Finance Book Reviews Samples For Students

The book focuses on the financial aspects of investing in stocks. The author’s main contentions are that long term investment in the stocks is cheap to the investor and yields higher income than short term investments. The author backs these sentiments with an in depth research and analysis that shows the strategies and steps that can be used to accumulate portfolio with high returns at low risk. These contentions are in tandem with the historical information, which the author has also presented. The historical records show how the long term stocks have turned out to be low risk ...

The book “The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron” is written by peter Elkind and Bethany McLean and portrays the corporate nexus, haughtiness, gluttony, workings and manipulations. This implausible yet entertaining piece of literary work has earned acclaim from all over and gives an elaborated account of corporate governance and failure of Enron, a massive energy management firm. The story of this book revolves around the company, Enron, its officials and their fraudulent tricks. In this paper, we would discuss the authors, their work and several aspects of the book written by them.
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1. Describe how a country producing more capital goods rather than consumer goods ends up in the future with a PPF that is larger than a country that produces more consumer goods and fewer capital goods?

PPF (Production Possibility Frontier) shows the maximum production level in the economy, assuming that the country produces only two products, which share same resources, available at the moment. In figure 1 the production trade off in the country is between consumer and capital goods. If the country is producing more capital goods, than consumer goods, as indicated by point A, it sacrifices producing consumer goods. However, ...

Introduction

The book “Greed and Fear” is a very powerful account of the impacts of psychology on economics. This book takes an insight overview of the investor irrationalities and its effects on the market prices and returns. The author gives an account of how the effects contradict the efficient market hypothesis. According to the author, the phrase “hope and fear” gives a better description of the reactions and the behavior of different market players. From the book it can be established that all financial practitioners eventually let bias, overconfidence and emotion influence their judgment and actions. The author uses the latest psychological ...

Introduction

In the year 2008, the United States was plunged into a financial crisis that was the worst ever experienced since the Great depression. Most banks collapsed during this period and the state was involved in organizing for a transfer of wealth. Many scholars among them economists and financial experts were shocked by the speed at which the events took place. John Bellamy in his book “The Great Financial Crisis” gives a bold analysis of the financial meltdown, its causes, how it developed and the implications that it had to the general economic status of America and other countries across the globe.

This ...

The Return of Depression Economics and the Crisis of 2008

The Return of Depression Economics and the Crisis of 2008 is an economics book that was written by Paul Krugman. The book is an analysis of the 2008 financial crisis that followed an economic downturn amid huge economic activity in the financial sector of many economies including that of the United States of America. The book further follows and traces integration of the unfavorable economic conditions into the financial crisis experienced in the year 2008. In addition, Paul Krugman considers the parameters that characterize a relationship in an economic depression context basing the argument on the depression and the economic ...

Introduction

“International financial stability” was written by Roger w. Ferguson, Philipp Hartmann, Fabio Panetta and Richard Portes and published in the year 2007.The book provides an all inclusive perspective of financial stability in the consideration of great structural changes in the global financial system in the course of the last ten years. It is not an account of the events that occurred recently but it instead gives an analysis of “secular phenomenon” in a view point informed by “frontier academic research”. This report is going to look at the main issues raised by the authors in the book in relation to ...

Jeffrey D. Sachs is among the few economists from the developed world who empathize and sympathize with the world’s poor. He views the world as a global super-community in which the disparate human societies have a common destiny. A world in which true progress will only be possible if we rise as a unit, if the world’s poor are helped out of the circumstances of their birth. His book, The End of Poverty: Economic Possibilities for Our Time, especially forcefully argues this view. It follows that a recurring theme in the book is the need for a paradigm shift in our global ...

Introduction

Casino Capitalism is a vivid description of the international financial markets, their behavior, and the economic strength they yield to various entities. The book goes on to describe the advantages of international financial markets and some of the evils associated with the same. The author, Susan Strange was a former student of the British international relations studies; she is mostly renowned for her contributions to the creation of the international political economy. Apart from her major publication of the Casino Capitalism in 1986, she also published other books, namely: States and Markets (1988), The Retreat of the State (1996) ...

