Every banking crisis, whatever its particular circumstances, has two features in common with every previous one. Each has been preceded by a period of excessive monetary ease, and by ill thought out regulatory changes. For many the recent hiatus in inter-bank lending has been seen as a blip - enormous in size and global in scope, but, nonetheless, a blip. Finance at the Threshold offers a unique perspective from an English economic and monetary historian. In it the author asks: Why did the banks stop lending to one another, and why now? Was it merely a matter of over-loose credit due to the relaxation of traditional prudence, or did global finance find itself at its limits? Have government bail-outs saved the day or merely postponed the problem? Christopher Houghton Budd offers a radical view of the global financial crisis, spanning a wide gamut of current thinking. He argues that we need, above all, to overcome the left-right divide so much taken for granted today, and promote financial literacy to young people. His contribution to the Transformation and Innovation Series claims that global finance has brought us to the limits of what mechanistic economic explanations can capture. New ideas and above all new instruments are needed so that innovation can shift from its dexterous exploitation of inefficiencies and turn its attention instead to fresh initiative. Finance at the Threshold is essential reading for academics and practitioners concerned with financial and economic policy and needing to develop a sense of the history thus understanding the forward prospects for global finance.
Integral spirituality, integral philosophy and the integral age, at an overall or holistic level of consciousness, has become a strong enough idea to form the genesis of a movement over the course of the last half century--and Integral Polity applies this notion to business, economics and enterprise. Using case studies ranging across the globe this review of a newly integral theory and practice provides a new lease on life to what may increasingly be perceived as the self-seeking, insulated and occasionally violent and corrupt realm of the political.
Integral Community moves the transformation journey for enterprises and society on from the stages covered in earlier books in Gower's Transformation and Innovation Series, which describe a new macro-economic framework and which have examined alternative development with different local communities, bringing wide cultural perspectives to practical implementation of authentic or integral development. Here, the authors argue that there are two major fields of force prevailing in today's world. The one reflects our common heritage, whereby East and West, North and South are coming ever closer together - the global commons. The other reflects local and national singularity, where the notion of feeding off ancient local heritage and talent is key. They also identify four different culturally laden worldviews as Southern - humanistic, Eastern - holistic, Northern - rational, and Western - pragmatic. The enterprise and social innovation in Africa with which Lessem's co-authors are involved provides an object lesson in the sort of differentiation and integration needed in order to operate, socio-economically, with local identity and global integrity. It provides in this case a 'Southern' worldview background against which to examine communally based self-sufficiency; culturally based developmental economy; knowledge based social economy; and finally, the move towards what the authors describe as a living economy. All illustrated through a rural case, Chinyika, with which they have been intimately involved, whereby 100,000 have become self sufficient over the past five years. Integral Community should be read by academics and students of business, economics, development studies and agriculture, and by policy makers, particularly those concerned with the developing world in general and Africa in particular.
Every banking crisis, whatever its particular circumstances, has two features in common with every previous one. Each has been preceded by a period of excessive monetary ease, and by ill thought out regulatory changes. For many the recent hiatus in inter-bank lending has been seen as a blip - enormous in size and global in scope, but, nonetheless, a blip. Finance at the Threshold offers a unique perspective from an English economic and monetary historian. In it the author asks: Why did the banks stop lending to one another, and why now? Was it merely a matter of over-loose credit due to the relaxation of traditional prudence, or did global finance find itself at its limits? Have government bail-outs saved the day or merely postponed the problem? Christopher Houghton Budd offers a radical view of the global financial crisis, spanning a wide gamut of current thinking. He argues that we need, above all, to overcome the left-right divide so much taken for granted today, and promote financial literacy to young people. His contribution to the Transformation and Innovation Series claims that global finance has brought us to the limits of what mechanistic economic explanations can capture. New ideas and above all new instruments are needed so that innovation can shift from its dexterous exploitation of inefficiencies and turn its attention instead to fresh initiative. Finance at the Threshold is essential reading for academics and practitioners concerned with financial and economic policy and needing to develop a sense of the history thus understanding the forward prospects for global finance.
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