Understanding how finance has moved from “Hubris to Disgrace”

The after-effects of the 2008 financial crisis are still being felt throughout the global economy. In order to help prevent a similar crisis from reoccurring, policymakers need to better understand finance’s continuing problems. Ahead of the publication of their new book, ‘From Hubris to Disgrace’, Mark Esposito and Terence Tse outline a framework to better understand the rise of finance through its mechanics, power relationships, economic rationale, politics, and philosophy.