Financial Times
Fragile By Design

Financial Times
March 23, 2014

Reviewed by Martin Sandbu

One reason why economists did not see the financial crisis coming is that the models most macro and financial economists deal in are free of politics. Fragile by Design offers a much-needed supplement. This sweeping account of how banking and politics have always been intertwined spans three centuries and five countries: the UK, the US, Canada, Mexico and Brazil.

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