The Road to Recovery by Andrew Smithers

The Road to Recovery by Andrew Smithers

Economist, Andrew Smithers, was one of the few who warned, in advance of the financial crisis, that economic policy must be changed for it to be avoided.

Mr Smithers is something of a maverick in financial and economic circles but he makes a powerful case just as he did in 2000, when his book, Valuing Wall Street , pointed to the excesses of the dotcom bubbleFew listened to him then. More should do so now. . (The Economist, 5 October 2013) a view that Mr Smithers sets out with great clarity in his brilliant new book, The Road to Recovery: How and Why Economic Policy Must Change, which should be read by every City fund manager, politician and policymaker before even more damage is done. (The Independent , 5 October 2013) anyone who wants to know how we got to a point where companies are making record profits but real wages are falling every year and growth is flat lining must read Andrew Smithers new book The Road to Recovery: How and why economic policy must change. (Financial Times, 11 October 2013) Smithers argument is too important and too well-grounded to be ignored. The implications for economic policy are fundamental because unless we recognise how business behaviour has been fundamentally changed by bonuses and do something about it, we will be waiting round for years for a sustainable recovery which is just never going to happen. Instead, stagnation will become the norm. (London Evening Standard, 3 October 2013) To the benefit of readers, Smithers does not explain his points via esoteric econometrics. He uses 127 clear charts throughout the book to illustrate the points being made. As well as a significant bibliography (Investment Europe, 1 October 2013) any senior executives benefiting from an incentive plan, who pride themselves on being open to evidence and new ideas, or on being an independent spirit rather than one of the herd, should not dismiss The Road to Recovery, but rather take up the gauntlet flung down by Smithers and read what he has to say. (World Economic Forum, October 2013) "A highly recommended and insightful read. (Mortgage Strategy, October 2014)

Andrew Smithers is Chairman of Smithers & Co. Ltd. and is a leading expert on financial economics and global asset allocation. His forty-five years' experience in international investment includes twenty-five years at SG Warburg & Co where, amongst other roles, he ran the investment management division, and over twenty years as head of his own investment consultancy firm, Smithers & Co, based in London. He is the co-author of three books on international finance: Valuing Wall Street, co-written with Stephen Wright, published in 2000; and Japan's Key Challenges for the 21st Century, co-written with David Asher, published in 1999. His book Wall Street Revalued - Imperfect Markets and Inept Central Bankers was published by John Wiley & Sons, Ltd. in July, 2009. He is also the author of Chapter 6, "Can We Identify Bubbles and Stabilize the System?" in The Future of Finance: The LSE Report, published by The London School of Economics and Political Science in September, 2010. Andrew is a Trustee of the Daiwa Anglo-Japanese Foundation, a Fellow of CFA (UK) and member of the Advisory Board for the Centre for International Macroeconomics and Finance (CIMF) at Cambridge University.
As head of Smithers & Co., Andrew has helped pioneer the application of academic analysis of financial economics to investment management. He is well known for his work on valuing markets, including application of "q", for his pioneering studies on the distorting impact of employee stock options on US profits, and for work on showing the understatement of Japanese published profits compared with US ones.
www.smithers.co.uk

SKU	Unavailable
ISBN 13	9781118515662
ISBN 10	1118515668
Title	The Road to Recovery
Author	Andrew Smithers
Condition	Unavailable
Binding Type	Hardback
Publisher	John Wiley & Sons Inc
Year published	2013-10-14
Number of pages	360
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.