Boom Bust: House Prices, Banking and the Depression of 2010 Hardcover – 1 Jan 1999
Customers who viewed this item also viewed
Customers who bought this item also bought
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Would you like to tell us about a lower price?
If you are a seller for this product, would you like to suggest updates through seller support?
[Harrison] does make a case for the existence of an 18-year business cycle, which he links to speculation in the property market --Samuel Brittan, FINANCIAL TIMES ...for anyone seeking to understand the vagaries of the housing market, this is a fascinating read --Jeff Howell, SUNDAY TELEGRAPH 'The man who predicted today's housing woes - ten years ago ... does Harrison really know something we don't?' Ross Clark, MAIL ON SUNDAY --Ross Clark, MAIL ON SUNDAY<br /><br />...for anyone seeking to understand the vagaries of the housing market, this is a fascinating read --Jeff Howell, SUNDAY TELEGRAPH<br /><br />'The man who predicted today's housing woes - ten years ago ... does Harrison really know something we don't?' Ross Clark, MAIL ON SUNDAY --Ross Clark, MAIL ON SUNDAY
...for anyone seeking to understand the vagaries of the housing market, this is a fascinating read --Jeff Howell, SUNDAY TELEGRAPH
'The man who predicted today's housing woes - ten years ago ... does Harrison really know something we don't?' Ross Clark, MAIL ON SUNDAY --Ross Clark, MAIL ON SUNDAY
In his first book, "The Power in the Land" (1983), Fred Harrison forecast the recessions in the leading industrial economies in 1992. The prediction - published some nine years ahead of the events - confirmed the value of his historical analysis of trends in the industrial economy. Now, in "From Bust to Boom and Back", he returns with a more alarming prediction: whereas in the early 1990s there had been a number of major economies going into recession at about the same time, with the emergence of a global economy there is a very real danger of a global recession, based on a global business cycle, which would be all the more severe because there would be fewer countervailing forces. Harrison dismisses as bogus the talk of a "new economy", based on the nine years of uninterupted growth in the United States and the claims of Britain's Chancellor of the Exchequer to have abolished the boom-bust. He argues that the seeds of the next bust are already well and truly sown, with 2010 being the fateful year for the next major crash. The US downturn in 2001 is evidence of the accuracy of his analysis.While the gyrations of the stock market grab the attention, few see the underlying economic laws at work, inexorably moving towards the next collapse. Governments are hamstrung in their policy-making by a defective economic model which ignores the workings of the property market. From his study of several industrial nations over the last two hundred years, Harrison has identified an 18-year property cycle which has recurred with remarkable regularity and similarity in different parts of the world under different political, economic and cultural conditions. In "From Bust to Boom and Back" he reveals the factors at work and how they are intimately linked with the banking system which both fuels the boom and triggers the bust. He offers a way out based on the insights of Adam Smith, David Ricardo and other classical economists. See all Product description
There was a problem filtering reviews right now. Please try again later.
It is well written with easy chunks that allow the following of threads, historical references, and explainations of financial terms.
Read this now and protect your future wealth.
It has wide implications too for economics like efficient market hypothesis. Here we find we are regulated by an objective law relating to the internally design of property, We are part of a horror movie where we all make individual subjective evaluations on the market but only to choose different paths that all leads to the same destination. We are always under way to the next crisis.
Remember to pick up his Power in the land (1983). It contains much valuable information too. I liked the part about debunking the so called oil crisis (OPEC) in 74'. It was the land market at the top of the 18 year cycle that gave the full devasting effect to western economies. The western economies were already sliding in to recession well before. Also Marxist ignored this by explaining it was a crisis of wages squeezing profits. The fact that the rents squeezed profits did not conform to their purpose of class antagonism between capital and labour.