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Financial Institutions, Reforms, and Policies in Muslim Countries

The Next Financial Crisis and How to Save Capitalism

Authors: Askari, H., Mirakhor, A.

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  • ISBN 978-1-137-54437-7
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Hardcover $67.50
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  • ISBN 978-1-137-54695-1
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Softcover $67.50
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  • ISBN 978-1-349-50712-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

The financialization of the economy has brought a number of interrelated problems which have contributed to growing income and wealth inequality. Askari and Mirakhor assert that it is time to make a bold change by putting our financial house in order and on a better path, advocating for a fundamental reform of the financial system.

About the authors

Author Hossein Askari: Hossein Askari is Iran Professor of International Business and International Affairs, George Washington University, USA. Author Abbas Mirakhor: Abbas Mirakhor is the First Holder of INCEIF s Chair in Islamic Finance at INCEIF - The Global University of Islamic Finance, Malaysia. He was the Executive Director and Dean of the Executive Board of the International Monetary Fund. He received his PhD from Kansas State University, USA.

Reviews

"This highly readable book is a welcome addition to the study of the causes and consequences of financial crises. The authors have advocated risk-sharing contracts for a number of years, and this, their latest contribution, is a very interesting and stimulating addition." - Vittorio Corbo, Professor of Economics, Pontificia Universidad Católica de Chile, Senior Research Associate of the Centro de Estudios Públicos, Chile, and former President of the Central Bank of Chile

"A brilliant distillation of two lifetimes of learning and scholarship. Askari and Mirakhor have produced a cogent and comprehensive exposition on the causes and consequences of America's crisis-inducing economic problems - and the fundamental reforms necessary for resolving them." - Dariush Zahedi, Director, Berkeley Program on Entrepreneurship & Development in the Middle East, USA

"The Next Financial Crisis and How to Save Capitalism is a scathing indictment of today's 'financialization' process and how it impacts the distribution of income and economic growth. With brevity and clarity, Askari and Mirakhor skillfully blend the economic wisdom of the past, the need for contemporary institutional rearrangements and the criticality of moral behavior. They also provide light at the end of the tunnel - a rather unique set of intriguing recommendations which merit serious consideration." - Donald L. Losman, Professor, Elliott School, George Washington University, USA

"As the world is still trying to recover from one of the deepest financial crises of all time, Hossein Askari and Abbas Mirakhor present a very different approach to the subject. An essential book for anyone interested in the study of financial crises and how the world can avoid repeating the same mistakes." - Rodrigo Guimarães, Founding Partner, Explorer Investments, Portugal


Table of contents (5 chapters)

  • The Financial Sector—In Support of Growth or Financialization?

    Askari, Hossein (et al.)

    Pages 1-15

  • Recurring Financial Crises—The Causes

    Askari, Hossein (et al.)

    Pages 16-34

  • Recurring Financial Crises—The Fallouts

    Askari, Hossein (et al.)

    Pages 35-46

  • Recurring Financial Crises—The Essential Reforms

    Askari, Hossein (et al.)

    Pages 47-62

  • Conclusions and Our Financial Future

    Askari, Hossein (et al.)

    Pages 63-72

Buy this book

eBook $49.99
price for USA (gross)
  • ISBN 978-1-137-54437-7
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $67.50
price for USA
  • ISBN 978-1-137-54695-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $67.50
price for USA
  • ISBN 978-1-349-50712-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
The Next Financial Crisis and How to Save Capitalism
Authors
Series Title
Financial Institutions, Reforms, and Policies in Muslim Countries
Copyright
2015
Publisher
Palgrave Macmillan US
Copyright Holder
Hossein Askari and Abbas Mirakhor
eBook ISBN
978-1-137-54437-7
DOI
10.1057/9781137544377
Hardcover ISBN
978-1-137-54695-1
Softcover ISBN
978-1-349-50712-2
Edition Number
1
Number of Pages
XII, 80
Number of Illustrations and Tables
2 b/w illustrations
Topics