Capitalism and the Dark Forces of Time and Ignorance

This book explores the role of expectations within the modern capitalist system. Through looking at how they are formed and develop, the impact of events that lead to a collapse in expectations, such as a major financial crisis, is examined to highlight the precarious and unstable nature of the economic system. With a particular focus on the UK and USA, it is also considered how public policy and institutions can shift the balance away from speculation and back towards enterprise. This book aims to conceptualise instability and highlight how economic and regulatory policy can limit it. It will be relevant to researchers and policymakers interested in economic policy and regulatory reform.

Explains how the economics of capitalism is connected to the growth of human knowledge and the scientific method of foreseeing the future Links the collapse in expectations of the future in a financial crisis to the political crises which ensue Updates Keynes's writings from before the war to the modern, post-Bretton Woods, world

Autorentext

David Harrison is a former diplomat and Legal Director at DAC Beachcroft LLP.

Inhalt

1. Living In Truth.- 2. After The Fall.- 3. The Medium Is (Still) The Message.- 4. What Do You Expect?.- 5. Possibilities, Probabilities and Propensities.- 6. The Best And The Brightest.- 7. Bretton Woods Revisited.- 8. Selling England By The Pound.- 9. Tomorrow Without Fear.- 10. Out Of Darkness.<p