LEADER 05312nam 22008775 450 001 9910461541903321 005 20210114145405.0 010 $a1-4008-3980-7 024 7 $a10.1515/9781400839803 035 $a(CKB)2670000000099552 035 $a(EBL)729951 035 $a(OCoLC)748241719 035 $a(SSID)ssj0000590361 035 $a(PQKBManifestationID)11352013 035 $a(PQKBTitleCode)TC0000590361 035 $a(PQKBWorkID)10671604 035 $a(PQKB)10044229 035 $a(DE-B1597)453765 035 $a(OCoLC)979835532 035 $a(DE-B1597)9781400839803 035 $a(MiAaPQ)EBC729951 035 $a(EXLCZ)992670000000099552 100 $a20190708d2011 fg 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFault Lines $eHow Hidden Fractures Still Threaten the World Economy /$fRaghuram G. Rajan 205 $aWith a New afterword by the author 210 1$aPrinceton, NJ : $cPrinceton University Press, $d[2011] 210 4$dİ2011 215 $a1 online resource (283 p.) 300 $aDescription based upon print version of record. 311 $a0-691-15263-2 320 $aIncludes bibliographical references and index. 327 $tFrontmatter -- $tContents -- $tAcknowledgments -- $tIntroduction -- $tONE. Let Them Eat Credit -- $tTWO. Exporting to Grow -- $tTHREE. Flighty Foreign Financing -- $tFOUR. A Weak Safety Net -- $tFIVE. From Bubble to Bubble -- $tSIX. When Money Is the Measure of All Worth -- $tSEVEN. Betting the Bank -- $tEIGHT. Reforming Finance -- $tNINE. Improving Access to Opportunity in America -- $tTEN. The Fable of the Bees Replayed -- $tEpilogue -- $tAfterword to the Paperback Edition -- $tNotes -- $tIndex 330 $aRaghuram Rajan was one of the few economists who warned of the global financial crisis before it hit. Now, as the world struggles to recover, it's tempting to blame what happened on just a few greedy bankers who took irrational risks and left the rest of us to foot the bill. In Fault Lines, Rajan argues that serious flaws in the economy are also to blame, and warns that a potentially more devastating crisis awaits us if they aren't fixed. 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 world overly dependent on the indebted American consumer to power global economic growth and stave off global downturns. He exposes a system where America's growing inequality and thin social safety net create tremendous political pressure to encourage easy credit and keep job creation robust, no matter what the consequences to the economy's long-term health; 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. In Fault Lines, Rajan demonstrates how unequal access to education and health care in the United States puts us all in deeper financial peril, even as the economic choices of countries like Germany, Japan, and China place an undue burden on America to get its policies right. He outlines the hard choices we need to make to ensure a more stable world economy and restore lasting prosperity. 606 $aEconomic history - 21st century 606 $aEconomic history -- 21st century 606 $aGlobal Financial Crisis, 2008-2009 606 $aGlobal Financial Crisis, 2008-2009 606 $aIncome distribution - United States - History - 21st century 606 $aIncome distribution -- United States -- History -- 21st century 606 $aUnited States - Social conditions - 21st century 606 $aUnited States -- Social conditions -- 21st century 606 $aIncome distribution$xHistory$y21st century$zUnited States 606 $aGlobal Financial Crisis, 2008-2009$y21st century 606 $aEconomic history 606 $aBusiness & Economics$2HILCC 606 $aEconomic History$2HILCC 607 $aUnited States$xSocial conditions$y21st century 608 $aElectronic books. 615 4$aEconomic history - 21st century. 615 4$aEconomic history -- 21st century. 615 4$aGlobal Financial Crisis, 2008-2009. 615 4$aGlobal Financial Crisis, 2008-2009. 615 4$aIncome distribution - United States - History - 21st century. 615 4$aIncome distribution -- United States -- History -- 21st century. 615 4$aUnited States - Social conditions - 21st century. 615 4$aUnited States -- Social conditions -- 21st century. 615 0$aIncome distribution$xHistory 615 0$aGlobal Financial Crisis, 2008-2009 615 0$aEconomic history 615 7$aBusiness & Economics 615 7$aEconomic History 676 $a330.9/0511 676 $a330.9051 676 $a330.90511 700 $aRajan$b Raghuram G., $0129189 801 0$bDE-B1597 801 1$bDE-B1597 906 $aBOOK 912 $a9910461541903321 996 $aFault Lines$92452515 997 $aUNINA