Regulating Towards Depression  Ed.: This review was originally
published at the Cobden Cetre and re-published at  [Engineering
the Financial Crisis: Systemic Risk and the Failure of
Regulation ♦ by Jeffrey Friedman and Wladimir Kraus ♦ University
of Pennsylvania Press, 2011]  There have been a good deal of
books attempting to find and explain the causes of the ongoing
financial crisis.  Authors have approached the issue from all
sorts of ideological perspectives and with different sets of
evidence.  Most of these works are lacking, incomplete, or even
flat-out wrong.  Many of them do not even care for the facts,
instead using vague generalizations to justify the application
of broad economic theories.  There has not, until recently,
really been a meticulous analysis of the mechanics of the causes
of the Great Recession, despite the enormous interest displayed
by the economics profession in the subject.  This lacuna has
been filled by Jeffrey Friedman, editor of Critical Review, and
Wladimir Kraus, in their re