Hidden Collective Factors in Speculative Trading

A Study in Analytical Economics

  • Bertrand M. Roehner

Table of contents

  1. Front Matter
    Pages 1-19
  2. Prologue

    1. Front Matter
      Pages 1-1
    2. Bertrand M. Roehner
      Pages 1-11
    3. Bertrand M. Roehner
      Pages 13-46
  3. Hidden Collective Determinants

    1. Front Matter
      Pages 46-46
    2. Bertrand M. Roehner
      Pages 47-64
    3. Bertrand M. Roehner
      Pages 65-81
    4. Bertrand M. Roehner
      Pages 83-116
  4. Regularities in Speculative Episodes

    1. Front Matter
      Pages 116-116
    2. Bertrand M. Roehner
      Pages 117-149
    3. Bertrand M. Roehner
      Pages 151-178
    4. Bertrand M. Roehner
      Pages 179-195
  5. The Triumph of Neoliberalism

    1. Front Matter
      Pages 196-196
    2. Bertrand M. Roehner
      Pages 197-217
    3. Bertrand M. Roehner
      Pages 219-228
    4. Bertrand M. Roehner
      Pages 229-259
    5. Bertrand M. Roehner
      Pages 261-294
  6. Back Matter
    Pages 1-18

About this book

Introduction

What are the roots of the present economic crisis? The book shows that the factors commonly mentioned (e. g. subprime loans, fall in housing prices) have occurred in the past and therefore cannot account for the severity of the present crisis. There must be "something else". The analysis shows that there was a "phase transition" in the United States around 1975 which brought the following changes: - The stagnation of real wages over the past 30 years and a parallel rise in indebtment levels. - The abrupt fall in unionization rates and in the number of strikes. - The development of tax havens which deprived states of tax revenue. - The globalization of financial transactions which hinders long-term investment.

Keywords

Investment Neoliberalism Privatization Real-Estate Markets Social Fragmentation Speculation Speculative Bubbles Speculative Trading Spekulation Stock Markets Stock market Trading

Authors and affiliations

  • Bertrand M. Roehner
    • 1
  1. 1.CNRS, Labo. Physique Théorique etUniversité Paris VIParis CX 05France

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-03048-2
  • Copyright Information Springer-Verlag Berlin Heidelberg 2009
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-642-03047-5
  • Online ISBN 978-3-642-03048-2
  • About this book