The world is at a critical juncture, poisted delicately between a surge in wealth and a descent into outright recession. In The Death of Inflation, Roger Bootle rocked the economic establishment with his predictions and was proven right. Now, he embraces controversy again with a fascinating and far-reaching book that analyses the prospects of deflation and depression and the great illusion of the economic bubble, which represents the difference between real and illusory wealth, or money for nothing. In Money for Nothing: Real Wealth, Financial Fantasies and the Economy of the Future, Bootle argues that if we can avoid the twin perils of protectionism and a deflationary slump, there is hope for a global leap in real wealth in the future through an acceleration of global trade. Bootle asserts that the old economic obsession with tangible things, such as land and machinery, has been replaced by a new economy of non things, such as intellectual property and knowledge. The result may be a change in our circumstances, making our lives today every bit as unreocgnizable to the next generation as the pre- and post-Industrial Revolution generations were to each other.
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Editorial Reviews
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"One of the few City economists whose views I trust...more often than not his contrarian approach is proved correct." -- Jeff Randall BBC BUSINESS EDITOR
"THE BEST INVESTMENT BOOK OF THE YEAR--well-written and interesting...valuable insights." -- Jonathan Davis, THE INDEPENDENT
"The intangible revolution—A visionary tour de force for a prosperous 21st century." -- MANAGEMENT TODAY
"There is much of value in this book...Few readers will finish without being stimulated and provoked." -- Philip Coggan, FINANCIAL TIMES
BUSINESS BOOK OF THE WEEK -- MONEYWEEK
"THE BEST INVESTMENT BOOK OF THE YEAR--well-written and interesting...valuable insights." -- Jonathan Davis, THE INDEPENDENT
"The intangible revolution—A visionary tour de force for a prosperous 21st century." -- MANAGEMENT TODAY
"There is much of value in this book...Few readers will finish without being stimulated and provoked." -- Philip Coggan, FINANCIAL TIMES
BUSINESS BOOK OF THE WEEK -- MONEYWEEK
From the Publisher
Are we really on the brink of another economic boom? Or in a lull before the next financial bust? World-renowned expert Roger Bootle weighs in on one of the most hotly debated topics today with this sure-to-be-controversial look at the very real dangers of both deflation and depression after the great illusion of the bubble. Bootle exposes the illusory wealth created by the current property boom—money for nothing—and the threat posed by a policy of protectionism. With a brave new vision for a global society, this cautionary guide to the economy of the future lays out a blueprint for that future dominated by a global wealth spiral of human values and international trade with developing countries such as China and India that produces real wealth, not financial fantasy.
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7 of 7 people found the following review helpful:
5.0 out of 5 stars
Highly Recommended!,
This review is from: Money for Nothing: Real Wealth, Financial Fantasies and the Economy of the Future (Hardcover)
A decade ago, economist Roger Bootle won respect for correctly predicting a long period of low inflation. In this wide-ranging look at the world economy, Bootle trades on that credibility to explain the origins of the dot-com bubble and to argue that the economy is in the midst of a housing bubble. He makes the convincing argument that stock-market gains are often little more than ephemera and he explores the idea of a knowledge-based economy. Bullish readers will be put off by Bootle's gloom and doom. Deflation has yet to occur, and the housing bubble he harps on has yet to burst in the time span since this work's publication. Still, we recommend this intriguing title to investors interested in a contrarian view of the markets and the economy.
5.0 out of 5 stars
Timing,
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This review is from: Money for Nothing: Real Wealth, Financial Fantasies and the Economy of the Future (Hardcover)
Wow. Someone should send this book and the previous review to Michael Lewis. I feel like I stumbled across an historical artifact.
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Inside This Book
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Key Phrases - Statistically Improbable Phrases (SIPs):
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wealth spiral, financial fantasies, prospective pensioners, wealth illusion, deflationary process Key Phrases - Capitalized Phrases (CAPs): (learn more)
Industrial Revolution, United States, Adam Smith, Hong Kong, Intangible Revolution, Wall Street, Great Depression, Second World War, South Sea, Latin America, World Bank, Middle East, North America, Sir Isaac Newton, Bill Gates, South Korea, Golden Age, Cold War, Joseph Stiglitz, Alan Greenspan, The Wealth of Nations, New York, Soviet Union, Roman Empire, Bank of England Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
wealth spiral, financial fantasies, prospective pensioners, wealth illusion, deflationary process Key Phrases - Capitalized Phrases (CAPs): (learn more)
Industrial Revolution, United States, Adam Smith, Hong Kong, Intangible Revolution, Wall Street, Great Depression, Second World War, South Sea, Latin America, World Bank, Middle East, North America, Sir Isaac Newton, Bill Gates, South Korea, Golden Age, Cold War, Joseph Stiglitz, Alan Greenspan, The Wealth of Nations, New York, Soviet Union, Roman Empire, Bank of England Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
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