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Item Details
| Title:
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FAULT LINES
HOW HIDDEN FRACTURES STILL THREATEN THE WORLD ECONOMY |
| By: |
Raghuram G. Rajan |
| Format: |
Paperback |
| List price:
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£14.99 |
| Our price: |
£11.99 |
| Discount: |
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| You save:
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£3.00 |
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| ISBN 10: |
0691152632 |
| ISBN 13: |
9780691152639 |
| Availability: |
Usually dispatched within 1-3 weeks.
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rates
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| Stock: |
Currently 0 available |
| Publisher: |
PRINCETON UNIVERSITY PRESS |
| Pub. date: |
26 August, 2011 |
| Edition: |
With a New afterword by the author |
| Pages: |
280 |
| Description: |
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. |
| Synopsis: |
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. |
| Publication: |
US |
| Imprint: |
Princeton University Press |
| Prizes: |
Winner of Deutsche Bank Prize in Financial Economics 2013
Winner of Financial Times and Goldman Sachs Business Book of the Year Award
Winner of Independent Publisher Book Awards in the
Winner of Association of American Publishers Award for Best
Winner of Gold Medal Winner of the ForeWord Reviews Book of the Year Awards
Commended for TIAA-CREF Paul A. Samuelson Award 2010 (United States)
Commended for ForeWord Reviews Book of the Year Awards, Business and
Commended for Estoril Global Issues Distinguished Book Prize 2011
Short-listed for Best Business Books of the Year, strategy+business |
| Returns: |
Returnable |
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