Fault Lines
By:Raghuram G. Rajan
Published on 2011-08-08 by 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, 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.
This Book was ranked at 36 by Google Books for keyword the world economy.
Book ID of Fault Lines's Books is HY1V19yWOJUC, Book which was written byRaghuram G. Rajanhave ETAG "lWA0dNtVfzw"
Book which was published by Princeton University Press since 2011-08-08 have ISBNs, ISBN 13 Code is 9781400839803 and ISBN 10 Code is 1400839807
Reading Mode in Text Status is true and Reading Mode in Image Status is true
Book which have "280 Pages" is Printed at BOOK under CategoryPolitical Science
This Book was rated by 4 Raters and have average rate at "3.0"
This eBook Maturity (Adult Book) status is NOT_MATURE
Book was written in en
eBook Version Availability Status at PDF is true and in ePub is true
Tidak ada komentar:
Posting Komentar