Global Financial Crisis in Retrospect

Anthony Elson is an international economist, writer, and university lecturer in the Washington, DC, area. For a number of years, he was a senior staff member of the International Monetary Fund and consultant with the World Bank. He has also taught at the Duke Center for International Development, the Paul H. Nitze School for Advanced International Studies at Johns Hopkins University, and Yale University.

• 1. Introduction.- 2. The Global Financial Crisis of 2008-2009: Fragile Banking, Economic Bust, and Deflationary Consequences.- 3. Why Did Economists Get It So Wrong?.- 4. The Challenge for Macroeconomic Policy in the Wake of the Crisis.- 5. The Role of the International Financial Architecture Prior to and Since the Crisis.- 6. The Global Financial Crisis and Inequality.- 7. The Quest for Financial Stability at the National and Global Levels.- 8. Towards a Rethinking of Macroeconomics.- 9. Conclusions and Lessons for the Future.

“Elson … offers a study of the aforementioned crisis, which was triggered by the subprime mortgage market. … the book ably reflects a technocrat’s vision of progressively integrated international financial systems and governance. … A thorough, authoritative postmortem, highly recommended for professional economists, scholars, and university students.” (Kirkus Reviews,  kirkusreviews.com, March, 2017)