Out of the crisis of our times Joseph Stiglitzs Freefall: Free Markets & the Sinking of the Global Economy" is a convincing coherent & humane account that goes to the heart of how we run our societies. When the world economy went into freefall so too did our unquestioning faith in markets. But what happens now? Are bailouts & stern lectures enough or do we need a rethink of our entire financial system? This acclaimed & inspiring book by one of the worlds leading economic thinkers dissects the flawed ideas that led to the credit crunch but also looks to the future. Drawing on his years spent shaping policy at the World Bank Nobel Laureate Joseph Stiglitz shows why far more radical reforms are needed to avoid future crises why the cost of recovery should be borne by the financial sector & how we now have the opportunity to create a new global economic order. " Bang on the money.. .unafraid to ask tough questions.. .we need more of his ilk". (Will Hutton " Observer"). "A brilliant analysis.. .always enthralling". (Martin Jacomb " Spectator Business"). "A powerful new book". (Devin Leonard " The New York Times"). "A seer of almost Keynesian proportions.. .this is Joe Stiglitzs victory lap". (Michael Hirsh " Newsweek"). Joseph Stiglitz was Chief Economist at the World Bank until January 2000. He is currently University Professor of the Columbia Business School & Chair of the Management Board & Director of Graduate Summer Programs Brooks World Poverty Institute University of Manchester. He won the Nobel Prize for Economics in 2001 & is the author of the best-selling " Globalization & Its Discontents" " Making Globalization Work" " The Roaring Nineties" & " The Price of Inequality" all published by Penguin."