26 of 27 people found the following review helpful
Interesting and medium level,
This review is from: Crisis Economics: A Crash Course in the Future of Finance (Hardcover)
The book of Roubini and Mihm is really interesting and well written. It is not difficult but not trivial: it seeks to explain fairly well economic concepts and theories, so that the reader can learn something about economic theory.
It focuses mainly on the financial roots of the 2007-08 crisis and on the so-called global imbalances. Less attention is paid to deeper problems realted to income distribution and it doesn't say anything about why finance has achieved prominence in the last 20-30 years vis-a-vis other business sector. In this sense it doesn't go back that much.
Nevertheless, it refuses the most optimistic and semplicist visions of the working of our economic system and provides, within the so-called imperfectionist mainstream, a very good, detailed and realistic analysis.
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Initial post: 29 Jun 2011 23:54:51 BDT
S Wood says:
Good review, esp. for pointing out the absence of factors such as income distribution. Now write some more reviews!!
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