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The Shifts and the Shocks
What We've Learned--and Have Still to Learn--from the Financial Crisis
Book • 2014
The Shifts and the Shocks is a detailed examination of the financial crisis that began in 2007.
The book is divided into three parts: 'The Shocks,' which describes the financial crisis and post-crisis austerity policies; 'The Shifts,' which explains the underlying changes that led to the crisis; and 'The Solutions,' which discusses potential reforms in economic theory, the financial system, secular stagnation, and the Eurozone.
Written by Martin Wolf, the book offers a persuasive and complete account of what the crisis should teach us about modern economies and economics, with a focus on radical reforms needed to avoid future crises.
The book is divided into three parts: 'The Shocks,' which describes the financial crisis and post-crisis austerity policies; 'The Shifts,' which explains the underlying changes that led to the crisis; and 'The Solutions,' which discusses potential reforms in economic theory, the financial system, secular stagnation, and the Eurozone.
Written by Martin Wolf, the book offers a persuasive and complete account of what the crisis should teach us about modern economies and economics, with a focus on radical reforms needed to avoid future crises.
