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The Only Game in TownBy: Mohamed A. El Erian NEW YORK TIMES BESTSELLER A roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis, from one of the worlds most influential economic thinkers and the author of When Markets Collide Updated, with a new chapter and authors note The one economic book you must read now . . . If you want to understand [our] bifurcated world and where its headed, there is no better
By: Mohamed A. El-ErianNEW YORK TIMES BESTSELLER • A roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis, from one of the world’s most influential economic thinkers and the author of When Markets Collide • Updated, with a new chapter and author’s note
“The one economic book you must read now . . . If you want to understand [our] bifurcated world and where it’s headed, there is no better interpreter than Mohamed El-Erian.”—Time
Our current economic path is coming to an end. The signposts are all around us: sluggish growth, rising inequality, stubbornly high pockets of unemployment, and jittery financial markets, to name a few. Soon we will reach a fork in the road: One path leads to renewed growth, prosperity, and financial stability, the other to recession and market disorder.
In The Only Game in Town, El-Erian casts his gaze toward the future of the global economy and markets, outlining the choices we face both individually and collectively in an era of economic uncertainty and financial insecurity. Beginning with their response to the 2008 global crisis, El-Erian explains how and why our central banks became the critical policy actors—and, most important, why they cannot continue is this role alone. They saved the financial system from collapse in 2008 and a multiyear economic depression, but lack the tools to enable a return to high inclusive growth and durable financial stability. The time has come for a policy handoff, from a prolonged period of monetary policy experimentation to a strategy that better targets what ails economies and distorts the financial sector—before we stumble into another crisis.
The future, critically, is not predestined. It is up to us to decide where we will go from here as households, investors, companies, and governments. Using a mix of insights from economics, finance, and behavioral science, this book gives us the tools we need to properly understand this turning point, prepare for it, and come out of it stronger. A comprehensive, controversial look at the realities of our global economy and markets, The Only Game in Town is required reading for investors, policymakers, and anyone interested in the future.
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4.2 ★★★★★
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Product Reviews
★★★★★ 1
Quality products it makes a big difference
Format: Hardcover
This item was not as pictured with damage to the binding
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Reviewed in the United States on June 20, 2025
★★★★★ 5
very good
Format: Hardcover
very succint
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Reviewed in the United States on September 6, 2018
★★★★★ 4
Good product
Format: Hardcover
Used with extensive highlighting but good condition, and good price.
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Reviewed in the United States on August 18, 2019
★★★★★ 1
No casebook connect
Format: Hardcover, Format: Hardcover
I ordered a new print version of the textbook to specifically receive the casebook connect code. The book also came wrapped, but when I undid the wrapping and opened the textbook, there was no code. It looks like somebody peeled the code information away as the cover has some yellowing, which I imagine is due to glue residue. I’m incredibly disappointed and now I need to purchase the code in addition to the $220 I spent on this textbook.
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Reviewed in the United States on January 18, 2023
★★★★★ 2
Readable
Format: Hardcover, Format: Hardcover
Not at all what I would consider “Very Good” condition, as the book was described. Pretty disappointed to be honest, considering I paid over $100 for this. It’s beaten up, torn, and dirty, but it’s readable.
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Reviewed in the United States on September 18, 2021