Fault Lines: How Hidden Fractures Still Threaten the World Economy [New in Paper]

Fault Lines: How Hidden Fractures Still Threaten the World Economy [New in Paper]

by Raghuram G. Rajan
     
 

"Fault Lines provides an excellent analysis of the lessons to be learned from the financial crisis, and the difficult choices that lie ahead. Of the many books written in the wake of our recent economic meltdown, this is the one that gets it right."—George A. Akerlof, coauthor of Animal Spirits and Identity Economics

"Amidst the

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Overview

"Fault Lines provides an excellent analysis of the lessons to be learned from the financial crisis, and the difficult choices that lie ahead. Of the many books written in the wake of our recent economic meltdown, this is the one that gets it right."—George A. Akerlof, coauthor of Animal Spirits and Identity Economics

"Amidst the welter of books about our financial crisis, Rajan's book stands out for several reasons: the author's intellectual distinction, his academic and real-world involvement in the problems of finance and the macroeconomy, his global perspective, his search for the roots of the financial crisis in America's growing economic inequality, and also his prescience. In 2005, Rajan foresaw the coming financial collapse—and was fiercely criticized for his insight."—Richard A. Posner, author of A Failure of Capitalism: The Crisis of '08 and the Descent into Depression

"Beautifully clear, cogent, and highly readable. This is the best book out there on the global imbalances that gave us the last financial crisis and might well give us the next one."—Kenneth S. Rogoff, coauthor of This Time Is Different: Eight Centuries of Financial Folly

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Product Details

ISBN-13:
9780691152639
Publisher:
Princeton University Press
Publication date:
08/28/2011
Edition description:
With a New afterword by the author
Pages:
272
Sales rank:
217,935
Product dimensions:
5.50(w) x 8.40(h) x 0.90(d)

Table of Contents

Acknowledgments ix

Introduction 1

Chapter One: Let Them Eat Credit 21

Chapter Two: Exporting to Grow 46

Chapter Three: Flighty Foreign Financing 68

Chapter Four: A Weak Safety Net 83

Chapter Five: From Bubble to Bubble 101

Chapter Six: When Money Is the Measure of All Worth 120

Chapter Seven: Betting the Bank 134

Chapter Eight: Reforming Finance 154

Chapter Nine: Improving Access to Opportunity in America 183

Chapter Ten: The Fable of the Bees Replayed 202

Epilogue 225

Afterword to the Paperback Edition 231

Notes 241

Index 257

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