经济学
大空头 豆瓣
The Big Short: Inside the Doomsday Machine
作者: [美] 迈克尔·刘易斯 译者: 何正云 中信出版集团 2015 - 5
在《大空头》中,作者充分发挥专业特长,将美国次级抵押贷款*及其衍生品的起源、发展直至演变为金融危机的过程融入有趣的故事当中,将次贷担保债务权证、夹层担保债务权证 、信用违约掉期等产品的操作技巧和手段娓娓道来。同时,作者也全景式地描绘了一个行业和其中形形色色的人物与故事,次贷市场的金融机构、评级机构、投资者等为了自身利益,形成了混乱的交易网,从一个角度揭示了危机的原因和真相。
本书重点刻画了一群智力超群、性格怪异的“终结者”,他们或是名不见经传的华尔街前交易员,或者是非金融专业出身的“门外汉”,却由于对次贷市场的繁荣和金融衍生工具的层出不穷充满质疑和不信任,最终洞察到美联储、美国财政部及华尔街的“金融大鳄”都不曾察觉的市场泡沫,从而将赌注押在美国金融市场行将崩溃上。最终,危机爆发了,他们打败了华尔街。
在这个情节跌宕起伏的故事背后,有更多的东西值得我们深思。投行如何用风险的复杂化掩盖产品的风险?评级制度存在怎样的盲点?金融界怎样运用术语编造谎言来欺骗客户?人性的缺陷和金融体系的弊端在本书中皆可窥见一斑。
2022年5月21日 已读
又是一本不知道读完多久的书,实际上是在高中刚买 kindle 时就购入的电子书,也不知道当时出于什么心态买了。是一本透过几个实现预见到 2008 年次贷危机并从中获利的聪明人的视角记录当时的金融海啸的……科普书?书中塑造了几个古怪聪明的天才,对赌/做空次级抵押债券这一金融行为把他们的命运联系在一起,他们对抗市场和盲从,从中套取了……嗯,巨额利润?听起来像一个华尔街的好莱坞故事,事实上也好像确实被拍成了电影,看豆瓣评价还不错。电影先不论,我觉得这本书确实值得一读,给仅仅具备初级(指曼昆经济学级别)金融和经济知识的我基本阐释清楚了次级抵押债券是如何引起金融危机的(本质是利用评级模型的漏洞把贷给无偿债能力人垃圾债券评高级别),情节也意外地跌宕起伏,值得一读
普及读物 经济学 金融学
Neuroeconomics 豆瓣
作者: Glimcher, Paul W., Ph.D. (EDT)/ Camerer, Colin F., Ph.D. (EDT)/ Fehr, Ernst, Ph.D. (EDT)/ Poldrack, Russell A., Ph.D. (EDT) Academic Press 2008 - 10
Neuroeconomics is a new highly promising approach to understanding the neurobiology of decision making and how it affects cognitive social interactions between humans and societies/economies. This book is the first edited reference to examine the science behind neuroeconomics, including how it influences human behavior and societal decision making from a behavioral economics point of view. Presenting a truly interdisciplinary approach, Neuroeconomics presents research from neuroscience, psychology, and behavioral economics, and includes chapters by all the major figures in the field, including two Economics nobel laureates. Carefully edited for a cohesive presentation of the material, the book is also a great textbook to be used in the many newly emerging graduate courses on Neuroeconomics in Neuroscience, Psychology, and Economics graduate schools. This groundbreaking work is sure to become the standard reference source for this growing area of research.
* Editors and contributing authors represent the acknowledged experts and founders of the field of Neuroeconomics and include Nobel laureates Vernon Smith and Daniel Kahneman, making this the authoritative reference for the field
* Presents an interdisciplinary view of the approaches, concepts, and results of the emerging field of neuroeconomics relevant for anyone interested in this area or research
* Full color presentation throughout with carefully selected illustrations to highlight key concepts
Principles of Economics 豆瓣
作者: Dirk Mateer / Lee Coppock W. W. Norton & Company 2017 - 6
Mateer and Coppock, leading researchers in Economics teaching who have consistently taught Principles over a combined forty-plus years, brought their innovative teaching experiences to this blockbuster text. They put economics into context by making it relatable through carefully crafted real-world examples, a problem-solving pedagogy that emphasizes economic decision-making, and a voice that speaks directly to students.
