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Fault Lines: How Hidden Fractures Still Threaten The World Economy (2010)

by Raghuram G. Rajan(Favorite Author)

4 of 5 Votes: 4

ISBN

0691146837 (ISBN13: 9780691146836)

languge

English

genre

History & Biography

publisher

Princeton University Press

review 1: Being an amateur reader in financial economics, I read a couple of books on investment strategies, how to put the world economy back on the bull, affects of capitalism-good/bad etc. But I must say, this is one of it's kind. The author, the youngest one to become a chief economist at IMF and many other credentials to his CV, had put his experience at the IMF, American Financial Sector and teaching experience at Booth School into this book. He underlines some dangerous contemporary trade/financial instruments(fault lines) that when stretched to their limits can spell the end of the financial system as we know it. Finding these fault lines is not all that he addresses. Unlike other critics instead of just criticizing what's wrong the system, he puts forward some steps the wor... moreld leaders must take to bring the global trade, capitalism, social equality back to stability for a bright future of our existence. He also puts in some of the points he discussed in his other book-Are capitalism and democracy failing us? He explains the interconnectedness of the financial-political-trade sector, it's reach, affects on the average Joe, and how he must compel his representatives for a stable outlook.
review 2: India's new RBI chief has a lot of expectations on his shoulders, and this book shows why. His analysis is holistic, comprehensive, convincing and rational. He traces the roots of the crisis to at least 40 to 50 years before, and takes it from there on. For a person who hasn't actually studied economics, it will prove to be a terribly difficult read because 1) in terms of writing style, he's not exactly a Rushdie and 2) For the prevalence of many complex terms. This book isn't for the casual reader, but persist and you will be rewarded with a rich knowledge of the crisis, coming from a man with incredible pedigree less

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