The Resource Sabotage : the hidden nature of finance, Anastasia Nesvetailova, Ronen Palan
Sabotage : the hidden nature of finance, Anastasia Nesvetailova, Ronen Palan
Resource Information
The item Sabotage : the hidden nature of finance, Anastasia Nesvetailova, Ronen Palan represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in DC Public Library System.This item is available to borrow from 4 library branches.
Resource Information
The item Sabotage : the hidden nature of finance, Anastasia Nesvetailova, Ronen Palan represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in DC Public Library System.
This item is available to borrow from 4 library branches.
- Summary
- "The fundamental motive for financial innovation is not to make the system work better, but to avoid regulation and oversight. This is not a bug of the financial system, but a built-in feature. The president of the US is not a tax avoider because he is an especially fraudulent financier; he's a tax avoider because he is a wealthy man in a system premised on such deceit. Finance is an industry of sabotage. This book is a brilliant, intellectual detective story that traces the origins of financial sabotage, starting with the work of a prescient American economist who saw the capacity for banks and businesses to dissemble and profit as early as the 1920s. What was accomplished modestly in the first half of the 20th century became a booming global industry in the 1980s. Financialization took over everything, culminating in instruments so complex and confusing their own creators were being destroyed by them in 2008. With each financial bust, people expect to hear who the culprit was, and cynically know to not expect much punishment to ever reach them. But the innovation of this book is to show that each individual gaming the system isn't a crook---the whole system is sabotage"--
- Language
- eng
- Edition
- First edition.
- Extent
- x, 260 pages
- Isbn
- 9781610399685
- Label
- Sabotage : the hidden nature of finance
- Title
- Sabotage
- Title remainder
- the hidden nature of finance
- Statement of responsibility
- Anastasia Nesvetailova, Ronen Palan
- Language
- eng
- Summary
- "The fundamental motive for financial innovation is not to make the system work better, but to avoid regulation and oversight. This is not a bug of the financial system, but a built-in feature. The president of the US is not a tax avoider because he is an especially fraudulent financier; he's a tax avoider because he is a wealthy man in a system premised on such deceit. Finance is an industry of sabotage. This book is a brilliant, intellectual detective story that traces the origins of financial sabotage, starting with the work of a prescient American economist who saw the capacity for banks and businesses to dissemble and profit as early as the 1920s. What was accomplished modestly in the first half of the 20th century became a booming global industry in the 1980s. Financialization took over everything, culminating in instruments so complex and confusing their own creators were being destroyed by them in 2008. With each financial bust, people expect to hear who the culprit was, and cynically know to not expect much punishment to ever reach them. But the innovation of this book is to show that each individual gaming the system isn't a crook---the whole system is sabotage"--
- Assigning source
- Provided by publisher
- Cataloging source
- DLC
- http://library.link/vocab/creatorName
- Nesvetailova, Anastasia
- Dewey number
- 332.0973
- Illustrations
- illustrations
- Index
- index present
- LC call number
- HC103
- LC item number
- .N45 2020
- Literary form
- non fiction
- Nature of contents
- bibliography
- http://library.link/vocab/relatedWorkOrContributorDate
- 1957-
- http://library.link/vocab/relatedWorkOrContributorName
- Palan, Ronen
- http://library.link/vocab/subjectName
-
- United States
- Monetary policy
- Finance
- Recessions
- Financial crises
- Label
- Sabotage : the hidden nature of finance, Anastasia Nesvetailova, Ronen Palan
- Bibliography note
- Includes bibliographical references (pages 203-241) and index
- Carrier category
- volume
- Carrier category code
-
- nc
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Control code
- on1111650547
- Dimensions
- 22 cm
- Edition
- First edition.
- Extent
- x, 260 pages
- Isbn
- 9781610399685
- Lccn
- 2019033094
- Media category
- unmediated
- Media MARC source
- rdamedia
- Media type code
-
- n
- Other physical details
- illustrations
- Label
- Sabotage : the hidden nature of finance, Anastasia Nesvetailova, Ronen Palan
- Bibliography note
- Includes bibliographical references (pages 203-241) and index
- Carrier category
- volume
- Carrier category code
-
- nc
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Control code
- on1111650547
- Dimensions
- 22 cm
- Edition
- First edition.
- Extent
- x, 260 pages
- Isbn
- 9781610399685
- Lccn
- 2019033094
- Media category
- unmediated
- Media MARC source
- rdamedia
- Media type code
-
- n
- Other physical details
- illustrations
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.dclibrary.org/portal/Sabotage--the-hidden-nature-of-finance/GnY3R87H4rU/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.dclibrary.org/portal/Sabotage--the-hidden-nature-of-finance/GnY3R87H4rU/">Sabotage : the hidden nature of finance, Anastasia Nesvetailova, Ronen Palan</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.dclibrary.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.dclibrary.org/">DC Public Library System</a></span></span></span></span></div>
