Book notes: The illusion of control, by Jon Danielsson

Jon Danielsson’s book makes a compelling case for a serious rethink on financial crises and risk management

The Illusion of Control, by Jon Danielsson
Yale University Press

Jon Danielsson, The illusion of control: why financial crises happen, and what we can (and can’t) do about it, Yale University Press, 2022, 276 pages

In this book, Jon Danielsson, professor of finance and director of the Systemic Risk Centre at the London School of Economics, draws on historical episodes of financial crises to try to determine why they keep occurring, how difficult it is to anticipate them and what can be done about it. It concluded that very significant improvements in

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