Kevin Dowd

Martin Hutchinson

An engaging look at how modern finance almost destroyed our global economy Over the last thirty years, capital markets have been restructured through the tenets of modern finance. This has been enormously profitable for the financial services sector. However, these innovations, coupled with unsound risk and regulatory practices have proved disastrous for the global economy. In a clear and accessible style, ex-investment banker and financial journalist Martin Hutchinson, and highly respected academic, Kevin Dowd show how modern finance combined with easy money threatened to bring down the world financial system. At the heart of the book is modern finance as a U.S. invention, the theories and practices associated with them, and the changes they made in business models and risk management on Wall Street and other major financial centers. Breaks down the events involved in the 2007-08 financial collapse Reveals how botched policy response made a bad situation worse Focuses on lessons that the practice of finance must learn from recent events The Alchemists of Loss will help you to understand how our financial system crashed and show you what it will take to make sure this won't happen again as we move forward.

How modern finance and government intervention crashed the financial system

Alchemists of Loss

Britain's Greatest Prime Minister: Lord Liverpool unpicks two centuries of Whig history to redeem Lord Liverpool (1770-1828) from 'arch-mediocrity' and establish him as the greatest political leader the country has ever seen. In the past, biographers of Lord Liverpool have not sufficiently acknowledged the importance of his foremost skill: economic policy (including fiscal, monetary and banking system questions). Here, Hutchinson's decades of experience in the finance sector provide a more specialised perspective on Liverpool's economic legacy than most historians are able to offer. From his adept handling of unparalleled economic and social difficulties, to his strategic defeat of Napoleon and unprecedented approach to the subsequent peace process, Liverpool is shown to have set Britain's course for prosperity and effective government for the following century. In addition to granting him his rightful place among British Prime Ministers on both domestic and foreign policy grounds, Hutchinson advances how a proper regard for Liverpool's career might have changed the structure and policies of today's government for the better.

Martin Hutchinson

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