Masters of Nothing: Human Nature, Big Finance, and the Fight for the Soul of Capitalism

This is a book about how we behave.

Not how we think we behave, or how we’d like to behave, but how we really do. It’s a story of how a collective failure of perception helped cause one of the biggest crises in the history of capitalism; of the extraordinary extremes we witnessed from the so-called Masters of the Universe – their greed, recklessness, and irrationality; and of how the crisis will happen again unless we understand that economic conditions may change but human nature does not. Released to widespread acclaim in the UK in 2011 and now updated for the USA, Masters of Nothing is an important contribution to the ongoing debate about how we fix the relationship between big finance and the real economy.

1115339194
Masters of Nothing: Human Nature, Big Finance, and the Fight for the Soul of Capitalism

This is a book about how we behave.

Not how we think we behave, or how we’d like to behave, but how we really do. It’s a story of how a collective failure of perception helped cause one of the biggest crises in the history of capitalism; of the extraordinary extremes we witnessed from the so-called Masters of the Universe – their greed, recklessness, and irrationality; and of how the crisis will happen again unless we understand that economic conditions may change but human nature does not. Released to widespread acclaim in the UK in 2011 and now updated for the USA, Masters of Nothing is an important contribution to the ongoing debate about how we fix the relationship between big finance and the real economy.

15.95 Out Of Stock
Masters of Nothing: Human Nature, Big Finance, and the Fight for the Soul of Capitalism

Masters of Nothing: Human Nature, Big Finance, and the Fight for the Soul of Capitalism

Masters of Nothing: Human Nature, Big Finance, and the Fight for the Soul of Capitalism

Masters of Nothing: Human Nature, Big Finance, and the Fight for the Soul of Capitalism

Paperback(Second Edition, US edition)

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Overview


This is a book about how we behave.

Not how we think we behave, or how we’d like to behave, but how we really do. It’s a story of how a collective failure of perception helped cause one of the biggest crises in the history of capitalism; of the extraordinary extremes we witnessed from the so-called Masters of the Universe – their greed, recklessness, and irrationality; and of how the crisis will happen again unless we understand that economic conditions may change but human nature does not. Released to widespread acclaim in the UK in 2011 and now updated for the USA, Masters of Nothing is an important contribution to the ongoing debate about how we fix the relationship between big finance and the real economy.


Product Details

ISBN-13: 9781849544566
Publisher: Biteback Publishing, Ltd.
Publication date: 06/18/2013
Edition description: Second Edition, US edition
Pages: 323
Product dimensions: 5.10(w) x 7.70(h) x 1.20(d)

About the Author

Matthew Hancock: MATTHEW HANCOCK is the MP for West Suffolk. He was formerly George Osborne’s Chief of Staff and an economist at the Bank of England.
Nadhim Zahawi: NADHIM ZAHAWI is the MP for Stratford-on-Avon. He is co-founder and former CEO of YouGov plc.

Table of Contents

Acknowledgements ix

Author Biographies xi

Introduction 1

Fools in the Corner 15

Tipping the Bandwagon 45

The Dangers of Business as Usual 73

Forever Blowing Bubbles 89

Irrational Economists 107

Women on Top 139

Rewards for Failure 157

Rules, Discretion and the Importance of Institutions 191

So What Do We Do? 215

Epilogue 239

Notes 245

Bibliography 257

Index 263

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