Principles of Economics 豆瓣 Goodreads
Principles of Economics
9.1 (7 个评分) 作者: N. Gregory Mankiw South-Western College Pub 2003 - 2
In writing this textbook, Mankiw has tried to put himself in the position of someone seeing economics for the first time. The author's conversational writing style presents the politics and science of economic theories to tomorrow's decision-makers.
Capital in the Twenty First Century 豆瓣 Goodreads
Le capital au XXIe siècle
作者: Thomas Piketty 译者: Arthur Goldhammer Belknap Press: An Imprint of Harvard University Press 2014 - 4
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In Capital in the Twenty-First Century, Thomas Piketty analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings will transform debate and set the agenda for the next generation of thought about wealth and inequality.
Piketty shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality—the tendency of returns on capital to exceed the rate of economic growth—today threatens to generate extreme inequalities that stir discontent and undermine democratic values. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, Piketty says, and may do so again.
A work of extraordinary ambition, originality, and rigor, Capital in the Twenty-First Century reorients our understanding of economic history and confronts us with sobering lessons for today.
21世纪资本论 豆瓣
Le capital au XXIe siècle
8.3 (18 个评分) 作者: [法] 托马斯·皮凯蒂(Thomas Piketty) 译者: 巴曙松 中信出版社 2014 - 9
《二十一世纪资本论》对自18世纪工业革命至今的财富分配数据进行分析,认为不加制约的资本主义导致了财富不平等的加剧,自由市场经济并不能完全解决财富分配不平等的问题。皮克迪建议通过民主制度制约资本主义,这样才能有效降低财富不平等现象。
皮克迪将世界经济分成两个基本要素:资本和劳动力,两者都被用于生产并分享产出的收益。资本与劳动力的区别在于,资本可买入、卖出、拥有,而且从理论上讲可无限累积,劳动力是个人能力的使用,可获得酬劳,但不能被别人所拥有。皮克迪认为,由于资本回报率总是倾向于高于经济增长率,所以贫富差距是资本主义固有现象。他由此预测,发达国家贫富差距将会继续扩大,建议征收全球性财富税。
皮克迪在中,对过去300年来的工资财富做了详尽探究,并列出有关多国的大量收入分配数据,旨在证明近几十年来,不平等现象已经扩大,很快会变得更加严重。在可以观察到的300来年左右的数据中,投资回报平均维持在每年4%–5%,而GDP平均每年增长1%–2%。5%的投资回报意味着每14年财富就能翻番,而2%的经济增长意味着财富翻番要35年。在一百年的时间里,有资本的人的财富翻了7番,是开始的128倍,而整体经济规模只会比100年前大8倍。虽然有资本和没有资本的人都变得更加富有,但是贫富差距变得非常大。
促进增长并不是皮克迪所关注的,他没把它视为经济事件,也不认为它能解决更广阔的分配公平问题。他认为经济是静态的零和游戏;如果一个群体的收入增加,另一个群体就会不可避免地变穷。他把结果的平等性视为最终目的和唯一原因。而以下备选却很少提及—例如,最大化社会总体财富,或是增强经济自由,亦或是寻找最有可能的机会平等,又或按约翰·罗尔斯(John Rawls)的观点,保证最贫困人群的福利得到最大化。
在书里提出了一系列简单的建议:征收15%的资本税(财富总额),把最高收入人群的所得税提到80%左右,强迫银行提高透明度,提高通货膨胀等等。但皮克迪也指出,他觉得这些措施是不太可能实现的,因为控制资本主义社会的精英可能宁可看到这个系统崩溃,也不会愿意让步。