Summary: Fault Lines E-Book

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• Herausgeber: Political Book Summaries
• Kategorie: Fachliteratur
• Sprache: Englisch

Seitenzahl: 17

Veröffentlichungsjahr: 2017

Beschreibung

The must-read summary of Raghuram G. Rajan’s book: “Fault Lines: How Hidden Fractures Still Threaten the World Economy”. 

This complete summary of “Fault Lines” by Raghuram G. Rajan, a globally renowned economist, shows how the serious flaws in the economy were to blame for the global financial crisis. He warns readers that these fractures have not been fixed and that there is a possibility that another devastating crisis could strike if action is not taken. He outlines what needs to be done to find a solution. 

Added-value of this summary:
• Save time
• Understand the financial crisis and the flawed economy that contributed to it
• Expand your knowledge of global economics and finance

To learn more, read “Fault Lines: How Hidden Fractures Still Threaten the World Economy” and discover what needs to be done to prevent a future global crisis.

Leseprobe

Book Presentation: Fault Lines by Raghuram G. Rajan

Book Abstract

As the world struggles to recover from the global financial crisis, it’s tempting to blame the crisis 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 he warns that a potentially more devastating crisis awaits us if these flaws aren’t fixed. Rajan asserts that the individual choices that collectively brought about the economic meltdown 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 shows how inequalities in U.S. incomes, education, and health care are putting all of us into deeper financial peril. Rajan also outlines sensible reforms to ensure a more stable world economy and to restore lasting prosperity.

About the Author

Raghuram G. Rajan teaches economics at the University of Chicago. Formerly, he was chief economist at the International Monetary Fund. He is also the co-author of Saving Capitalism from the Capitalists and a recipient of the Fisher Black Prize in economics.

Summary of Fault Lines (Raghuram G. Rajan)

Introduction

The financial collapse of 2007 and the subsequent recession left many economists with a black eye. Some financial experts, of course, saw the crisis coming. However, most financial prognosticators were caught flat-footed by events. Not surprisingly, the public’s faith in economists and financial professionals was greatly shaken.