Customer Reviews

The Trouble with Markets: Saving Capitalism from Itself

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You could call Roger Bootle a self-hating economist. In this trenchant study, he takes ruthless aim at fellow economists and financial professionals for allowing the financial markets to run amok. Despite his status as a City of London insider, Bootle mauls bankers for collecting overly rich paychecks and bashes investment advisers for their general cluelessness. While Bootle isn't the only observer to arrive at the conclusion that the markets are broken and that free-market ideology is wrong, his sophisticated understanding of finance makes his arguments especially astute. getAbstract recommends this intriguing book to investors and policymakers seeking a thoughtful prescription for Wall Street and the City.

This book is a very detailed account of what went before,and how the Economic Crisis of the last four years has progressed. Roger Bootle is clear and has very deep understanding of of the Accademic side of Economics,which as a complete outsider I found interesting. (My background is Medicine,but in "reTYREment" I have enjoyed reading well ouside my pia mater !) I did however find that Economics had a lot in commen with Medicine in that there was often no absolute answers to a number of the problems. In the final analysis many of the ideas Bootle puts forward are being taken up, but as his insite into the essential greed of man rather precludes any garantie of success.All round a good book for the non-professional to read to understand the current credit problems.Roger Bootle's subsiquent lucid articles in the Daily Telegraph are an adjunct to his book.

The Trouble With Markets: Saving Capitalism from Itself explores economics and the future of the market system, offering an economist's analysis of market potentials in general and the free-market ideal in particular. Chapters cover market cycles and how to survive downturns in a title key to understanding changing markets and capitalism, perfect for college-level business collections.

This is a long tedious read not helped by the authour's constant bickering between Keynesian and monetarist theory, sitting on the fence is not a theory and not helpful to the reader.