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It has become a commonplace to blame central banks for recurrent bubbles and financial crises, recessions, massive wealth inequality and widespread disenchantment with capitalism, and latterly for inflation. But this important new book argues that the enormous intellectual error of which central banks have been guilty sprang from the generation-long arrogance of the mainstream academic macroeconomics profession, which ignored interwar lessons ...

It is now a commonplace argument that capitalism is under threat. But what is the underlying problem?This brilliant book by the bestselling author of The Rotten Heart of Europe argues that both capitalism's defenders and its detractors are wrong. The principal culprit is not the moral failure of individuals, nor structural failures in politics and society - glaring though failures of both sorts have been. Instead, there has been a catastrophic...

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Excerpt from Biblical Repertory, Vol. 1: July, 1829The enunciation is also frequently injured by the une timely introduction of musical graces or embellishments. This is especially the casein the simple congregational style, where every one manages according to his own notions of taste. The discrepancies which thus arise, would often pre vent the words from being understood, even where there was no other difficulty.About the PublisherForgotten...

Written by a Brussels insider, and a senior EU economist, this title deals with the likely pitfalls of European monetary union.