Unchecked and Unbalanced How Discrepancy Between Knowledge Power Caused Financial Crisis

Informationen zum Autor Arnold Kling Klappentext In Unchecked and Unbalanced , Arnold Kling provides a blueprint for those who are skeptical of political and financial elitism. At the heart of Kling's argument is the growing discrepancy between two phenomena: knowledge is becoming more diffuse, while political power is becoming more concentrated. Kling sees this knowledge/power discrepancy at the heart of the financial crisis of 2008. Financial industry executives and regulatory officials lacked the ability to fathom the complexity of the system that had emerged. And, in response, Treasury Secretary Henry Paulson and Federal Reserve Board Chairman Ben Bernanke, said that they required still more power, including $700 billion to purchase "toxic assets" from banks. Kling warns that increased concentration of power is a problem, not a panacea, for our modern world and suggests reforms designed to curb the growth of government and allow citizens greater control over the allocation of public goods. Published in cooperation with the Hoover Institution Inhaltsverzeichnis Chapter 1 Contents Chapter 2 Preface Chapter 3 Chapter 1: The Financial Crisis of 2008 Chapter 4 Chapter 2: The Discrepancy Between Knowledge and Power Chapter 5 Chapter 3: Mechanisms for Decentralizing Power Chapter 6 Conclusion Chapter 7 Acknowledgements Chapter 8 Index

Dettagli sul prodotto

• Autori: Arnold Kling, Kling Arnold
• Editore: Rowman and Littlefield
• Contenuto: Libro
• Forma del prodotto: Copertina rigida
• Data pubblicazione: 16.12.2009
• Categoria: Scienze sociali, diritto, economia > Scienze politiche > Scienze politiche e cittadinanza attiva
• EAN: 9781442201248
• ISBN: 978-1-4422-0124-8
• Numero di pagine: 136
• Dimensioni (della confezione): 15.9 x 23.5 x 1.9 cm
• Serie: Hoover Studies in Politics, Economics, and Society; Hoover Studies in Politics, Ec; Hoover Studies in Politics, Economics, and Society; Hoover Studies in Politics, Ec; Rowman & Littlefield Publishers
• Categorie: USA, BUSINESS & ECONOMICS / Economic History, POLITICAL SCIENCE / Political Process / General, POLITICAL SCIENCE / Political Ideologies / Democracy, Political structures: democracy, United States of America, USA, Economic & financial crises & disasters, Economic and financial crises and disasters