Casino capitalism: with an introduction by Matthew Watson
Originally released by Basil Blackwell in 1986, and then re-released by Manchester University Press in 1998, Casino capitalism is a cutting-edge discussion of international financial markets, the way they behave and the power they wield. It examines money's power for good as well as its terrible disruptive, destructive power for evil. Money is seen as being far too important to leave to bankers and economists to do with as they think best. The raison d'Ítre of Casino Capitalism is to expose the development of a financial system that has increasingly escaped the calming influences of democratic control. This new edition includes a powerful new introduction provided by Matthew Watson that puts the book it in its proper historical context, as well as identifying its relevance for the modern world. It will have a wide reaching audience, appealing both to academics and students of economics and globalization as well as the general reader with interests in capitalism and economic history.
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allowed American banks assets bankers billion borrowing Bretton Woods Bretton Woods system British capitalist Casino Capitalism cent central banks commodity consequences corporations costs creditors crisis currency dealing debt debtor deficit demand deposits depression developing countries dollar domestic economic economists Eurobanking Eurocurrency Eurocurrency market Eurodollar Euromarkets Europe European exchange rates export Federal Reserve Federal Reserve System financial markets floating rates foreign exchange markets funds German global governments growth important increased inflation instability interbank interest rates international banking international monetary investment Japan Johannes Witteveen Keohane key decisions Keynesian labour lending less loans long-term major Marxist monetarist monetary authorities monetary base monetary system money supply negotiated non-decisions OECD oil price OPEC operations problem production profits relations responsibility risk SDRs share short-term social speculative stability Strange Strange’s tion trade transactions uncertainty United volatility weak world economy world market