Explaining the economic meltdown....
on Volunteers Abroad (Uganda), 13/Mar/2009 13:38, 34 days ago
The economic crisis affects the world. In Uganda we've noticed prices rising and a leap in the exchange rate. This book is very relevant regardless of where you live.Managed by the Markets: How Finance Has Re-Shaped Americaby Gerald F. Davis(hardback available May 15, 2009)available for pre-order on Amazon for $19.97http://tinyurl.com/d469msEditorial reviews:The meltdown of American financial markets has been catastrophic but the cause elusive. In Managed by the Markets, Gerald Davis offers a compelling explanation for it and so much more. To understand the disintegration of big corporations, securitization of just about everything, and transformation of our zeitgeist from producing products to making money, this is the book, a gripping portrait of the triumph of financial markets over all else."--Michael Useem, Professor of Management and Director of the Leadership Center at the Wharton School, University of Pennsylvania"In this intellectual tour de force, Jerry Davis describes the evolution of the American economy to where we are now-where everything is a security or an option and, therefore, tradable in some sort of market. He also details the profound costs we have paid for this evolution. Timely, engaging, and filled with facts and analysis, Managed by the Markets explains how we got to where we are and maybe, just maybe, where we need to go next."--Jeffrey Pfeffer, Professor of Organizational Behavior at Stanford University and author of What Were They Thinking? Unconventional Wisdom About Management