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The excitement of Surviving Large Losses is not easy to convey. It is a different kind of thinking cap, that's all. On every page it reflects the substantial changes wrought by political economists during the past thirty years or so in the way we understand the sources of the wealth and poverty of nations. It delivers a profoundly optimistic message, however—that eventually we get wise to ourselves; that gradually financial knavery is reduced; that by learning from our mistakes we are creating a more stable financial order, and perhaps even a more just world.
— David Warsh