Record Nr.

UNINA9910808837403321

Autore

Harrison Fred

Titolo

Boom bust : house prices, banking and the depression of 2010 / / Fred Harrison

Pubbl/distr/stampa


London, : Shepheard-Walwyn, 2007

ISBN

0-85683-314-2

Edizione

[2nd ed.]

Descrizione fisica

1 online resource (305 p.)

Disciplina

338.542

Soggetti

Business cycles

Land use - Planning

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Includes index.

Nota di contenuto

Cover ; Copyright ; Contents ; Acknowledgements; Preface to the Second Edition; Prologue; PART I AS SAFE AS HOUSES?; 1 Britain's Housing and the Business Cycle; 2 Banking on Failure; 3 The American State of Virtual Reality; 4 The Incredible Alan Greenspan; PART II GENESIS OF THE BOOM-BUST CYCLE; 5 Rent and the 18-Year Cycle; 6 The Patterns of History; 7 The Alchemy of Land Speculation; 8 The End of Boom Bust?; PART III ANATOMY OF THE FIRST GLOBAL CYCLE; 9 The New Economy: Selling an Anglo-American Myth; 10 Launched in the USA; 11 Gordon Brown's Magic Mantra; PART IV THE AUTOMATIC STABILISER

12 Counter-Cyclical Action13 Australia: The Pathology of Taxation; 14 Dividends from Democratised Finance; PART V THE RECKONING; 15 2007: From Peak to Downwave; 16 2010: Economics of the Debt Junkie; Index

Sommario/riassunto

Using the United Kingdom as a case study, this well-researched account shows how, for more than 200 years, a remarkably regular 18-year cycle of boom and bust can be traced to the peaks and troughs in land prices. This exploration reveals how governments, during the upswing of the cycle, are complicit in encouraging a belief that property prices will continue upwards indefinitely because of their skilled management of the economy and attributes the current crises to public policy on both sides of the Atlantic. An alternative plan to neutralize the next boomone that would lead to a more stable and

environmentally friendly economy with a more equitable distribution of wealthis also presented.