Stephen Haber

Fragile By Design


Public Administration
Fragile By Design

Reviews 2015 Reviewed by Caner Bakir After the onset of the Global Financial Crisis (GFC), Britain’s Queen Elizabeth II asked economists at the London School of Economics in November 2008, ‘Why did no one see it coming?’ Orthodox economists and political economists,...

New York Times
Fragile By Design

How Banks Fail April 11, 2014 Reviewed by Liaquat Ahamed Five years after the drama that began in 2008 — the failure of one bank after another, the decline in the stock market and the freezing up of finance — we still cannot seem to agree about the causes of the...

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...

National Review
Fragile By Design

The Politics of Banking May 5, 2014 Reviewed by Diana Furchtgott-Roth If you have time to read only one book about the causes of the 2008 financial collapse, read this one. You will discover that the banking crises that occur in some countries but not others are part...

Cato Journal
Fragile By Design

Cato Journal September 22, 2014 Reviewed by Vern McKinley Charles Calomiris and Stephen Haber have taken on a big task in their book, Fragile by Design: The Political Origins of Banking Crises and Scarce Credit. Their goal is to explain the double hit that economies...

EH.net
Fragile By Design

EH.net September 2014 Reviewed by Hugh Rockoff Charles W. Calomiris and Stephen H. Haber, two of America’s leading financial historians, have written an ambitious and in my view a largely successful book to provide an explanation for the political economy of banking...