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Unchecked and Unbalanced

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Unchecked and Unbalanced

How the Discrepancy Between Knowledge and Power Caused the Financial Crisis and Threatens Democracy

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Unchecked and Unbalanced by Arnold Kling
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Description

In Unchecked and Unbalanced, Arnold Kling provides a blueprint for those who are skeptical of political and financial elitism. At the heart of Kling's argument is the growing discrepancy between two phenomena: knowledge is becoming more diffuse, while political power is becoming more concentrated. Kling sees this knowledge/power discrepancy at the heart of the financial crisis of 2008. Financial industry executives and regulatory officials lacked the ability to fathom the complexity of the system that had emerged.

Author Biography

Arnold Kling was an economist on the staff of the Board of Governors of the Federal Reserve System from 1980-1986 and served as a senior economist at Freddie Mac from 1986-1994.
Release date Australia
December 16th, 2009
Author
Country of Publication
United States
Imprint
Rowman & Littlefield Publishers
Pages
136
Dimensions
160x243x15
ISBN-13
9781442201248
Product ID
3476571

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