I bought this book thinking it would be another book on the current financial crisis; after all, there are so many. I was pleasantly surprised when after a few chapters I realized that this was not at all what the book was about. It does not chronicle the crisis or even how markets have failed catastrophically in the past. Rather it articulates various ways in which free markets can fail to produce efficient outcomes. If you want a history of the current crisis, read "Too Big to Fail" by Andrew Ross Sorkin. It's essentially a blow by blow chronology and a comprehensive one at that. It's worth reading. But this book very skillfully presents a case for how markets are not always the best solution to economic problems. I've learned more from this book than I have from anything I've read in quite a while. I plan to purchase a physical copy and read it again at least once.
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