The malign hand of the markets
Subtitle: the insidious forces on Wall Street that are destroying financial markets, and what we can do about it
By: by John Staddon
Publisher: McGraw-Hill
Published: 2012
Place of publication: New York
Language: eng
Number of pages: 273
ISBN-13: 9780071797405
Subjects: Economics; Financial crises; Finance; Psychological aspects
Description: "Even after the global financial meltdown of 2008, economists have clung to Adam Smith’s “Invisible Hand” theory of an always selfregulating market that benefits private and public interests alike. But Duke University professor John Staddon is here to tell that there’s also another, darker force at work on Wall Street—a “Malign Hand” that guides all human interactions, including our finances. Combining psychology, behavioral economics, and other sciences, Staddon’s explosive new theory reveals the underlying principles behind the economic crisis, exposing the invisible mechanisms that drive our markets today..."--Publisher description.