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.
» See full article in the Financial Times.