Analyses the intellectual and policy errors that have led us into crisis and sketches a new paradigm for risk management and market structure.

Part I On Our Situation; Chapter 1 The Suddenly Obvious and the Already Decided; Chapter 2 Melodramatic Narratives; Chapter 3 Blue Water; Chapter 4 Tragedy and Law; Part II On Rethinking; Chapter 5 Policy Thought, Regulation, and Innovation; Chapter 6 Constructing Healthy Markets; Chapter 7 Metaphors for Thinking Socially about Capitalism; Part III On Policy; Chapter 8 Restoring Confidence after a Crash; Chapter 9 Confronting Systemic Risk; Chapter 10 The Old Questions, the Old Answers; conclusion Conclusion;