1920s Stock Market Bubble
A01=Robert M. Hardaway
Accounting
Appraisers
Author_Robert M. Hardaway
Bankruptcy Laws
Blind Faith in Investment Advisors
Bubbles of the Past
Category=JBF
Category=KCX
Credit-Rating Agencies
Economic Education in Public Schools
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction
eq_society-politics
Federal Reserve Policies
Government Regulations
Holland Tulip Mania
Litigation Aftermath
Product details
- ISBN 9780313382284
- Weight: 595g
- Dimensions: 156 x 235mm
- Publication Date: 18 Feb 2011
- Publisher: Bloomsbury Publishing Plc
- Publication City/Country: US
- Product Form: Hardback
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This meticulously documented work sets forth the major causes of the greatest asset bubble in world economic history—the American housing bubble, which began in 1940 and collapsed in 2007.
In the aftermath of the American housing collapse in 2007, many ask why. The Great American Housing Bubble: The Road to Collapse asks a different and more fundamental question—how the bubble was created in the first place. To answer that question, it examines the causes, both political and economic, of the American housing bubble, created between 1940 and 2007.
Those causes encompass everything from federal income tax subsidies for housing to local exclusionary policies, banking, accounting, real estate appraisal, and credit agency rating practices and policies. The book also takes into account the impact of greed, government regulation, speculation, and psychology—including blind faith in investment advisors—on the creation of the greatest asset bubble in the economic history of the world. The author takes a comparative historical approach, examining the current crisis in the light of notorious bubbles of the past. In the end, he concludes that the events precipitating the most recent collapse can be traced, at least in part, not to too little government regulation, but to too much.
Robert M. Hardaway is professor of law at the University of Denver Sturm College of Law, Denver.
