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Fault Lines : How Hidden Fractures Still Threaten The World Economy

by Raghuram G. Rajan
₱733.95 Now ₱513.90 Save 30%
Fault Lines : How Hidden Fractures Still Threaten The World Economy - Thryft
Fault Lines : How Hidden Fractures Still Threaten The World Economy - Thryft

Understanding global economy's hidden flaws in-depth.

"Fault Lines" is a must-read for anyone seeking to understand the root causes of the 2008 financial crisis. The author, who predicted the crisis before it happened, provides a thorough analysis of the flaws in the global economy. Rajan argues that the incentives to take on risk are out of step with the actual risks, creating a system in which the choices made by bankers, government officials, and homeowners set the stage for a meltdown. He focuses on America's growing inequality and its deepening fault lines, which create tremendous economic challenges. This book is recommended for anyone interested in understanding the causes and potential solutions of the current economic challenges facing the world.

  • Financial Times Business Book of the Year (2010)
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
Sale

Fault Lines : How Hidden Fractures Still Threaten The World Economy

by Raghuram G. Rajan
₱733.95 Now ₱513.90 Save 30%
ISBN: 9788172239732
Estimated First-hand Retail Price: ₱1,235.70
Authors: Raghuram G. Rajan
Publisher: Harper-Collins, India
Date of Publication: 2010-07-01
Format: Hardcover
Related Collections: Politics, History, Business, Economics
Related Topics: History, Politics, Finance, Money, Finance
Goodreads rating: 4.11
(rated by 5020 readers)

Description

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 is tempting to blame just a few greedy bankers who took irrational risks and left the rest of the world to foot the bill. In Fault Lines, Rajan argues that serious flaws in the global economy are also to blame, and warns that a potentially more devastating crisis awaits if they are not fixed. Rajan shows how the individual choices - made by bankers, government officials, and ordinary homeowners - 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 traces the deepening fault lines in a world overly dependent on the indebted American consumer to power economic growth and stave off global downturns. Alongside, America's growing inequality and thin social safety net create tremendous
Condition guide

Book Condition Guide

Books in Like New Condition

This book may contain very minor cosmetic defects, but it is in pristine condition. There should be no yellowing, no foxing, no water damage, and no annotations of any kind on the cover and the pages. For paperbacks, there should not be any crease marks on the spine. This book is good as new — lucky you!

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Very Good Condition

This book has been used, but it is still in a clean condition. There should be no foxing or annotations of any kind on the inner pages, but a sparse amount may be present on the cover, title pages, or outside edges of the book. There should be no water damage of any kind. For paperbacks, there may be light crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Good Condition

We do our best to ensure the quality of our books, but there is no escaping the wear and tear that comes with time. Slight foxing and some annotations may be present on the pages and the cover. There should be no water damage of any kind. For paperbacks, there may be several crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Well Read Condition

This is a well-read book, which means that the previous owner probably really enjoyed it! The cover and pages may include moderate foxing and annotations, but the text is not obscured and still readable. Moderate cosmetic defects and minor water damage may be present on the edges of the book. For paperbacks, there may be multiple crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

 

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Similar Reads

Understanding global economy's hidden flaws in-depth.

"Fault Lines" is a must-read for anyone seeking to understand the root causes of the 2008 financial crisis. The author, who predicted the crisis before it happened, provides a thorough analysis of the flaws in the global economy. Rajan argues that the incentives to take on risk are out of step with the actual risks, creating a system in which the choices made by bankers, government officials, and homeowners set the stage for a meltdown. He focuses on America's growing inequality and its deepening fault lines, which create tremendous economic challenges. This book is recommended for anyone interested in understanding the causes and potential solutions of the current economic challenges facing the world.

  • Financial Times Business Book of the Year (2010)
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.