Table of Contents

Preface ix ONE The World Economy Is Broken 1 TWO The British Century and the Great Depression 21 THREE Keynes from the Macmillan Committee to Bretton Woods 59 FOUR The American Century and the Global Financial Crisis 107 FIVE Restoring International Balance in Europe 151 SIX Restoring International Balance in the World 205 SEVEN Using Theory to Learn from History 243 Appendix 257 Notes 275 References

About the Author

Peter Temin is the Elisha Gray II Professor Emeritus of Economics at the Massachusetts Institute of Technology. His books include "Prometheus Shackled", "The Roman Market Economy "(Princeton), and "The World Economy between the World Wars". David Vines is Professor of Economics and a Fellow of Balliol College, University of Oxford. His books include "The IMF and Its Critics" and "The Asian Financial Crisis".

Reviews

"[T]emin and Vines's measured analysis will reward serious readers and economists who can keep up with global theory in motion."--Publishers Weekly "A rigorous analysis of the collapse of the world economy in 2008--and why things don't seem to be getting better... [S]obering ..."--Kirkus Reviews "[The Leaderless Economy] presents sensible arguments in favour of a rebalanced world economic system."--Tony Barber, Financial Times "In The Leaderless Economy, Temin and Vines demonstrate that Keynes' economic theories remain robust and relevant... [T]heir book provides a clear and compelling analysis of the roots of our global financial crisis and the lessons we can learn from it."--Glenn C. Altschuler, Huffington Post "You can learn a lot by reading [The Leaderless Economy]... The authors are commendably alert throughout to the economic and political complexities involved."--Daniel Akst, Bloomberg News "Temin and Vines ... offer a thoughtful exploration of the situation of the world financial system through detailed analysis and comparisons of the recent international economic crisis with circumstances during the Great Depression... The book is a great resource for those interested in international economics and history. A must read for upper-division undergraduate students, business leaders, and future policy makers, and a pleasure for graduate students, faculty, and general readers."--Choice