This book provides a comprehensive overview of research on financial crises and surveys policy lessons in the context of a wide range of crises, including banking, balance of payments, and sovereign debt crises.
'A large collection of analyses by many of the best economists. The topic is burning, the discussions go right to the heart of the matter and all big issues are included. Rush to read this book because it deals with front-page news and because things change so fast.'--Charles Wyplosz, The Graduate Institute, Geneva
'After the financial crisis, central banks stand at a crossroads, and this book provides an invaluable guide. In it, a diverse set of academic and central bank contributors survey both the past achievements of inflation targeting as well as future challenges, including re-examining the role of asset prices in formulating monetary policy.' Glenn Rudebusch, Federal Reserve Bank of San Francisco
"Does Capitalism Have a Future is the work of five eminent big-picture thinkers. Their rich analysis of capitalism's contradictions and vision of possibilities for its future evolution are well worth pondering."--Francis Fukuyama
"Easterly's new book shows that the expert approach to development rests on an engrained but unexamined premise: that people in poor countries cannot be trusted to make their own decisions. As this wide-ranging and compelling account shows, this assumption is doubly flawed. It's morally offensive and a sure guide to bad policy."--Paul Romer, New York University
"Noam Yuran's brilliant book offers a new point of view about the relationship between money and the desire for it. Arguing that desire is built into the nature of money and is not an external attachment to it, Yuran opens up new readings of Marx, Veblen, and Weber, and also gives readers a new perspective on the ways in which money can inspire excess and destabilize economies. This book will be of great interest to economists, philosophers, and social theorists."—Arjun Appadurai, New York University
“This book is not only the definitive account of the historical evolution of inequality in advanced economies, it is also a magisterial treatise on capitalism’s inherent dynamics.”—Dani Rodrik, Institute for Advanced Study