“A must-read on the origins of the crisis.” —The Economist “A well written book. . . . Cooper’s most novel doctrine is that investors do not have to be irrational to generate bubbles. . . . Mr. Cooper traces present difficulties to the rapid growth of credit encouraged by the Fed’s ultra-cheap money policy of a few years ago.”—Financial Times
Acknowledgements
Preface to the Vintage Editon
Preface to the Original Edition
1. Introduction
2. Efficient Markets and Central Banks?
3. Money, Banks and Central Banks
4. Stable and Unstable Markets
5. Deceiving the Diligent
6. On (Central Bank) Governors
7. Minsky Meets Mandelbrot
8. Beyond the Efficient Market Fallacy
9. Concluding Remarks
Appendix – ‘On Governors’ by J.C. Maxwell
Index
