?I am very enthusiastic about this book since I have learned so much from it about the origins of our economic institutions and about the fundamental principles by which our government creates value for society. It is a profoundly enlightening book#65533; ?Robert J. Shiller, author of Irrational Exuberance One of the most important functions of government?risk management?is one of the least well understood. Moving beyond the most familiar public functions?spending, tation, and regulation? When All Else Fails spotlights the government?s pivotal role as a risk manager. It reveals, as never before, the nature and extent of this governmental function, which touches almost every aspect of economic life In policies as diverse as limited liability, deposit insurance, Social Security, and federal disaster relief, American lawmakers have managed a wide array of private-sector risks, transforming both the government and countless...

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