The Shifts and the Shocks is not another detailed history of the crisis, but the most persuasive and complete account yet published of what the crisis should teach us about modern economies and economics. The audiobook identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances and our dangerously fragile financial system.
"Good on Europe's problems, fair global update"
Belief in “the green light, the orgiastic future that year by year recedes before us,” as F. Scott Fitzgerald wrote in The Great Gatsby, is a characteristic American trait. But hope in a better future is not uniquely American, even if it has long been a more potent secular faith in the United States than elsewhere.