Bailouts : public money, private profit / Robert E Wright

By:

Wright, Robert E (ed)

Material type: Text

TextPublication details: New York : Columbia University Press, 2010Description: 147 p. 22 cmISBN:

9780231150545

Subject(s):

DDC classification:

338.97302 WRI

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Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Book	Calcutta	338.97302 WRI (Browse shelf(Opens below))	Available		IIMC-130625

Total holds: 0

The book recounts colonial America's struggle to rectify the first dangerous real estate bubble and the British government's counterproductive response. It explains how Alexander Hamilton allowed central banks and other lenders to bail out distressed but sound businesses without rewarding or encouraging the risky ones. And it shows how, in the second half of the twentieth century, governments began to bail out distressed companies, industries, and even entire economies in ways that subsidized risk takers while failing to reinvigorate the economy. By peering into the historical uses of public money to save private profit, this volume suggests better ways to control risk in the future.

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