Fault Lines: How Hidden Fractures Still Threaten the World Economy — Rational Choices, Systemic Risk
A financial system does not require everyone inside it to behave irrationally in order to become dangerously unstable.
Welcome to Crisis in Perception, where we examine the systems shaping our world.
Using Fault Lines: How Hidden Fractures Still Threaten the World Economy by Raghuram G. Rajan as our lens, this investigation traces the interconnected political, economic, and financial pressures that contributed to the global financial crisis.
Rajan moves beyond explanations centered exclusively on greed or regulatory failure. He connects unequal economic opportunity and expanding housing…
The skinny
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