Assignment : Essay based on Chapter 5 of “Beggar thy neighbour”.

Assignment number

Assignment –A (1238 words)
Essay-1
Question: The economic consequences of lending at compound interest resulted in loss of productive yield of the society. How finance dominated over economics and politics by using this concept of interest (Geisst 193)?

Introduction

The question given above poses a mandatory evaluation of the harmful impact of the compound interest based lending and consequent ease of loans for the people of America. The author, Charles Geisst, used the viewpoint of John Maynard Keynes to explain that the American society was so possessed by the idea of easily availing the loans using compounded ...

Introduction

In his book “ When Genius Failed,” Roger Lowenstein`s fundamental argument is that the events and the activities that occurred at the Long Term Capital Management hedge fund ultimately acted as a trigger or precursor to the 2008 Global Financial Crisis that occurred 8 years after the fund`s winding up. Throughout the book, Lowenstein gives a detailed account of the formation, growth, expansion and ultimate fall of the fund which was founded and run successfully for 5 years by John Meriwether.
Although Lowenstein does not make any specific reference to the 2008 financial crisis since after the entire ...

Part 4 and Part 5 Final Paper

Actual changes that are eminent in the expounded Chapter three of ‘A History of Usury and Debts’ entails an in-depth insight of the connection between war, capitalism, Protestants as well as their significance in the development of banking and debts around the world, an ordeal which reflects the current status of financial markets. The author well explains Protestants' connection to usury and debt, and how the selection from the Roman Catholic influenced other themes in the chapter, such as war and capitalism (Geisst 107).
Actual changes include the way the three themes related in the previous part is construed ...

When the Genius Failed-The Rise &Fall of Long Term Capital Management (LTCM) provides in depth insight into the world of hedge funds (Lowenstein, 2001). It outlines useful lessons to investors by illustrating the way capital markets can be severe on individuals and entities that have reduced capital markets to precise mathematical and scientific analysis. The text explores who the leading characters are, how they grew, marketed and managed the long term funds, and the factors that led to their collapse. Ideally, the author attempts to make complex financial concepts and structures easy to understand. The book provides examples suggesting ...

The book titled “When Genius Failed: The Rise and Fall of Long-Term Capital Management”, written by one of the famous financial journalists, Roger Lowenstein gives an account of how the 1998 collapse of Long-Term Capital Management (LTCM), a hedge fund panicked the financial markets . The author explains in his book about how banks relied on various brand names that have been established LTCM through its partners and how lenders were ignorant to the assets and strategies of LTCM. He illustrates several examples that suggest the models, strategies and trades used by LTCM, thereby offering valid reasons as to how ...

Globalization can be defined as the increasing relationships in the globe concerning culture, economical activities and political influences. In economics, economic globalization refers to the unrestricted movement of goods and services across the national borders with little or no barriers. It has been argued that economic globalization can result in economic growth in developing and developed countries through specialization, reduced labor and technology importation and comparative advantage. Critics have challenged the idea of globalization by claiming that the people encouraging globalization only looks exaggerates the advantages and underestimates the costs of globalization. It is in this perspective that we ...

The book chosen for review is considered to be one of the most important for understanding the complicated system of derivatives and general reasons of economic crisis. When genius failed: the rise and fall of long-term capital management is the book written by financial journalist Roger Lowenstein who has written articles for the "Wall Street Journal" for more than two years. He has published three books and also initiated various publications for "Smart Money" and "The New York Times". The work When genius failed: the rise and fall of long-term capital management provides readers with fundamental basis for deep ...

Section 1: What is the something else that DeSoto argues is necessary for a capitalist economy to produce wealth? Choose and explain one example or counter example used by DeSoto to make his case.
The developed capitalist economies have the wealth to produce more financial resources for the investors. The individuals in the developed countries have houses, lands, and many other assets depending on those they can produce financial resources through the developed financial markets to make relatively more and more investments. Consequently, according to DeSoto, the capital is the most influential factor to be relatively more competitive in ...

