Fault lines Raghuram Rajan Hardcover and 50 similar items

Fault lines ? Book Details: Author: Raghuram Rajan Publisher: Princeton University Press Publication Year: 2010 Special: Hardcover SKU: B121 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 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. ISBN: 9780691146836 ? Key Features: ? Ideal for collectors and book enthusiasts ?? May be signed by the author ? Could be a first edition or out-of-print ? Stored in a smoke-free environment ? A perfect addition to any bookshelf ? Shipping Handling: We will process and ship your order within 1-2 business days. A tracking number will be provided with each order. International shipping available to ensure buyers worldwide can enjoy our books. ? Buy with Confidence: As a trusted seller with over 1000 positive reviews, your book will be carefully packaged to ensure it arrives in excellent condition. ? Important Information: Please note that the condition, signatures, and edition details are based on the images provided. We strongly recommend reviewing all images closely for the most accurate details. If you have any questions, feel free to contact us, and we will be happy to assist you. Return Policy: No returns accepted for this item.