Informative, authoritative and probably right,
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This review is from: The Road to Recovery: How and Why Economic Policy Must Change (Kindle Edition)
If you're interested in improving your understanding of the economic problems currently facing the UK and global economies, this book is pretty much essential reading. The book argues that the bonus system for remunerating managements not only damages the companies they run but also prevents national and global economies from recovering. Also important is the claim that academic economists are still expounding theories that have been discredited by the 2008 crisis and that this is important because the advice provided by these academics is still dictating the actions and policies of governments and central banks. Reforming the bonus system so that executives are encouraged to invest in the long-term future of their companies rather than boosting their own short-term remuneration and revising economic theory to take account of the events surrounding the 2008 crash are essential if national and global economies are to recover and another crash is to be avoided. Hard to disagree.