Fault Lines How Hidden Fractures Still Threaten The World Economy

The University of Chicago economist famously predicted in his 2005 book "Fault lines: How hidden fractures still threaten the world economy" that, due to the financial developments happening at the time, a worldwide financial crisis could emerge in a few years. At that time, his views were held in a mostly negative light in the USA.

A book analysing the flaws in economy that led to the current financial crisis by an Indian-origin professor of finance at the University of Chicago has won the Financial Times and Goldman Sachs Business Book of the Year Award for 2010.The 30,000 pounds prize was last night awarded to Raghuram G Rajan, for his book, Fault Lines: How Hidden Fract...

The University of Chicago economist famously predicted in his 2005 book "Fault lines: How hidden fractures still threaten the world economy" that, due to the financial developments happening at the time, a worldwide financial crisis could emerge in a few years. At that time, his views were held in a mostly negative light in the USA.

A book analysing the flaws in economy that led to the current financial crisis by an Indian-origin professor of finance at the University of Chicago has won the Financial Times and Goldman Sachs Business Book of the Year Award for 2010.The 30,000 pounds prize was last night awarded to Raghuram G Rajan, for his book, Fault Lines: How Hidden Fract...