"At a time when the specter of irrelevance is haunting conventional macroeconomics, a group of economists who 'got it right' long before the current economic debacle explain why history, institutions, and politics all matter in understanding capitalism's booms and busts."--Samuel Bowles, Santa Fe Institute
This book is the next installment in this popular series, gathering together the strongest essays published in The Economist’s Voice, a nonpartisan online journal, so that students and general readers can gain a deeper understanding of the financial developments shaping their world.
"This book does not provide a simple recipe to solve the difficult choices facing policy-makers, but it provides them with a clear analytical background and a realistic basis on which to cast the debate about the right course for fiscal policy which now engages Europe and the other major economies in the world." - Daniel Gros, CEPS.
This book, written by an international team of researchers based in universities, central banks and the IMF, improves understanding of the pace and changing characteristics of globalisation and the channels through which it affects advanced economies such as the euro area.