MICAHEL A. SANTORO
RUTGERS BUSINESS SCHOOL, NEW JERSEY
RONALD J. STRAUSS
MONTCLAIR STATE UNIVERSITY, NEW JERSEY
Cambridge University Press (2012)
This new book examines a number of financial, ethical and policy issues raised by the financial crisis and presents a nuanced critique of the government’s role—not only for the economic miscalculations leading to financial deregulation but also for failing to check the irrational exuberance leading to the crisis of 2008. Looking to the future, Santoro and Strauss make a compelling case for vigorous government enforcement of the Dodd-Frank Act in the face of Wall Street’s opposition. They also argue, however, that effective government regulation is not enough; economic prosperity will be sustainable only if Wall Street professionals themselves begin an urgently needed conversation about their values and business ethics.
More information can be found at Cambridge University Press.