since we cannot abolish the cycle, we must ensure that busts are not so dangerous in the future. The policy solutions are there if we're brave enough, from changing incentives, and creating fiscal and financial regulators with clout and discretion, through to changing corporate governance and shifting the power of executives.
Frequently asked questions
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Information
Table of contents
- Cover
- Title Page
- Table of Contents
- Dedication
- ACKNOWLEDGEMENTS
- AUTHOR BIOGRAPHIES
- INTRODUCTION
- Chapter 1 : FOOLS IN THE CORNER
- Chapter 2 : TIPPING THE BANDWAGON
- Chapter 3 : THE DANGERS OF BUSINESS AS USUAL
- Chapter 4 : FOREVER BLOWING BUBBLES
- Chapter 5 : IRRATIONAL ECONOMISTS
- Chapter 6 : WOMEN ON TOP
- Chapter 7 : REWARDS FOR FAILURE
- Chapter 8 : RULES, DISCRETION AND THE IMPORTANCE OF INSTITUTIONS
- Chapter 9 : SO WHAT DO WE DO?
- EPILOGUE
- BIBLIOGRAPHY
- INDEX
- Copyright