About this series
The burst of the property bubble in the USA in 2008 saw millions of families evicted from their homes and soon led to a major worldwide economic crisis. The spread of the crisis and the presence of toxic assets in banks around the world laid bare the complex mechanisms used by financial institutions to avoid taking responsibility for risky assets and the arrogance of the largest banks, who saw themselves as “too big to fail”. In spite of large-scale efforts to mitigate the effects of the crisis, its consequences are still felt today.
In 50 minutes you will be able to:
• Identify the key causes of the recession, including the widespread use of securitization
• Understand how the crisis unfolded and spread around the world
• Evaluate the measures taken by national governments to mitigate its effects
ABOUT 50MINUTES.COM | ECONOMIC CULTURE
The Economic Culture series from the 50Minutes collection provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications will give you elements of theory, definitions of key terms and case studies in a clear and easily digestible format, making them the ideal starting point for readers looking to develop their skills and expertise.
Titles in the series (8)
- Adam Smith: A pioneer of modern economics
1
A pioneer of modern economics This book is a practical and accessible guide to understanding the life and works of Adam Smith. In 50 minutes you will be able to: • Recognize and understand the main ideas behind the works of Adam Smith on philosophy and economics • Identify the impact his contributions had on future neoclassical economists and how The Wealth of Nations laid the foundations for modern economics • Understand the limits and criticisms of his contributions highlighted by other economists ABOUT 50MINUTES | Economic Culture 50MINUTES provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. They are the starting point for readers to develop their skills and expertise.
- Milton Friedman: Nobel Prize-winning economist and free market advocate
3
Nobel Prize-winning economist and free market advocate This book is a practical and accessible guide to understanding the life and works of Milton Friedman. In 50 minutes you will be able to: • Recognize and understand the main ideas behind the works of Milton Friedman and his reasons for writing them • Identify the impact Milton Friedman had on other economists and political figures, including Ronald Raegan and Margaret Thatcher • Evaluate the mixed reception of his works: the numerous criticisms and the extensions of similar economists ABOUT 50MINUTES.COM | Economic Culture 50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. They are the starting point for readers to develop their skills and expertise.
- Karl Marx: Revolutionary thinking and the fight against capitalism
2
Revolutionary thinking and the fight against capitalism This book is a practical and accessible guide to understanding the life and works of Karl Marx. In 50 minutes you will be able to: • Recognize and understand the main ideas behind the works of Karl Marx on economic thought • Identify the impact his contributions had on economics, perceptions of capitalism and political revolutions • Understand the limits of his contributions and systems compared to the work of other economists ABOUT 50MINUTES.COM | Economic Culture 50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. They are the starting point for readers to develop their skills and expertise.
- Joseph Stiglitz: Nobel Prize-winning economist and information economics pioneer
4
Economist and Nobel Prize winner This book is a practical and accessible guide to understanding the life and works of Joseph Stiglitz. In 50 minutes you will be able to: • Recognize and understand the main ideas behind the contributions of Joseph Stiglitz and his New Keynesian approach • Identify the impact his work had on both economics and politics, and the new concepts and tools that he conceptualized • Understand the limits of his contributions and the criticisms held by other experts in his field, as well as the many extensions and related ideas that have been developed ABOUT 50MINUTES.COM | Economic Culture 50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. They are the starting point for readers to develop their skills and expertise.
- Ponzi Scheme: Learn to detect scams and take care of your money
5
Avoid scam investments This book is a practical and accessible guide to understanding Ponzi schemes, providing you with the essential information and saving time. In 50 minutes you will be able to: • Learn about the inspiration behind the scheme, Charles Ponzi, and how he fraudulently pocketed profits on postage stamps while deceiving his investors • Follow our advice on how to avoid Ponzi schemes and make the right investment • Understand why the Ponzi scheme has appeared in all parts of the world right up to today by looking at some more recent examples ABOUT 50MINUTES.COM | Management & Marketing 50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
- United Nations Development Programme: Leading the way to development
6
Leading the way to development This book is a practical and accessible guide to understanding the role and mission of the United Nations Development Programme, providing you with the essential information and saving time. In 50 minutes you will be able to: • Understand the foundations of the organization and why it was created in 1965 • Identify the global missions initially set by the organization, its Millennium Development Goals (MDGs) and the future challenges it faces • Learn about the role of the UNDP in a number of development activities and the impact it has had since its creation ABOUT 50MINUTES.COM | Economic Culture 50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today.Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. They are the starting point for readers to develop their skills and expertise.
- Black Monday: A crash that shook the financial world
Understand Black Monday in no time! Find out everything you need to know about this major financial crisis with this practical and accessible guide. On 19 October 1987, a number of factors came together to cause an unexpected drop in share prices on the New York Stock Exchange, with the Dow Jones ultimately losing 22.6% of its value in the course of a single day. This was the largest drop in the index’s long history, but fortunately the real economy emerged relatively unscathed from the crash and a crisis of the magnitude of the 1929 Wall Street Crash was averted. In 50 minutes you will be able to: • Identify the reasons for the sudden loss of share value on 19 October 1987 • Find out about the crash’s impact on stock markets around the world • Understand the decisive action taken to prevent the crisis from worsening ABOUT 50MINUTES.COM | ECONOMIC CULTURE The Economic Culture series from the 50Minutes collection provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications will give you elements of theory, definitions of key terms and case studies in a clear and easily digestible format, making them the ideal starting point for readers looking to develop their skills and expertise.
- The Great Recession: The burst of the property bubble and the excesses of speculation
Understand the Great Recession in no time! Find out everything you need to know about this key moment in contemporary economic history with this practical and accessible guide. The burst of the property bubble in the USA in 2008 saw millions of families evicted from their homes and soon led to a major worldwide economic crisis. The spread of the crisis and the presence of toxic assets in banks around the world laid bare the complex mechanisms used by financial institutions to avoid taking responsibility for risky assets and the arrogance of the largest banks, who saw themselves as “too big to fail”. In spite of large-scale efforts to mitigate the effects of the crisis, its consequences are still felt today. In 50 minutes you will be able to: • Identify the key causes of the recession, including the widespread use of securitization • Understand how the crisis unfolded and spread around the world • Evaluate the measures taken by national governments to mitigate its effects ABOUT 50MINUTES.COM | ECONOMIC CULTURE The Economic Culture series from the 50Minutes collection provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications will give you elements of theory, definitions of key terms and case studies in a clear and easily digestible format, making them the ideal starting point for readers looking to develop their skills and expertise.
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