Thomas M. Cole

“Finally I aim to identify why mainstream modern economics failed to see the crisis coming, and why it so confidently asserted that increasing financial activity had made the world a safer place. To do that, we need to return to the insights about credit, money, and banks on which an earlier generation of economists focused, but which modern economics has largely ignored.”
― Adair Turner, Between Debt and the Devil: Money, Credit, and Fixing Global Finance