Fault Lines

Kurzbeschreibung:

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 system overly dependent on American consumption to power the world economy and stave off a global downturn; a system where America's thin social safety net has created tremendous political pressure to keep job creation robust, because jobs are the primary provider of health and other benefits; 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.

Autorenporträt:

Raghuram G. Rajan is the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago Booth School of Business and former chief economist at the International Monetary Fund.

Themen:

• Financial Times/Goldman Sachs Business Book
• Finanzkrise
• Finanzmarkt
• USA, Geschichte; Sozial-/Wirtschafts-G.
• USA; Wirtschaft
• Weltwirtschaft

Verwandte Themen:

• Wirtschaftskrise
• Globalisierung
• Kapitalismus
• Weltwirtschaftskrise
• Bankwirtschaft
• Finanzwirtschaft
• Wirtschaftspolitik
• Wirtschaftsordnung
• Europa; Wirtschaft
• USA; Politik/Zeitgesch.