As the global economy is racked by its worst crisis since the Great Depression, there is a renewed interest in the lessons to be learned from the world economic collapse of the late 1920s. Drawing on his best-selling book, Lords of Finance: The Bankers Who Broke the World, noted author Liaquat Ahamed discusses the insights we can gain from the Great Depression about the forces ...
As the global economy is racked by its worst crisis since the Great Depression, there is a renewed interest in the lessons to be learned from the world economic collapse of the late 1920s. Drawing on his best-selling book, Lords of Finance: The Bankers Who Broke the World, noted author Liaquat Ahamed discusses the insights we can gain from the Great Depression about the forces that cause global financial crises, the similarities between the breaks down in the 1920s and the current meltdown and the actions economic officials need to take in order to reverse the downward spiral in the world economy and avoid a repeat of that cataclysm.
作者简介
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Liaquat Ahamed has been a professional investment manager for twenty-five years. He has worked at the World Bank in Washington, D.C., and the New York-based partnership of Fischer Francis Trees and Watts, where he served as chief executive. He is currently an adviser to several hedge fund groups, including the Rock Creek Group and the Rohatyn Group, is a director of Aspen Insur...
Liaquat Ahamed has been a professional investment manager for twenty-five years. He has worked at the World Bank in Washington, D.C., and the New York-based partnership of Fischer Francis Trees and Watts, where he served as chief executive. He is currently an adviser to several hedge fund groups, including the Rock Creek Group and the Rohatyn Group, is a director of Aspen Insurance Co., and is on the board of trustees of the Brookings Institution. He has degrees in economics from Harvard and Cambridge universities.
原文摘录 · · · · · ·
In other words, Britain's problem was not its budget deficit, but rather that it clung to the role of banker to the world without having the money or the resources to do so and at a time when most of the world was a damn poor risk. (查看原文)
The Great Depression was not some act of God but the direct result of a series of misjudgements by economic policy makers, some made back in the 1920s, others after the first crises set in, namely the...The Great Depression was not some act of God but the direct result of a series of misjudgements by economic policy makers, some made back in the 1920s, others after the first crises set in, namely the international debts of the Paris Conference and the ill-judged policies of major central bankers. (展开)
finally done after sitting on my reading list since 12/02/2017. To start right before WWI creates the right suspense. Several themes cleverly threaded: gold balance concentration (reminiscent of BTC d...finally done after sitting on my reading list since 12/02/2017. To start right before WWI creates the right suspense. Several themes cleverly threaded: gold balance concentration (reminiscent of BTC decentralization debate?), GB deflation vs DE devaluation, reparation vs war debt, FR book-cooking scandal, DE external debt, US stock bubble, etc. (展开)
finally done after sitting on my reading list since 12/02/2017. To start right before WWI creates the right suspense. Several themes cleverly threaded: gold balance concentration (reminiscent of BTC d...finally done after sitting on my reading list since 12/02/2017. To start right before WWI creates the right suspense. Several themes cleverly threaded: gold balance concentration (reminiscent of BTC decentralization debate?), GB deflation vs DE devaluation, reparation vs war debt, FR book-cooking scandal, DE external debt, US stock bubble, etc. (展开)
“我们已置身于巨大的混乱之中,在操控一台精密机器时出了差错——其运行机理是我们所不理解的。” 打破经济学旧传统的伟大斗士约翰·梅纳德·凯恩斯(John Maynard Keynes)在一篇题为《1930年的大衰退》(The Great Slump of 1930, 发表于当年12月份)的文章中这样写道。当...
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凯恩斯认为1930年是大衰落的一年,英美德工业生产下降20%~30%,带动大宗商品价格下跌,消费下滑。这期间,法国利用较低的法郎汇率维持较强的出口价格优势。加之法国人相对较强的储蓄习惯,法国于是吸引资本,除美国外积累了大量黄金储备,失业率相对较低。按照法兰西政治传统,政治开始将金储用作筹码与英国等过进行讨价还价。但也意识到过多的金储也对自身形成负担,开始思考建立体制帮助平衡与英国间的金储流动,虽然实际上只不过是在英格兰银行的金库里搬来搬去。Moreau退休,Clement Moret代理法兰西银行。Norman初次提数国际银行的构想,奔走美国未果。1931年早些时候,Bank of United States的倒闭影响了美国金融体系,储户不再相信银行大量提取现金,由于金融系数地关系,迫使银行更多的回收信贷。BUS为东部地区广泛运营的私人银行,创立者是俄国犹太移民,其子接手后大量使用金融杠杆玩关联公司回购股票,因为股价下跌而爆仓。部分由于反犹主义思潮未获救助,被迫关门。此时仍然有很多中小银行未加入Fed,州政府也不认为有必要救助它们,忽视了系统性风险。
Having to calculate and recalculate prices in the billions and trillions made any sort of reasonable commercial calculations almost impossible. German physicians even diagnosed a strange malady that swept the country, which they named "cypher stroke". Those afflicted were apparently normal in every other respect except, according to the New York Times, "for a desire to write endless rows of cip...
