Raghuram G. Rajan
Fault Lines: How Hidden Fractures Still Threaten the World Economy
Издательство: Princeton University Press, 2010 г.
0691146837
Книгопечатная продукция
Объем: 272 стр.
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.
Посмотрите также...
Exit Voice and Loyalty: Responses to Decline in Firms, Organizations, and States
An innovator in contemporary thought on economic and political development looks here at decline rather than growth. Albert O. Hirschman makes a basic distinction between alternative ways of reacting to deterioration in business firms and, in ......
Topics in Advanced Econometrics: Estimation, Testing and Specification of Cross-Section and Time Series Models
This book provides a rigorous examination of a number of timely topics in advanced econometrics, together with an extensive and thorough treatment of the necessary probability theory. The book is uniquely self-contained, providing the reader ......
Practical Speculation
At last, some modest proof of what some of us have long suspected - beware of lords on boards. Authors Victor Niederhoffer and Laurel Kenner studied the relationship between stock returns and the number of board members with titles in the 50 ......
Successful Affiliate Marketing for Merchants
If you Are an online business, instead of paying for an ad, like a banner, you pay for the result the sale. This is called affiliate marketing. Pay for Performance will show anyone conducting business online, how to plan, implement, and manage a ......
Info-line: Level 5 Evaluation: Mastering ROI
Outlines the ways HR practitioners (1)can demonstrate how training affects the organization`s bottom line, (2) can explain the linkage between HR and business strategies, and (3) can illustrate a level of accountability for the HR department. ......
Экономика для бизнеса и менеджмента
В настоящем пособии представлены основные принципы микроэкономики и макроэкономики, а также практические аспекты их применения в самых разнообразных ситуациях, в которых требуется принятие соответствующих управленческих решений. В книге подробно ......
The Last Tycoons: The Secret History of Lazard FrA?res & Co.
A grand and revelatory portrait of Wall Street’s most storied investment bank Wall Street investment banks move trillions of dollars a year, make billions in fees, pay their executives in the tens of millions of dollars. But even among theA most ......
Practical Speculation
The follow-up to Victor Niederhoffer`s critically and commercially acclaimed book The Education of a Speculator has finally arrived. Practical Speculation continues the story of a true market legend who ran a hugely successful futures trading ......
The World Food Economy
The questions of population growth and food supply have long been of central concern to economists. The World Food Economy seeks to examine the lessons of the past for wealthy nations, where agricultural output has steadily risen for decades, as ......
Lords of Finance: The Bankers Who Broke the World
With penetrating insights for today, this vital history of the world economic collapse of the late 1920s offers unforgettable portraits of the four men whose personal and professional actions as heads of their respective central banks changed ......
House of Cards: A Tale of Hubris and Wretched Excess on Wall Street
On March 5, 2008, at 10:15 A.M., a hedge fund manager in Florida wrote a post on his investing advice Web site that included a startling statement about Bear Stearns & Co., the nation’s fifth-largest investment bank: "In my book, they are ......
Globalization and Its Discontents
Our world is changing. Globalization is not working. It is hurting those it was meant to help. And now, the tide is turning... Explosive and shocking, "Globalization and Its Discontents" is the bestselling expose of the all-powerful ......
The World is Flat
Thomas Friedman`s international bestseller is the most up-to-date and exciting view yet of today`s new era of globalization. In this further expanded edition, which now also includes two wholly new chapters, he draws on his travels to India, ......
The Last Tycoons: The Secret History of Lazard Freres & Co
They amassed unimaginable fortunes and would stop at nothing to make a deal, until their titanic egos started to jeopardize everything. This is the astonishing story of Lazard Freres, the world`s most elite and legendary investment bank - and ......
Global Monitoring Report 2009: A Development Emergency
"A Development Emergency", the title of this year`s "Global Monitoring Report", the sixth in an annual series, could not be more apt. The global economic crisis, the most severe since the Great Depression, is rapidly turning into a human and ......
The First Tycoon: The Epic Life of Cornelius Vanderbilt
NATIONAL BESTSELLERWINNER OF THE NATIONAL BOOK AWARDIn this groundbreaking biography, T.J. Stiles tells the dramatic story of Cornelius "Commodore" Vanderbilt, the combative man and American icon who, through his genius and force of will, did ......
Russia After the Global Economic Crisis
The second book from The Russia Balance Sheet Project, a collaboration of two of the world`s preeminent research institutions - the Peterson Institute for International Economics and the Center for Strategic and International Studies - examines ......
Family Wars: The Real Stories behind the Most Famous Family Business Feuds
Many of the world`s greatest businesses are family owned, and with this comes the threat of family feuding, sibling rivalries, and petty jealousies. Family Wars takes readers behind the scenes on a rollercoaster ride through the ups and downs of ......
Макроэкономика
В учебнике дано систематическое изложение основных макроэкономических проблем и моделей. Отличительной особенностью учебника является то, что он представляет собой полный учебно-методический комплекс. В каждой главе выделяются, наряду с ......
Money and Power: How Goldman Sachs Came to Rule the World
When, in late 2008, the dust finally started to settle on one of the worst financial crises in history, only one Wall Street institution still stood virtually unassailed - Goldman Sachs. Why did Goldman survive, and even flourish, when so many ......
Краткий экономический словарь
Москва, 1958 год. Государственное издательство политической литературы Госполитиздат. Издательский переплет. Сохранность хорошая. Настоящий краткий экономический словарь в популярной форме раскрывает содержание экономических терминов и понятий, ......
Poor Economics
Why would a man in Morocco who doesn`t have enough to eat buy a television? Why do the poorest people in India spend 7 per cent of their food budget on sugar? Does having lots of children actually make you poorer? This eye-opening book overturns ......
Линии разлома
Рагурам Раджан был одним из немногих экономистов, предупреждавших об угрозе глобального финансового кризиса задолго до его начала. Сейчас, когда мир постепенно оправляется от кризиса, велик соблазн возложить всю вину за произошедшее на алчных ......
The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance
Winner of the National Book Award and now considered a classic, The House of Morgan is the most ambitious history ever written about an American banking dynasty. Acclaimed by the Wall Street Journal as ``brilliantly researched and written,`` the ......
Blink: The Power Of Thinking Without Thinking
Publisher`s Weekly Starred Review. Best-selling author Gladwell (The Tipping Point) has a dazzling ability to find commonality in disparate fields of study. As he displays again in this entertaining and illuminating look at how we make snap ......
Новый экономический словарь
Новый экономический словарь содержит 10000 терминов и толкований. Предлагаемая терминология затрагивает все направления экономики. В приложениях к словарю приводятся денежные единицы стран мира, неметрические меры, применяемые в торговом ......
Think Like a Freak
An endless supply of fascinating questions ... The pros and cons of breast-feeding, fracking, and virtual currencies . . . There is no magic Freakonomics tool. .. Easy problems evaporate; it is the hard ones that linger.. . How to win the World ......
RSS