Award-winning economist, Joseph Stiglitz, author of Freefall: Free Markets and the Sinking of the Global Economy, lays out not only the course of the financial crisis which began in 2007, but its underlying causes, and shows why much more radical reforms are needed than are currently being contemplated if we are to avoid similar ‘systemic’ crises in the future. Showing why the bailout has been only marginally effective and how it could have been much more so, and outlines the enormous opportunity – not yet taken – to design a new global financial architecture.