Summary of Money, Finance and the Real Economy

Looking for the book?
We have the summary! Get the key insights in just 10 minutes.

Money, Finance and the Real Economy book summary


8 Overall

8 Importance

8 Innovation

8 Style


Economic reports can be dry, pedantic affairs, but this text from economists Anton Brender, Florence Pisani and Emile Gagna reads more like a mainstream book – a whodunit that unravels the reasons behind the stagnant aftermath of the 2008 crisis. The authors cleanly and concisely discuss some big economic policy issues, particularly the important role of financial systems in developed economies. Their description of how risks circulate and spread is especially noteworthy, as is their explanation of how risk-averse savers helped create a risk-hungry – and by 2008, fragile – shadow banking sector. However, their main conclusion – that the world has failed to organize the investments required to absorb surplus global savings – elegantly ties together the seeming paradox of expanding asset bubbles and stifled economic growth. While the general reader may find this a challenging read, getAbstract believes that those with some understanding of economics can gain a great deal of new perspective from it.

In this summary, you will learn

  • How national monetary policy affects the real economy,
  • What role the financial sector should play and
  • What dangers a lack of useful long-term investments presents.

About the Authors

Anton Brender, Florence Pisani and Emile Gagna are economists with Candriam Investors Group, a New York Life Company.



Ardent monetarists have long presumed that they can analyze the economy in a “dichotomous” manner – that is, by separating real economic activity from an economy’s price levels. This point of view sees inflation mainly as a function of the quantity of money in circulation. It...

Comment on this summary

More on this topic

Customers who read this summary also read

More by category