Unchecked and Unbalanced: How the Discrepancy Between Knowledge and Power Caused the Financial Crisis and Threatens Democracy by Arnold Kling
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(Hardcover - New Edition)
- Pub. Date: December 2009
- 136pp
- Sales Rank: 103,298
Product Details
- Pub. Date: December 2009
- Publisher: Rowman & Littlefield Publishers, Inc.
- Format: Hardcover, 136pp
- Sales Rank: 103,298
- ISBN-13: 9781442201248
- ISBN: 144220124X
- Edition Description: New Edition
Synopsis
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.
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