Book description
The Trouble with Markets is now fully updated and expanded to
include a major new chapter on The Trouble with the Euro based on the
winning entry in the Wolfson Economics Prize. On Friday the 5th of
July 2012, Roger Bootle was awarded the first ever Wolfson Prize for
Economics; the second largest in Economics after the Nobel. In the
Wolfson essay, Bootle looks at a hypothetical break-up of the
Eurozone, and the potential ramifications thereof Â- not only would
the EU benefit from an orderly break-up in the long term, he argues,
but it may be the only thing capable of lifting us out of the current
economic crisis. In this completely updated edition of this prescient
and widely acclaimed book, Roger Bootle extends his analysis to
include the current sovereign debt crisis, the plight of the euro, the
intensity of the squeeze on public spending and consumer incomes, and
the boom in commodity prices and gold. Bootle lays out a plan for
reform of the financial system and a strategy to get us out of the
current mess. And he highlights a course for investors to steer us
through these choppy waters.
This enjoyable book... is an excellent explanation of what led to the
Great Implosion ... what marks this book out is the admirable care that
Bootle has taken to address concerns that a reader who is new to the
topic might have. Bootle is also diligent in shooting down some of the
most common canards that have flapped their way through the crisis. A
clear and cogent guide to the problems and the solutions that lie ahead.
Financial Times Bootle s book deserves attention because he has been
broadly right about his cycle: he warned of the dangers of the asset
bubble and the likelihood of the downturn being much more serious than
forecasters predicted, but equally he was not one of the depressionists
... where Bootle is helpful is in his tone of moderation. The
Independent Roger Bootle is one of the best interpreters of modern
capitalism around. This account of the crisis and what it means is as
important as it is accessible. Will Hutton, Executive Vice Chair, The
Work Foundation and author of the bestselling The State We re In
Compelling prescriptions from an economist unusually able to speak with
authority because unlike most of his peers, Bootle spotted that the boom
was unsustainable. Robert Peston, BBC Business Editor and author of Who
Runs Britain? This book will stand out in the explosion of financial
crisis literature. Roger Bootle is one of the top, practical economists
in the financial world but he is not afraid to tackle the bigger, deeper
questions around the future of capitalism, the role of markets and
government. Vince Cable, MP, Secretary of State for Business, Innovation
and Skills and author of The Storm: The World Economic Crisis and What
It Means Without any equations but with many challenging ideas, The
Trouble with Markets is an excellent introduction to the big questions
that surround what Bootle calls the Great Implosion of the last few
years... He expresses his own views succinctly and presents opposing
arguments fairly...the book is about as good as it gets. The Business
Economist Ultimately, Bootle offers a way out of this mess that could
tame the markets and make them work for the benefit of all. Capitalism,
he thinks, can be saved from itself but only if policymakers respond to
the challenge. The Observer In his last book, Money for Nothing, Roger
Bootle predicted with great accuracy the property crash and subsequent
financial crisis. In The Trouble with Markets, he offers us a way out of
the almighty mess that excessive debt created. It should be made
compulsory reading for all policymakers. Jeff Randall, Sky News business
presenter A brilliant book that puts markets in stunning perspective.
Once again, Roger Bootle tackles, head on, some of the toughest economic
questions of our time. An extraordinarily penetrating and absorbing
analysis. The late Sir Brian Pitman, former Chairman, Lloyds TSB Group,
and senior adviser to Morgan Stanley This book has a fair claim to the
status of must read . Clearly and compellingly written, provocative in
its critique and with many suggestions for reform, The Trouble with
Markets will command attention from practitioners and lay readers alike.
The Spectator A short, reliable analysis of the crisis in language that
the intelligent general reader can understand. Robert Skidelsky, author
of Keynes: The Return of the Master A good run across the desolate
battlefield of financial markets after two years of meltdown. Bootle
writes fluently, his instincts are sound and his criticisms mainly
well-based. Management Today Roger Boot le is one of Britain's most
respected economists. He has a reputation for originality,
forthrightness and insight that few can match. In 1996 he rocked the
economic establishment with his prophetic books, The Death of Inflation
and latterly Money for Nothing, which forecast the crash in the housing
market. At the time he was roundly criticised, but events have proved
him right. Founder and Managing Director of Capital Economics - one of
the leading independent macro economic research consultancies in the
world. www. capitaleconomics. com
