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Book Glossary

Last resort

by Eric A. Posner

Bailouts (Government policy)Global Financial Crisis, 2008-2009Financial crisesIntervention (Federal government)Intervention (international law)BUSINESS & ECONOMICS / Economic HistoryBUSINESS & ECONOMICS / FinanceLAW / Business & Financial

Eric A. Posner argues that bailouts, like those that took place during the 2008-2009 financial crisis, have happened in the past and that they are both "necessary and unavoidable in any modern capitalist or market-based system." Posner analyzes bailouts from economic, political, and legal angles.--Provided by publisher.

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Book data: Open Library