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Fault Lines : How Hidden Fractures Still Threaten the World Economy by Rajan, Raghuram G. is a history book available to read on EtoBox.

What is Fault Lines : How Hidden Fractures Still Threaten the World Economy about?

Review Like geological fault lines, the fissures in the world economic system are more hidden and widespread than many realize, he says. And they are potentially more destructive than other, more obvious culprits, like greedy bankers, sleepy regulators and irresponsible borrowers. Mr. Rajan . . . argues that the actions of these players (and others) unfolded on a larger world stage, that was (and is) subject to the imperatives of political economies. . . . [A] serious and thoughtful book. -- New York Times In a new book . . . entitled Fault Lines, Rajan argues that the initial causes of the breakdown were stagnant wages and rising inequality. With the purchasing power of many middle-class households lagging behind the cost of living, there was an urgent demand for credit. The financial industry, with encouragement from the government, responded by supplying home-equity loans, subprime mortgages, and auto loans. . . . The side effects of unrestrained credit growth turned out to be devastating--a possibility most economists had failed to consider. -- John Cassidy, New Yorker The book, published by Princeton University Press, saw off stiff competition from five others on the shortlis

Who reads Fault Lines : How Hidden Fractures Still Threaten the World Economy?

Author

Rajan, Raghuram G.

Publisher

Princeton University Press

Published

2010

Language

EN

ISBN

9780691152639

Category

history

Subjects

Economics, Fiction, Political Science

Rating

4.09 / 5 (3,192 ratings)

Updated

2026-03-14