In this authoritative book, Adair Turner thoroughly takes apart the flawed assumptions that contributed to the 2008 crisis, and he details the realities of modern economies and financial sectors. Turner explains how and why economies have shifted, and why society’s attitudes toward borrowing, banks and money creation need to change in response. Otherwise, he writes, the world will remain mired in growing debt and recurring boom-and-bust cycles. Turner’s work is a bold challenge to the status quo and a carefully argued wake-up call.
About the Author
Adair Turner, former chairman of Britain’s Financial Services Authority, is chairman of the Institute for New Economic Thinking and the author of Economics after the Crisis.