Financial leadership must not be confused with financial wealth, warns Jeremy Taylor in this compelling work--the most recent in his Quorum Books series. He sets up guideposts from history to point the way out of our current financial crisis and develops the concept of financial stewardship to show why private gain must be countered with public responsibility. In the course of U.S. history six leaders emerged to set the country on a balanced course--Alexander Hamilton, Andrew Jackson, Abraham Lincoln, Theodore Roosevelt, Carter Glass, and Franklin Roosevelt. By exercising leadership, they were able to achieve the primary goal of finance--balancing private and public interests. Based on their successes and on an analysis of recent history, Taylor recommends specific actions for rebuilding a financial system with a sense of public responsibility.Taylor chronicles how the great financial leaders in U.S. history succeeded in moving the country forward by serving as intermediaries between contradictory economic forces. He then discusses the series of financial failures that began in the 1970s--lack of monetary discipline, disturbances in commercial financial institutions, and budgetary irresponsibility. He concludes by proposing specific measure based on a sense of public responsibility. These include replacing multiple oversight boards with designated agencies and replacing laissez-faire policies with enforcement of prudent management policies in the private sector.
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Introduction The Crossroads Tremors in Finance Unlocking Leadership Tales of Leadership Past Entrepreneurialism Unbound, 1790-1860: Alexander Hamilton, Nicholas Biddle, Andrew Jackson Abraham Lincoln and the Revival of Financial Responsibility Financial Inequality Under Finance Capitalism: Civil War to World War I A Framework for Finance, 1907-1913: Carter Glass and the Federal Reserve Finance in Four Dimensions: 1920 and After The Present Times The Modern Federal Reserve and the Money Maze Cry Havoc: Banks and Markets After 1980 Country Leadership: Pride and Prejudice in the Pacific Basin The Keeping of Finance Finance and Stewardship Refinancing America Selected Bibliography Index
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Financial leadership must not be confused with financial wealth, warns Jeremy Taylor, who sets up guideposts from history to point the way out of our current financial crisis. By developing the concept of financial stewardship, he shows why private gain must be countered with public responsibility.
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Produktdetaljer
ISBN
9780899305912
Publisert
1991-03-30
Utgiver
Vendor
Praeger Publishers Inc
Aldersnivå
UU, UP, P, 05, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
256
Om bidragsyterne
JEREMY F. TAYLOR is Assistant Vice President of Finance at Key Bank of Central New York. He is the author of The Banking System in Troubled Times (Greenwood Press, 1989), and The Process of Change in American Banking (Greenwood Press, 1990).