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- DescriptionFrom the chief ecomic commentator for the Financial Times, a brilliant tour d'horizon of the new global ecomy and its trajectory <p/>There have been many books that have sought to explain the causes and courses of the financial and ecomic crisis which began in 2007-8. The Shifts and the Shocks is t ather detailed history of the crisis, but the most persuasive and complete account yet published of what the crisis should teach us about modern ecomies and ecomics. <p/>The book identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances and our dangerously fragile financial system. In the eurozone, these sources of instability were multiplied by the tragically defective architecture of the monetary union. It also shows how much of the orthodoxy that shaped monetary and financial policy before the crisis occurred was complacent and wrong. In doing so, it mercilessly reveals the failures of the financial, political and intellectual elites who ran the system. <p/>The book also examines what has been done to reform the financial and monetary systems since the worst of the crisis passed. Are we w on a sustainable course? Wolf asks. The answer is . He explains with great clarity why further crises seem certain and why the management of the eurozone in particular guarantees a huge political crisis at some point in the future. Wolf provides far more ambitious and comprehensive plans for reform than any currently being implemented. <p/>Written with all the intellectual command and trenchant judgment that have made Martin Wolf one of the world's most influential ecomic commentators, The Shifts and the Shocks matches impressive analysis with -holds-barred criticism and persuasive prescription for a more stable future. It is a book one with an interest in global affairs will want to neglect.
- Author BiographyMartin Wolf is the associate editor and chief economics commentator at the Financial Times, London. He is the recipient of many awards for financial journalism, for which he was also made a Commander of the Order of the British Empire in 2000. His previous books include Fixing Global Finance and Why Globalization Works.
- Author(s)Martin Wolf
- PublisherPenguin Press
- Date of Publication11/09/2014
- SubjectEconomics: Professional & General
- Country of PublicationUnited States
- ImprintPenguin Press
- Weight748 g
- Width163 mm
- Height231 mm
- Spine46 mm
- Format DetailsSewn,Cloth over boards
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