Crash and Beyond

Farlow's discussion of the US and European bank rescues also makes compelling reading...a fine addition to the crisis/recession discourse * Joel Campbell, International Affairs * In 2004-05, [Farlow] wrote about how, after the equity bubble in the late 1990s, money was flowing into debt, especially mortgage finance, and how this could lead to another crisis. The theoretical possibility he thought of materialised soon ... The crisis gave Farlow a reputation as an economic astrologer, and brought him many invitations to speak and attest. While this book deals with the crisis, it has a broader subject ... This is not a dry and dusty book in economics; much drama has gone into it. Farlow covers the theoretical debates; but he also goes deep into the events and sequences, the errors and consequences. * Ashok V Desai, Businessworld * A lively narrative, scholarly but with lay appeal, too. * Oxford Today * On the whole, this is a scholarly book which enriches our understanding of the crisis. Farlow does not suggest any ultimate solution. He says he would be happy if the book serves as a collective memory of the crash and its bitter aftertaste and acts as guidance or warning to handle future crises. Indeed, he has succeeded. * The Hindu * Farlow's focus on the importance of income inequality and deficiency of demand is refreshingly Keynesian in flavour ... Crash and Beyond does much more than simply consider the causes of the crisis; it also looks to the policy response. * Victoria Bateman, Times Higher Education *