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Fault Lines book cover

Fault Lines

How Hidden Fractures Still Threaten the World Economy

Raghuram G. Rajan

"Faut Lines" by Raghuram Rajan is a thought-provoking analysis of the global financial crisis. Rajan argues that while greedy bankers may have played a role, serious flaws in the economy are also to blame. He warns that a potentially more devastating crisis awaits us if these flaws aren't fixed. Rajan shows how individual choices made by bankers, government officials, and ordinary homeowners were rational responses to a flawed global financial system. This system is overly dependent on the indebted American consumer to power global economic growth and stave off global downturns. Rajan outlines the hard choices we need to make to ensure a more stable world economy and restore lasting prosperity.
Publish Date
2010-05-24T00:00:00.000Z
2010-05-24T00:00:00.000Z
Goodreads Rating
4.11
ISBN
8601400230060
Recommendations
0