Trouble With Markets

Roger Bootle is one of Britain's most respected economists. He has a reputation for originality, forthrightness and insight which few can match. In 1996 he rocked the economic establishment with his prophetic books, The Death of Inflation and latterly Money for Nothing, which forecast the crash in the housing market. At the time he was roundly criticised, but events have proved him right. Bootle runs the influential London-based consultancy Capital Economics, which advises some of the world's largest banks, fund managers and retailers, as well as house-builders, lenders and assorted companies of all shapes and sizes. He is also Economic Adviser to Deloitte & Touche, a Specialist Adviser to the House of Commons Treasury Committee and a Visiting Professor at Manchester Business School. He was formerly Group Chief Economist of HSBC, and before the change of government, he was a member of the former Chancellor's panel of Independent Economic Advisers, the so-called Wise MenA". He is an Honorary Fellow of the Institute of Actuaries. Bootle studied at Oxford University and then became a Lecturer in Economics at St Anne's College, Oxford. He has written many articles and books on monetary economics. He writes a widely read weekly column in The Telegraph, appears frequently on television and radio, and is a much sought-after speaker at conferences and business gatherings around the world.

• Contents: Preface / Part I The Great Implosion / Markets, Money and the Power of Ideas / How bad will it be? - Another Great Depression? / From deflation to inflation? / Part II The Trouble with Markets / Where the market doesn't work / Why financial markets fail / The Chinese connection / Part III From Depression to Recovery / How you can survive the downturn - and prosper in the recovery / How the world can get out of this mess / Saving capitalism from itself / Conclusion - The future of capitalism

"Compelling prescriptions from an economist unusually able to speak with authority - because unlike most of his peers, Bootle spotted that the boom was unsustainable." Robert Peston, BBC Business Editor and author of Who Runs Britain? This book will stand out in the explosion of financial crisis literature. Roger Bootle is one of the top, practical economists in the financial world but he is not afraid to tackle the bigger, deeper questions around the future of capitalism, the role of markets and government.A" Vince Cable, MP, and author of The Storm: The World Economic Crisis and What it Means "An excellent explanation of what led to the 'Great Implosion' ... what marks this book out is the admirable care that Bootle has taken to address concerns that a reader who is new tot eh top might have. Bootle is also diligent in shooting down some of the most common canards that have flapped their way through the crisis. A clear and cogent guide to the problems - and the solutions - that lie ahead." The Financial Times Roger Bootle knows how markets work, and also when they don't work. Everyone who wants a real understanding of the strengths and weaknesses of the market economy should read this book.A" John Kay, Financial Times columist, visiting professor at the London School of Economics and author of The Long and the Short of It "A brilliant book that puts markets in stunning perspective. Once again, Roger Bootle tackles, head on, some of the toughest economic questions of our time. An extraordinarily penetrating and absorbing analysis." Sir Brian Pitman, Former Chairman, Lloyds TSB Group "Roger Bootle's The Trouble with Markets: Saving Capitalism from Itself impresses with its style, substance and courage. I hope that the Lucases read and respond, the young quants listen and learn and the CEOs and risk managers comprehend and implement it." Prof. Dr. Norbert Walter, Chief Economist of Deutsche Bank Group and CEO of Deutsche Bank Research "A man with a reputation for looking into the future. Apart from his foresight and originality, his books are written in an acerbically witty style and this one is no different. Bootle will be assured massive media attention." The Bookseller, Business Big Seller