The book, The Quest for Prosperity, is written by, Justin Yifu Lin. Mr. Lin is the chief economist and senior vice president of the World Bank. He illustrated in his book, a fascinating overview of development, development of economies, development for the underdeveloped countries and economies particularly after the Second World War. The book written by Justin Yifu Lin has been notable and it has been acknowledged as a knowledgeable and highly sophisticated book for people that have their interest in economic development, economic policies, economic growth, development of economies and development for third world countries that are struggling to improve ...

On the brink: Inside the race to stop the collapse of the global financial system is an account of the events that took place prior to and during the global financial crisis and the federal governments’ efforts to save some of the major banks in the united states. It zips through Paulson’s career (with a political stint as an aide in the Nixon White House) and then concentrates on his extraordinary 30 months in treasury. When Hank Paulson (the then chairman and Chief Executive Officer at Goldman Sachs) joined the Bush administration as the treasury secretary of state July ...

Geisst R. Charles’, Beggar Thy Neighbor: A history of Usury and Debt.

Part 2: Description of Expected Plans of Revisions and Expansions.

This paper primarily focuses on examining the three themes that dominated the era of usury and debt. The segregation of Protestants from the main denomination, that is, the Roman Catholic Church, the subsequent wars and Capitalism are some of the major things witnessed during that era. This paper will explore the major themes while having a look whether there exist any form of connection between them. From the Authors point of view, there is a connection between the three themes therefore he discussed them as a single ...

The book When genius failed: the rise and fall of long-term capital management created by Roger Lowenstein, popular financial journalist, helps reader to understand the general reasons of economic crisis. It is important to mention that the author had gained great experience in the sphere of fund market analysis before he wrote the book to be discussed. He worked for "Wall Street Journal" and wrote article for well-known magazines and newspapers initiating reports on finance. The analysis of LTCM was conducted by the author. This company had a great impact within the financial market that is why Lowenstein accepted ...

Analysis of a Panic of 1907

The world has a witnessed some global financial crisis. The most notable one is the great depression that had severe impacts on the economy of the world. Developing nations were adversely affected by the crisis that hit many free markets. Nevertheless, the 20th century was marked by a panic, which ensued on the Wall Street. The aftermath is that American economy and Europe was not spared either as well as the rest of the world. The main aim of this exposition is to analyze the book The Panic of 1907; lessons learned from the Market’s Perfect Storm by ...

Book Review

Protestants refer to any of the varied denominations of Christianity that differed and subsequently separated from the Roman Catholic Church based. The separation was occasioned by theological or political differences during the Reformation. Reformation was the religious movement of the 16th century that began as an attempt to reform the Roman Catholic Church, and it collapsed to the creation of Protestant churches. Capitalism, on the other hand, refers to the economic system based on private ownership of capital. War refers to an active struggle between competitive entities. Therefore, this paper will focus on examining these three themes that dominated ...

Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter

1. Introduction
2. Format of the book
a. Each chapter is a new lesson
b. The authors give examples from their own life
c. The book was written by easy words, that can be understood even by kid
3. Rich and poor people
4. Rich people do not work for money, but money work for them
5. Develop financial skills
6. Conclusion
How much classical education gives to the person? Mathematics, literature, history, physics and chemistry - everyone studied these sciences for many years, but how much they have helped the common man in real life? Can it help ...

Part 2

Rodrik portrays globalization as problematic and continues to claim that it leads to a problem of triangulation. He asserts that the countries cannot pursue all their internal activities without external interference. This is a case of a trilemma where nations are unable to afford national autonomy, democracy and economic liberty at the same time. This is because trade affects the internal structures of countries and also exerts political influence in the countries administrations.
Globalization has suffered many hitches since it was introduced. The author cites the collapse of the gold standard of the 1914 due to economic problems. This was because ...

Categories of employees’ complaints

(What are the specific things the employees are unhappy about? If you were to group their specific complaints together, how might you summarize the kinds of complaints the employees have? You are welcome to create the categories, describe the categories and then list the examples from the video.)

The most specific things the employees are unhappy about are low wages, poor working conditions, lack of interaction and communication with management, lack of investment in employees, lack of pleasant and enjoyable work environment, lack of feedback from managers concerning ideas and suggestions, etc. These complaints may be summarized in several ...

