Popular Fault Lines: How Hidden Fractures Still Threaten the World Economy Full
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Paperback. Pub Date :2011-08-08 Pages: 272 Language: English Publisher: Princeton University Press Raghuram Rajan was one of the few economists who warned of the global financial crisis before it hit. Now. as the world struggles to recover. its tempting to blame what happened on just a few greedy bankers who took irrational risks and left the rest of us to foot the bill. In Fault Lines. Rajan argues that serious flaws in the economy are also to blame. and warns that a potentially more devastating crisis awaits us if they arent fixed. Rajan shows how the individual choices that collectively brought about the economic meltdown - made by bankers. government officials. and ordinary homeowners - were rational responses to a flawed global financial order in which the incentives to take on risk are incredibly out of step with the dangers those risks pose. He traces the deepening fa...
Paperback. Pub Date :2011-08-08 Pages: 272 Language: English Publisher: Princeton University Press Raghuram Rajan was one of the few economists who warned of the global financial crisis before it hit. Now. as the world struggles to recover. its tempting to blame what happened on just a few greedy bankers who took irrational risks and left the rest of us to foot the bill. In Fault Lines. Rajan argues that serious flaws in the economy are also to blame. and warns that a potentially more devastating crisis awaits us if they arent fixed. Rajan shows how the individual choices that collectively brought about the economic meltdown - made by bankers. government officials. and ordinary homeowners - were rational responses to a flawed global financial order in which the incentives to take on risk are incredibly out of step with the dangers those risks pose. He traces the deepening fa...