Martin Wolf





Martin Wolf



Average rating: 3.71 · 468 ratings · 56 reviews · 20 distinct works · Similar authors
Why Globalization Works

3.44 avg rating — 200 ratings — published 2004 — 2 editions
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The Shifts and the Shocks: ...

4.01 avg rating — 195 ratings — published 2014 — 12 editions
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Fixing Global Finance

3.66 avg rating — 71 ratings — published 2008 — 7 editions
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The Role of the State in an...

really liked it 4.00 avg rating — 1 rating — published 2004
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Perché la globalizzazione f...

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Erfahrungen Mit Der Profit-...

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The Shifts and the Shocks: ...

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Die Geplante Unternehmensst...

0.00 avg rating — 0 ratings — published 2007
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Advances in Experimental Me...

0.00 avg rating — 0 ratings — published 2012 — 5 editions
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Der Soldat Der Bundeswehr I...

0.00 avg rating — 0 ratings — published 2007
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“A country with secure property rights, scientific inquiry and technological innovation will become richer. But, since division of labour is limited by the size of the market, it will also benefit from trade, not just in goods and services, but in ideas, capital and people. The smaller a country is, the greater the benefits. Trade is far cheaper than empire, just as internal development is a less costly route to prosperity than plunder. This was the heart of Angell's argument.”
Martin Wolf, Why Globalization Works

“This book aims to learn from that mistake. One of its goals is to ask whether Minsky’s demand for a theory that generates the possibility of great depressions is reasonable and, if so, how economists should respond. I believe it is quite reasonable. Many mainstream economists react by arguing that crises are impossible to forecast: if they were not, they would either already have happened or been forestalled by rational agents. That is certainly a satisfying doctrine, since few mainstream economists foresaw the crisis, or even the possibility of one. For the dominant school of neoclassical economics, depressions are a result of some external (or, as economists say, ‘exogenous’) shock, not of forces generated within the system.”
Martin Wolf, The Shifts and the Shocks: What we've learned - and have still to learn - from the financial crisis

“Depressions are indeed one of the states a capitalist economy can fall into. An economic theory that does not incorporate that possibility is as relevant as a theory of biology that excludes the risk of extinctions, a theory of the body that excludes the risk of heart attacks, or a theory of bridge-building that excludes the risk of collapse.”
Martin Wolf, The Shifts and the Shocks: What we've learned - and have still to learn - from the financial crisis



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