Description
A controversial and highly original analysis of the economic course of the last seven years, from the Chief Economic Commentator of the Financial Times.We have been inundated with books about 'the financial crisis'. Martin Wolf believes that too much has been said about the purely financial aspects of the economic crisis, important though they are. The actual underlying problem, as this radical new book argues, is that the world economy is unable to cope with the huge shifts it is undergoing: rapid economic integration; competition from billions of new workers; technological revolutions; and huge floods of capital across the world. With those shifts have come vast and largely unforeseen financial shocks.
It is high time -- indeed, past time -- for our economics to keep pace with our economy. Now, with The Shifts and the Shocks, it has. ISBN:9780718197964