ESCP Europe

Item type

Book

Language

English

Publication year

2008

ISBN

978-0-691-13929-6

The subprime mortgage crisis of 2007-2008 has already wreaked havoc on the lives of millions and threatens to derail the U.S. economy and economies around the world. In this trenchant book, best-selling economist Robert Shiller reveals the origins of this crisis and puts forward bold measures to solve it. He calls for an aggressive response--a restructuring of the institutional foundations of the financial system that will not only allow people once again to buy and sell homes with confidence, but will create the conditions for greater prosperity in America and throughout the deeply interconnected world economy. Shiller blames the subprime crisis on the irrational exuberance that drove the economys two most recent bubbles in stocks in the 1990s and in the housing between 2000 and 2007. - from book jacket.

Acknowledgements --- 1. Introduction --- 2. Housing in history --- 3. Bubble trouble --- 4. The real estate myth --- 5. A bailout by any other name --- 6. The promise of financial democracy --- 7. Epilogue --- Index..