{"title":"Christopher Houghton Budd","description":null,"products":[{"product_id":"finance-at-the-threshold-book-christopher-houghton-budd-9781138094628","title":"Finance at the Threshold","description":"Every banking crisis, whatever its particular circumstances, has two features in common with every previous one. Each has been preceded by a period of excessive monetary ease, and by ill thought out regulatory changes. For many the recent hiatus in inter-bank lending has been seen as a blip - enormous in size and global in scope, but, nonetheless, a blip. Finance at the Threshold offers a unique perspective from an English economic and monetary historian. In it the author asks: Why did the banks stop lending to one another, and why now? Was it merely a matter of over-loose credit due to the relaxation of traditional prudence, or did global finance find itself at its limits? Have government bail-outs saved the day or merely postponed the problem?   Christopher Houghton Budd offers a radical view of the global financial crisis, spanning a wide gamut of current thinking. He argues that we need, above all, to overcome the left-right divide so much taken for granted today, and promote financial literacy to young people.  His contribution to the Transformation and Innovation Series claims that global finance has brought us to the limits of what mechanistic economic explanations can capture.  New ideas and above all new instruments are needed so that innovation can shift from its dexterous exploitation of inefficiencies and turn its attention instead to fresh initiative.  Finance at the Threshold is essential reading for academics and practitioners concerned with financial and economic policy and needing to develop a sense of the history thus understanding the forward prospects for global finance.","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":50697320792337,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ GARDNERS","offer_id":50697324036369,"sku":"NGR9781138094628","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1138094625.jpg?v=1750887260"},{"product_id":"legacy-restated-book-christopher-houghton-budd-9781621483816","title":"A Legacy Restated","description":"\"Until true individualism--meaning not the continuation but the overcoming of egoism--has the strength to win through against and transform the artificially galvanized group spirits [from the past], the task of culture cannot be fulfilled. Group interests will continue to act as mutual enemies.\" -- \u003cb\u003eBernhard Behrens\u003c\/b\u003e\u003cp\u003eThese essays, written just after World War II by a German economist who arrived in the United States in 1940, provide an unexpectedly helpful contribution to an understanding of our present moment, writ large. Today, when the U.S. is coming to terms with its destiny and its true (as distinct from geopolitical) place in current and world history, seems a propitious time to republish these essays, which first saw the light of day in the mid-twentieth century. \u003c\/p\u003e\u003cp\u003eUpdated from the 1950s, the view of the challenges and possibilities that Bernhard Behrens provides remain as perceptive and insightful now as when written, especially in regard to economics and democracy.\u003c\/p\u003e","brand":"WoB","offers":[{"title":"GB \/ NEW \/ GARDNERS","offer_id":50816373555473,"sku":"NGR9781621483816","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":51040539640081,"sku":"NIN9781621483816","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52586290348305,"sku":"NLS9781621483816","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1621483819.jpg?v=1751343127"}],"url":"https:\/\/www.worldofbooks.com\/collections\/author-books-by-christopher-houghton-budd.oembed","provider":"World of Books ","version":"1.0","type":"link"}