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One of the few economists who warned of the global financial crisis before it hit, here shows that the decisions which together caused the meltdown were rational responses to what was a flawed global financial order. Winner of the 2010 Business Book of the Year Award, Financial Times/Goldman Sachs.
Synopsis
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.
