The world economy: How to fix a broken system

Posted: September 5, 2014 in economy
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The long game

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The world economy


A prominent columnist calls for radical reforms to the global economy

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The Shifts and the Shocks: What We’ve Learned—and Have Still to Learn—from the Financial Crisis. By Martin Wolf. Penguin Press; 466 pages; $35. Allen Lane; £25. Buy from,
MARTIN WOLF is an influential commentator. His weekly column in the Financial Times is required reading for the international financial elite. Paul Krugman of the New York Times may be the darling of the left and the Wall Street Journal editorial page the bible of many on the right, but inside finance ministries few are cited as often as Mr Wolf. He likes to admonish policymakers. As a centrist who favours free trade and free markets, though, he does so from within the mainstream.

That makes his latest book striking. “The Shifts and the Shocks” is a fierce indictment of the global economy and a call for …

via Economic Crisis


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