{"title":"Adair Turner","description":"\u003cp\u003eWelcome to the collection of works by Adair Turner, a prominent thinker and writer in the field of economics. Renowned for his insightful analysis and accessible writing style, Adair Turner addresses some of the most pressing financial issues of our time. His works are essential reading for anyone interested in understanding the complexities of global finance and economic policy.\u003c\/p\u003e\n\u003cp\u003eOne of his key publications, \u003cem\u003eBetween Debt and the Devil\u003c\/em\u003e, offers a critical examination of modern financial systems and the risks posed by excessive debt accumulation. Turner unpacks these complex topics with clarity, making his books a valuable resource for both students and those with a keen interest in economic affairs.\u003c\/p\u003e\n\u003cp\u003eExplore Adair Turner's collection to gain a deeper understanding of the educational and reference materials that challenge conventional financial wisdom and propose innovative solutions to economic challenges.\u003c\/p\u003e","products":[{"product_id":"between-debt-and-the-devil-by-adair-turner-9780691175980","title":"Between Debt and the Devil","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eAdair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis.\u003c\/p\u003e\n\n\u003cp\u003eIt didn't happen because banks are too big to fail—our addiction to private debt is to blame. \u003ci\u003eBetween Debt and the Devil\u003c\/i\u003e challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth—it drives real estate booms and busts and leads to financial crisis and depression.\u003c\/p\u003e\n\n\u003cp\u003eTurner explains why public policy needs to manage the growth and allocation of credit creation, and why debt needs to be taxed as a form of economic pollution. Banks need far more capital, real estate lending must be restricted, and we need to tackle inequality and mitigate the relentless rise of real estate prices.\u003c\/p\u003e\n\n\u003cp\u003eTurner also debunks the big myth about fiat money—the erroneous notion that printing money will lead to harmful inflation. To escape the mess created by past policy errors, we sometimes need to monetise government debt and finance fiscal deficits with central-bank money.\u003c\/p\u003e\n\n\u003cp\u003e\u003ci\u003eBetween Debt and the Devil\u003c\/i\u003e shows why we need to reject the assumptions that private credit is essential to growth and fiat money is inevitably dangerous. Each has its advantages, and each creates risks that public policy must consciously balance.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"NewSouth Books","offers":[{"title":"Default Title","offer_id":45880540856556,"sku":"9780691175980","price":36.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9780691175980.jpg?v=1730859073"}],"url":"https:\/\/bookhero.pro\/collections\/adair-turner.oembed","provider":"Book Hero","version":"1.0","type":"link"}