Internal and external balance of savings and investment
ByI was recently asked by an Australian economics journal to write a review of a book I had already read, The Leaderless Economy, by Peter Temin and David Vines (published in 2013). Because the book is a great place from which to start a discussion on the links within the global economy, I decided to base this essay on the book. I had already read Peter Temin’s Lessons from the Great Depression (1991), The Roman Market Economy (2012), and Prometheus Unshackled (2013), and I know his work fairly well.
There is substantial overlap between the way Temin and Vines view the global economy and the way I do. I am a regular reader of Diane Coyle’s blog, The Enlightened Economist, in which she reviews books, usually on economics-related topics but also on anything else that might catch her attention. Besides having said very nice things about my book,The Great Rebalancing, and including it in her shortlist of top books for 2013 (I am bragging a little) she has alsoreviewed The Leaderless Economy, and has noted the similarities in the way both books approach the balance of payments…
Internal and external balance of savings and investment
