Oliver Bateman's Reviews > A Failure of Capitalism: The Crisis of '08 and the Descent Into Depression

A Failure of Capitalism by Richard A. Posner
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's review
May 17, 2010

really liked it
Read from August 15 to September 01, 2010

Although this is a concise and well-written summary of the causes of the current economic crisis, Posner's policy prescriptions are much too modest. He makes much of the fact that he has decided to assign more blame to the banks than the government, but this is noteworthy only if you've read his earlier work. Like his other recent book Not A Suicide Pact, A Failure of Capitalism leaves you feeling that the author has an understanding of the problems he has chosen to address but is either unable or unwilling to present cogent, sophisticated answers to them.

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