Martin Wolf “The Shifts and the Shocks: What We’ve Learned – and Have Still to Learn – From the Financial Crisis”

In his new book, The Shifts and the Shocks: What We’ve Learned—and Have Still to Learn—from the Financial Crisis, Martin Wolf gives a complete account of what the 2007-08 financial crisis should teach us about modern economies and economics. In it he identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances, and our dangerously fragile financial system.  Wolf continues to explain with great clarity why “further crises seem certain” and why the management of the Eurozone in particular “guarantees a huge political crisis at some point in the future.”  The Shifts and the Shocks matches impressive analysis with no-holds-barred criticism and persuasive prescription for a more stable future.