Abstract

The following paper is a summary of the book “Globalization and its Discontents” by the Noble Laureate Joseph E. Stiglitz. This book talks about how globalization has failed to achieve the economic equality it was meant to produce, enumerating the faults in the working of the International Monetary Fund, the World Bank and the World Trade Organization and what steps they must take to put reformed policies in place such that both developing and developed nations can benefit from their respective economies and free markets
Keywords: International Monetary Fund, finance, economy, free markets, World Bank

Introduction

The world is ...

The Dag Hammarskjöld Foundation supports a “Development Dialogue” series in order to encourage and promote dialogue, communication and debate on subjects between North and South global divisions. In June 2012 the Foundation published a book edited by the Civil Society Reflection Group on Global Development Perspectives titled No Future without Justice. The civil society reflection group was established in the fall of 2010 and is comprised of members of a variety of civil society organizations (CSOs). At first the group came together informally in order to discuss the numerous global crises that are happening simultaneously. By November of 2010 the group ...

Starting from 1920 RCA had been an electronic giant produced radios, and later, televisions, located in Philadelphia, a city of Camden. Aiming at profit maximization the company moved the parts of operating process several times inside of the US, and then abroad seeking for cheap workforce.

The major reason for moving a significant part of RCA operations is that the company intended to save labor costs by hiring people in rural areas, poor, young, uneducated, single, female and immigrants. Another fact that gives the evidence of this tendency is that RCA moved its plants several times during seventy years of its ...

Summary : Managing business ethicsLinda K. Trevino & Katherine A. Nelson. Wiley; 5th edition

Chapter 4 – Addressing individuals’ common ethical problems

Ethical issue when people work together (privacy, discrimination, sexual harassment or simply how people get along. Key is fairness meaning equity, reciprocity, impartiality
- Equitable is when something is divided between 2 people according to the worth & inputs of the 2 individuals. Most people think it’s unfair when 2 people have performed the same duty but receive a different share of the reward
- Reciprocity: “if you do this for me I’ll do this for you”. Most ppl think it’s unfair if ...

[Writers Name]

Joseph E. Stiglitz surely knows a thing or two about International Economics. The Nobel Laureate Columbia University Economics Profe.ssor, who served from 1995 to 1997 under US President Bill Clinton as the Chairman of the Council of Economic Advisers, and then from 1997 to 2000 as the Vice President and Chief Economist at the World Bank, debates in detail, the effect that globalization has had on the world.
Globalization, as a process, is the coming together of countries. It all but eliminates the needs for boundaries, making countries interconnected. The resulting effects are increased trade, better communication, and ...

Introduction

The book explores the chronical destitute and unequality within the American population. Seth Rockman is a revolutionary and Early U.S history specialist focusing on capitalism and slavery in America’s social and economic development. He has researched on histories of labor, race and social welfare. Particularly, he has focused on aspects that have been vital making America the wealthiest, egalitarian and free society in the western world. The scenario revolves around a fast developing and scrappy border of Baltimore city to 1840s. The book focuses on people who labored during early capitalist revolution and negligence in economic and industrial expansion success. ...

PayPal

This paper will review the book “The PayPal Wars” written by Eric Jackson from his point of view. In his book, the author recounts a story that he experienced in the early days of the company as a senior employee in the marketing department. In his book, Eric shares some of the inside secrets that were going on in PayPal. In his book, Eric recounts how PayPal acted as a main competitor with Billpoint and how after some time, eBay bought PayPal to replace Billpoint, a system it was using for money transfer. EBay accrued control of PayPal for 1.5 billion dollars in ...

Time and again, the history of consumer debt in the United States has been given the time and attention of many researchers although not too many have looked into the state of personal debts in the country and its evolution. In his book, Louis Hyman attempts to resolve this case, looking back into the personal credit of the Americans for the past 200 years. Hyman checks the four connecting themes: the many that consumers make their purchases, the institutions that grant personal loans, the government’s role in personal financing, and the development of technology that has paved the ...