Fault Lines Book Summary
The “Fault Lines: How Hidden Fractures Still Threaten the World Economy” is a great book that describes Economic policy. Raghuram G. Rajan is the author of this book. Raghuram is the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago Booth School of Business and former chief economist at the International Monetary Fund. Rajan is a great thinker who is willing to challenge the economics establishment on its ridiculous assumptions. His points are argued better than others. The author highlights clearly how well-intentioned government intervention to promote housing for low earners contributed significantly to the subprime boom. A reader without a strong understanding of basic economic theory is not going to get much out of this. So I would recommend this book to all who have knowledge about Economics. Each topic is covered clearly and concisely and packed with the details that you learn to be truly effective. Fault Lines takes a higher ground and attempts to provide some guidance toward an economic future. To sum it up, Fault Lines is an informative book that describes Economic policy.
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