A Failure of Capitalism

The Crisis of '08 and the Descent into Depression

Richard A. Posner

    1. The Depression and Its Proximate Causes
    2. The Crisis in Banking
    3. The Underlying Causes
    4. Why a Depression Was Not Anticipated
    5. The Government Responds
    6. A Silver Lining?
    7. What We Are Learning about Capitalism and Government
    8. The Economics Profession Asleep at the Switch
    9. Apportioning Blame
    10. The Way Forward
    11. The Future of Conservatism
    • Conclusion
    • Further Readings
    • Index
  • Cover: A Failure of Capitalism
  • A photo of the author

Richard A. Posner is Circuit Judge, the United States Court of Appeals for the Seventh Circuit, and a senior lecturer at the University of Chicago Law School.