Financial Alchemy in Crisis

'An excellent attempt to reinsert social and psychological notions into our views of 'the market' and its functions' -- Paul J Davies, Financial Times
'There has always been a tendency to confuse money and wealth. Anastasia Nesvetailova shows that, from the beginning of securitisation until the crisis, this confusion transferred to the creation of the bewildering array of new financial instruments' -- Victoria Chick, University College London
'Anastasia Nesvetailova is one of a small handful of economists who understands what has gone wrong in the financial markets. Without condescension or incomprehensible and uncomprehending jargon, she reveals the structural flaws in the financial system that was supposed to be the highest achievement of our business civilisation' -- Jan Toporowski. Reader in Economics and Chair of the Economics Department, The School of Oriental and African Studies, University of London, and Research Associate in the Research Centre for the History and Methodology of Economics, University of Amsterdam.
'In a crisply-written book that reads like a detective novel, Anastasia Nesvetailova shows how fraud, gaps in regulation, unchecked risk-taking, the sheer complexity of contemporary markets, and hubris by financial 'masters of the universe' have all played their part in the ongoing financial and economic crisis' -- Gary Dymski