Fault Lines How Hidden Fractures Still Threaten the World Economy

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  • Engels
  • Paperback
  • 9780691152639
  • 28 augustus 2011
  • 270 pagina's
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The author was one of the few economists who warned of the global financial crisis before it hit. In this book, he argues that serious flaws in the economy are also to blame, and warns that a potentially more devastating crisis awaits us if they aren't fixed. It outlines the hard choices we need to make to ensure a more stable world economy.



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, it's 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 aren't 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 fault lines in a world overly dependent on the indebted American consumer to power global economic growth and stave off global downturns. He exposes a system where America's growing inequality and thin social safety net create tremendous political pressure to encourage easy credit and keep job creation robust, no matter what the consequences to the economy's long-term health; and where the U.S. financial sector, with its skewed incentives, is the critical but unstable link between an overstimulated America and an underconsuming world. In Fault Lines, Rajan demonstrates how unequal access to education and health care in the United States puts us all in deeper financial peril, even as the economic choices of countries like Germany, Japan, and China place an undue burden on America to get its policies right. He outlines the hard choices we need to make to ensure a more stable world economy and restore lasting prosperity.

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Inhoud

Taal
en
Bindwijze
Paperback
Oorspronkelijke releasedatum
28 augustus 2011
Aantal pagina's
270
Illustraties
Nee

Betrokkenen

Hoofdauteur
Raghuram G Rajan
Hoofduitgeverij
Princeton University Press

Overige kenmerken

Editie
Revised edition
Extra groot lettertype
Nee
Product breedte
162 mm
Product hoogte
26 mm
Product lengte
240 mm
Studieboek
Ja
Verpakking breedte
141 mm
Verpakking hoogte
25 mm
Verpakking lengte
215 mm
Verpakkingsgewicht
303 g

EAN

EAN
9780691152639

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