From NYRB, Paul Krugman and Robin Wells review Fault Lines: How Hidden Fractures Still Threaten the World Economy by Raghuram G. Rajan; Crisis Economics: A Crash Course in the Future of Finance by Nouriel Roubini and Stephen Mihm (and more); and The Holy Grail of Macroeconomics: Lessons from Japan’s Great Recession by Richard C. Koo. From the Claremont Review of Books, bubbles, bubbles, toils and troubles: A review essay on the financial crisis; and Richard Vedder on explaining the Great Depression. From The National Interest, a review essay on the financial crisis. From ARPA, Tony Aspromourgos on the great financial crisis, the (brief?) revival of Keynesianism, and the question of public debt; and a review of Common Wealth: For a Free, Equal, Mutual and Sustainable Society by Martin Large and Aftershock: Reshaping the World Economy after the Crisis by Philippe Legrain. Let Them Eat Credit Raghuram Rajan on how inequality is at the root of the Great Recession (and more and more). David Warsh on big narrative accounts of the most dangerous episode in global finance since the Great Depression. Paradise Lost: Ian Bremmer and Nouriel Roubini on why fallen markets will never be the same (and a response). Not too big enough: How the “too-big-to-fail” banks got that way, and why the current banking reform won’t solve the problem. A review of Too Big to Save? How to Fix the U.S. Financial System by Robert Pozen.