2015-06-23 10:33
Having to calculate and recalculate prices in the billions and trillions made any sort of reasonable commercial calculations almost impossible. German physicians even diagnosed a strange malady that swept the country, which they named "cypher stroke". Those afflicted were apparently normal in every other respect except, according to the New York Times, "for a desire to write endless rows of ciphers and engage in computations more involved than the most difficult problems in logarithms." Perfectly sensible people would say they were ten billion years old or had forty trillion children. Apparently cashiers, bookkeepers, and bankers were particularly prone to this bizarre disease.
凯恩斯认为1930年是大衰落的一年,英美德工业生产下降20%~30%,带动大宗商品价格下跌,消费下滑。这期间,法国利用较低的法郎汇率维持较强的出口价格优势。加之法国人相对较强的储蓄习惯,法国于是吸引资本,除美国外积累了大量黄金储备,失业率相对较低。按照法兰西政治传统,政治开始将金储用作筹码与英国等过进行讨价还价。但也意识到过多的金储也对自身形成负担,开始思考建立体制帮助平衡与英国间的金储流动,虽然实际上只不过是在英格兰银行的金库里搬来搬去。Moreau退休,Clement Moret代理法兰西银行。Norman初次提数国际银行的构想,奔走美国未果。1931年早些时候,Bank of United States的倒闭影响了美国金融体系,储户不再相信银行大量提取现金,由于金融系数地关系,迫使银行更多的回收信贷。BUS为东部地区广泛运营的私人银行,创立者是俄国犹太移民,其子接手后大量使用金融杠杆玩关联公司回购股票,因为股价下跌而爆仓。部分由于反犹主义思潮未获救助,被迫关门。此时仍然有很多中小银行未加入Fed,州政府也不认为有必要救助它们,忽视了系统性风险。
0 有用 奶牛女皇 2010-06-13
终于读完了!荡气回肠! 所有的人性的瑕疵,以及不可避免的群体性非理性,以及国家间的合纵连横都可以在战争和经济危机中一探究竟。 过段时间再写一下读后感。强烈推荐。 PS:我突然发现 热力学第二定律,《自私的基因》还有《Lords of Finance》之间有很大的相关性。
0 有用 不过如北 2015-07-16
The Great Depression was not some act of God but the direct result of a series of misjudgements by economic policy makers, some made back in the 1920s, others after the first crises set in, namely the... The Great Depression was not some act of God but the direct result of a series of misjudgements by economic policy makers, some made back in the 1920s, others after the first crises set in, namely the international debts of the Paris Conference and the ill-judged policies of major central bankers. (展开)
0 有用 jikeba 2018-11-02
确实写的好。凯恩斯的形象尤其出色。照亮历史的天才的光芒和性格上的怪异都表现得十分立体。所以我觉得真正聪明的人,是对事物有超越常人甚至整个时代的的洞察力。
0 有用 老密 2019-02-21
finally done after sitting on my reading list since 12/02/2017. To start right before WWI creates the right suspense. Several themes cleverly threaded: gold balance concentration (reminiscent of BTC d... finally done after sitting on my reading list since 12/02/2017. To start right before WWI creates the right suspense. Several themes cleverly threaded: gold balance concentration (reminiscent of BTC decentralization debate?), GB deflation vs DE devaluation, reparation vs war debt, FR book-cooking scandal, DE external debt, US stock bubble, etc. (展开)
0 有用 Amicus 2016-02-25
没读,感觉是本无聊无用的书。
0 有用 宝宝TWO 2018-02-23
我自己看经济学这方面的东西,的确体会到,很多学科到了后面,都会忍不住往史去看。为什么呢?因为有这么多的理论和说法,很多也有道理,也就是合逻辑,那么再如何甄别呢?只好去看史,看看这些理论的形成是否断章取义,是否以偏概全等等。所以觉得经济学思想史很好,美联储的货币政策很好,但是这个,短期的以四个主要银行家为中心的事,不符合我对史的需求。我的打分,只能对自己负责。
0 有用 老密 2019-02-21
finally done after sitting on my reading list since 12/02/2017. To start right before WWI creates the right suspense. Several themes cleverly threaded: gold balance concentration (reminiscent of BTC d... finally done after sitting on my reading list since 12/02/2017. To start right before WWI creates the right suspense. Several themes cleverly threaded: gold balance concentration (reminiscent of BTC decentralization debate?), GB deflation vs DE devaluation, reparation vs war debt, FR book-cooking scandal, DE external debt, US stock bubble, etc. (展开)
0 有用 羽之 2017-01-30
对出场人物的背景描述详实,想了解二战,不能不了解一战。
0 有用 Caimi 2016-06-12
了解下万恶的资本主义
0 有用 Amicus 2016-02-25
没读,感觉是本无聊无用的书。