TY  - BOOK
AU  - Rajan,Raghuram
TI  - Fault lines: how hidden fractures still threaten the world economy 
SN  - 9780691152639
SN  - 978069115
AV  - HC110.I5 R36 2011
U1  - 330.90511 RAJ 2011 22
PY  - 2011///]
CY  - Princeton, N.J.
PB  - Princeton University Press
KW  - Income distribution
KW  - United States
KW  - History
KW  - 21st century
KW  - Global Financial Crisis, 2008-2009
KW  - Economic history
KW  - POLITICAL SCIENCE / Public Policy / Economic Policy
KW  - BUSINESS & ECONOMICS / Economics / General
KW  - Social conditions
N1  - Includes bibliographical references (pages 241-256) and index; Let them eat credit -- Exporting to grow -- Flighty foreign financing -- A weak safety net -- From bubble to bubble -- When money Is the measure of all worth -- Betting the bank -- Reforming finance -- Improving access to opportunity in America -- The fable of the bees replayed
N2  - 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 home-owners - 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.--; Economics
ER  -