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Infectious Greed by Frank Partnoy
How Deceit and Risk Corrupted the Financial Markets
468 pages, Hardcover
241 x 163 x 43mm (L x W x T)
Condition: Very Good (Has very small/minor signs of wear). There no markings, inscriptions or signatures of any kind, pages are clean and vibrant. Spine is slightly sun-faded, but otherwise clean, intact and vibrant.
Genres: Business / Finance / Economics / Nonfiction

This publication presents a comprehensive analysis of the evolution of financial markets, particularly focusing on the factors contributing to the global financial crisis. Originally published in 2003 and subsequently revised to incorporate contemporary developments, the work by law professor and financial expert Frank Partnoy provides a detailed historical perspective on the transformation of Wall Street.

The author traces the shift from traditional securities, such as stocks and bonds, to complex financial instruments, notably derivatives, which he characterizes as "quantum" products. He meticulously documents the progressive increase in financial risk and complexity beginning in the mid-1980s. This escalating complexity, he argues, obscured the underlying vulnerabilities within corporate America.

Partnoy asserts that the evolving financial paradigm progressively exceeded the comprehension and regulatory capacity of both individual investors and governmental oversight bodies. This divergence between market sophistication and regulatory efficacy, he contends, precipitated the eventual financial crisis.

The publication is characterized by rigorous research and a meticulous approach to financial history, providing a critical examination of the market dynamics that led to a period of significant economic instability. It offers valuable insights into the systemic risks associated with complex financial instruments and the importance of effective regulatory oversight in maintaining market stability.


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