Fault Lines

"Fault Lines provides an excellent analysis of the lessons to be learned from the financial crisis, and the difficult choices that lie ahead. Of the many books written in the wake of our recent economic meltdown, this is the one that gets it right." --George A. Akerlof, coauthor of Animal Spirits and Identity Economics "Amidst the welter of books about our financial crisis, Rajan‘s book stands out for several reasons: the author‘s intellectual distinction, his academic and real-world involvement in the problems of finance and the macroeconomy, his global perspective, his search for the roots of the financial crisis in America‘s growing economic inequality, and also his prescience. In 2005, Rajan foresaw the coming financial collapse--and was fiercely criticized for his insight." --Richard A. Posner, author of A Failure of Capitalism: The Crisis of ‘08 and the Descent into Depression "Beautifully clear, cogent, and highly readable. This is the best book out there on the global imbalances that gave us the last financial crisis and might well give us the next one." --Kenneth S. Rogoff, coauthor of This Time Is Different: Eight Centuries of Financial Folly