000			03870nam a22005175i 4500
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007			cr nn 008mamaa
008			141114s2015 xxu| s |||| 0|eng d
020			_a9781493910922 _9978-1-4939-1092-2
024	7		_a10.1007/978-1-4939-1092-2 _2doi
050		4	_aHG1-9999
050		4	_aHG4501-6051
050		4	_aHG1501-HG3550
072		7	_aKFF _2bicssc
072		7	_aKFFK _2bicssc
072		7	_aBUS027000 _2bisacsh
072		7	_aBUS004000 _2bisacsh
082	0	4	_a657.8333 _223
082	0	4	_a658.152 _223
100	1		_aRapp, Donald. _eauthor.
245	1	0	_aBubbles, Booms, and Busts _h[electronic resource] : _bThe Rise and Fall of Financial Assets / _cby Donald Rapp.
250			_a2nd ed. 2015.
260		1	_aNew York, NY : _bSpringer New York : _bImprint: Copernicus, _c2015.
300			_aXXVIII, 351 p. 70 illus. _bonline resource.
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_atext file _bPDF _2rda
505	0		_aThe Nature of Manias, Bubbles and Crashes: Introduction -- Value Trading vs. Momentum Trading -- The Rise of Manias and Bubbles -- Stages in the Boom-Bubble-Bust Sequence -- Fueling the Boom - Role of the Media -- Bubbles, Wealth and Inflation -- Speculations, Bootstraps and Swindles -- The Rationality of Investors, Bankers and Experts? -- Monetary Policy and the Federal Reserve System -- Fiscal Policy and Taxes -- Inequality -- Debt -- Deposit Insurance -- Regulation, Deregulation and No Regulation -- Pension Plans -- The Valuation of Common Stocks -- Internal Feedback and Endogenous Risk -- When the Bubble Pops -- A Short History of Booms, Bubbles, and Busts: The New World -- Florida Land Boom of the 1920s -- The Stock Market and the Economy of the 1920s -- The Great Depression of the 1930s -- The Savings and Loan Scandal of the 1980s -- The Bull Market of 1982-1995 -- The Crash of 1987 -- The Dot.Com Mania -- The Debt-Driven Asset Bubble Era of 1982-2013 -- Other Bubbles and Swindles of the late 1990s and 2000s. The Sub-Prime Real Estate Boom 1998-2007 -- The Real Estate Boom of 2013-2014 -- Japan and East Asia -- The Next Bubble.
520			_aThis book deals at some length with the question: Since there are many more poor than rich, why don’t the poor just tax the rich heavily and reduce the inequality? In the 19th century and the first half of the 20th century, the topic of inequality was discussed widely. Ending or reducing inequality was a prime motivating factor in the emergence of communism and socialism. The book discusses why later in the 20th century, inequality has faded out as an issue. Extensive tables and graphs of data are presented showing the extent of inequality in America, as well as globally. It is shown that a combination of low taxes on capital gains contributed to a series of real estate and stock bubbles that provided great wealth to the top tiers, while real income for average workers stagnated. Improved commercial efficiency due to computers, electronics, the Internet and fast transport allowed production and distribution with fewer workers, just as the advent of electrification, mechanization, production lines, vehicles and trains in the 1920s and 1930s produced the same stagnating effect.
650		0	_aEconomics.
650		0	_aScience (General).
650		0	_aFinance.
650	1	4	_aEconomics/Management Science.
650	2	4	_aFinance/Investment/Banking.
650	2	4	_aPopular Science, general.
650	2	4	_aFinancial Economics.
710	2		_aSpringerLink (Online service)
773	0		_tSpringer eBooks
776	0	8	_iPrinted edition: _z9781493910915
856	4	0	_uhttp://dx.doi.org/10.1007/978-1-4939-1092-2
912			_aZDB-2-SBE
942			_2ddc _cEBOOK
999			_c2906 _d2906