Systemic Fragility in the Global Economy Book Review

This is a terrific review of Jack Rasmus book Systemic Fragility in the Global Economy. After defining the dynamics of systemic fragility, Rasmus points out the deficiencies in Central Banks as far as lessening that fragility. The book is wide in scope, covering China, Japan, Europe and the US. The last three chapters of the book criticize competing theories – including mainstream, Keynesian and Marxist theories.