Masters of the Universe, Slaves of the Market

by Stephen Bell and Andrew Hindmoor

This account of the financial crisis of 2008-2009 compares banking systems in the United States and the United Kingdom to those of Canada and Australia and explains why the system imploded in the former but not the latter. Central to this analysis are differences in bankers' beliefs and incentives in different banking markets.

A boom mentality and fear of being left behind by competitors drove many U.S. and British bank executives to take...

• Format: Hardcover
• Language: English
• ISBN: 0674743881
• ISBN13: 9780674743885
• Release Date: March 2015
• Publisher: Harvard University Press
• Length: 400 Pages
• Weight: 1.50 lbs.
• Dimensions: 1.2" x 5.8" x 10.0"