Philip Coggan News
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Nobel Prize-winning economist Joseph Stiglitz portrays the U.S. government as the billionaire’s best friend, while former banker Dambisa Moyo presents a dark look at China’s “commodity crusade” in two of the best business books so far this year.
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Countries don’t go bankrupt, said Walter Wriston, the legendary boss of what is now Citigroup Inc. After all, he reasoned, they “own” more than they “owe.”
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When the world economy heads into crisis, the international currency system often breaks down. This occurs either because debtors can’t meet their obligations, or because creditors fear they are not being repaid in sound money. The first condition exists today in the euro zone; the second is likely to emerge in the China-U.S. relationship.
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Testosterone drives traders to take excessive risk, while a Wall Street swindler dupes a U.S. president and triggers a market panic in two of the best business books so far this year. Here’s a list of recommended titles.
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Nations fail, the White House burns and economists including Simon Johnson and Paul Krugman debate U.S. taxes and spending in some of the best business books so far this year.
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Yale economist Robert Shiller praises finance and defends Goldman Sachs Group Inc., while George Soros urges Angela Merkel not to hurl Europe into “deflationary debt trap” in two of our favorite business books of late. Here’s a list of recommended titles.
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