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Slapped by the Invisible Hand: The Panic of 2007


Originally written for a conference of the Federal Reserve, Gary Gorton's "The Panic of 2007" garnered enormous attention and is considered by many to be the most convincing take on the recent economic meltdown. Now, in Slapped by the Invisible Hand, Gorton builds upon this seminal work, explaining how the securitized banking system, the nexus of financial markets and instruments unknown to most people, stands at the heart of the financial crisis. The securitized banking system is, in fact, a real banking system, allowing ...

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Slapped by the Invisible Hand: The Panic of 2007
2010, Oxford University Press, USA, New York, NY

ISBN-13: 9780199734153


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