Warnings of the threat of an impending financial crisis are not new, but do we really know what constitutes an actual episode of crisis and how, once begun, it can be prevented from escalating into a full-blown economic collapse? Contributors to this volume use an innovative framework to analyze financial crises and the conditions that lead to them. The authors examine episodes of breakdown in financial trade, where 'trade' refers to the way in which financial contracts, institutions, and markets allocate risk, channel funds from ultimate savers to ultimate investors in the economy, and provide information about and incentives for borrowers' performance.
In his new book, Real Education: Four Simple Truths for Bringing America's Schools Back to Reality, AEI's Charles Murray focuses on four simple, hard truths that are rarely discussed or even acknowledged by educators and politicians.
In this provocative new book, Arthur C. Brooks explodes the myths about happiness in America. He examines vast amounts of evidence and empirical research to uncover the truth about who is happy in America, who is not, and why.
