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Sale

Fault Lines - How Hidden Fractures Still Threaten the World Economy

by Raghuram G. Rajan
₱787.05 Now ₱688.05 Save 13%
Fault Lines - How Hidden Fractures Still Threaten the World Economy - Thryft
Fault Lines - How Hidden Fractures Still Threaten the World Economy - Thryft

Unveils economic fractures fueling global crises.

If you've ever wondered about the underlying issues that led to the global financial meltdown, "Fault Lines" is an essential read. Raghuram Rajan doesn't just point fingers at the usual suspects; he unveils the systemic weaknesses that set the stage for economic disaster. You'll gain a deep understanding of the interconnectedness of global economies and the precarious balancing act that supports them. This book will arm you with knowledge about the troubling forces at play beneath the surface of global financial systems.

  • 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
₱787.05 Now ₱688.05 Save 13%
ISBN: 9780691146836
Authors: Raghuram G. Rajan
Publisher: Princeton University Press
Date of Publication: 2010-05-24
Format: Hardcover
Related Collections: History, Business, Politics, Economics
Related Topics: Politics, Finance, History, 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's tempting to blame what happened on just a concerns 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
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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Unveils economic fractures fueling global crises.

If you've ever wondered about the underlying issues that led to the global financial meltdown, "Fault Lines" is an essential read. Raghuram Rajan doesn't just point fingers at the usual suspects; he unveils the systemic weaknesses that set the stage for economic disaster. You'll gain a deep understanding of the interconnectedness of global economies and the precarious balancing act that supports them. This book will arm you with knowledge about the troubling forces at play beneath the surface of global financial systems.

  • 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.