{"product_id":"getting-it-wrong-william-barnett-9780262516884","title":"Getting It Wrong | William A. Barnett","description":"\u003csection class=\"product-description\" style=\"color: #1a1a1a; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; line-height: 1.6;\"\u003e\n  \u003ch2 style=\"color: #2c3e50; font-size: 1.75em; margin-bottom: 15px; border-bottom: 2px solid #2c3e50; padding-bottom: 5px;\"\u003eGetting It Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy\u003c\/h2\u003e\n  \n  \u003ctable style=\"border-collapse: collapse; width: 100%; margin-bottom: 25px; font-size: 0.95em; border: 1px solid #e0e0e0;\"\u003e\n    \u003ctbody\u003e\n      \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n        \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; width: 30%;\"\u003eISBN-13\u003c\/th\u003e\n        \u003ctd style=\"padding: 10px; color: #1a1a1a; font-weight: bold;\"\u003e9780262516884\u003c\/td\u003e\n      \u003c\/tr\u003e\n      \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n        \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50;\"\u003eAuthor\u003c\/th\u003e\n        \u003ctd style=\"padding: 10px; color: #1a1a1a;\"\u003eWilliam A. Barnett\u003c\/td\u003e\n      \u003c\/tr\u003e\n      \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n        \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50;\"\u003eFormat\u003c\/th\u003e\n        \u003ctd style=\"padding: 10px; color: #1a1a1a;\"\u003eTrade Paperback\u003c\/td\u003e\n      \u003c\/tr\u003e\n      \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n        \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50;\"\u003ePublisher\u003c\/th\u003e\n        \u003ctd style=\"padding: 10px; color: #1a1a1a;\"\u003eThe MIT Press\u003c\/td\u003e\n      \u003c\/tr\u003e\n      \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n        \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50;\"\u003ePublication Date\u003c\/th\u003e\n        \u003ctd style=\"padding: 10px; color: #1a1a1a;\"\u003eDecember 16, 2011\u003c\/td\u003e\n      \u003c\/tr\u003e\n      \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n        \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50;\"\u003ePage Count\u003c\/th\u003e\n        \u003ctd style=\"padding: 10px; color: #1a1a1a;\"\u003e360\u003c\/td\u003e\n      \u003c\/tr\u003e\n      \u003ctr\u003e\n        \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50;\"\u003eSubjects\u003c\/th\u003e\n        \u003ctd style=\"padding: 10px; color: #1a1a1a;\"\u003eEconometrics, Mathematical Models, Monetary Policy\u003c\/td\u003e\n      \u003c\/tr\u003e\n    \u003c\/tbody\u003e\n  \u003c\/table\u003e\n\n  \u003ch3 style=\"color: #2c3e50; font-size: 1.25em; margin-top: 20px; margin-bottom: 10px;\"\u003eExtended Synopsis\u003c\/h3\u003e\n  \u003cp style=\"margin-bottom: 15px;\"\u003eBlame for the recent financial crisis and subsequent recession has commonly been assigned to Wall Street greed or the failure of mainstream economics. In \u003cem\u003eGetting It Wrong\u003c\/em\u003e, leading economist William A. Barnett argues a compelling alternative: the crisis was caused not by too much economics, but by corrupted monetary data constructed without reference to sound economic measurement. Barnett demonstrates that as financial instruments became increasingly complex, the simple-sum monetary aggregation formulas used by central banks, including the U.S. Federal Reserve, became dangerously obsolete.\u003c\/p\u003e\n  \u003cp style=\"margin-bottom: 15px;\"\u003eWithout access to best-practice data, households, firms, and governments incorrectly assessed systemic risk and dangerously increased their leverage. Barnett argues that highly accurate, publicly available financial data could have signaled these misperceptions and prevented catastrophic decision-making. Highlighting the toxic mix of complex financial instruments, poor-quality data, and declining regulation, this volume pairs an accessible historical narrative with rigorous technical appendices to fully support its mathematical and macroeconomic conclusions.\u003c\/p\u003e\n\n  \u003ch3 style=\"color: #2c3e50; font-size: 1.25em; margin-top: 20px; margin-bottom: 10px;\"\u003eReader Targeting\u003c\/h3\u003e\n  \u003cul style=\"margin-bottom: 15px; padding-left: 20px;\"\u003e\n    \u003cli style=\"margin-bottom: 5px;\"\u003eEconomists and central bankers seeking a rigorous quantitative critique of monetary aggregation and systemic risk models.\u003c\/li\u003e\n    \u003cli style=\"margin-bottom: 5px;\"\u003eStudents and academics specializing in macroeconomics, econometrics, and financial mathematics.\u003c\/li\u003e\n    \u003cli style=\"margin-bottom: 5px;\"\u003ePolicy makers and regulators exploring the critical intersection of data quality, financial complexity, and market stability.\u003c\/li\u003e\n  \u003c\/ul\u003e\n\n  \u003ch3 style=\"color: #2c3e50; font-size: 1.25em; margin-top: 20px; margin-bottom: 10px;\"\u003eAbout the Author\u003c\/h3\u003e\n  \u003cp style=\"margin-bottom: 15px;\"\u003e\u003cstrong\u003eWilliam A. Barnett\u003c\/strong\u003e is a renowned economist celebrated for his pioneering work in monetary economics and econometrics. His rigorous mathematical analysis and development of the Divisia monetary aggregates have positioned him as a leading authority on macroeconomic data and central bank policy.\u003c\/p\u003e\n\n  \u003ch3 style=\"color: #2c3e50; font-size: 1.25em; margin-top: 20px; margin-bottom: 10px;\"\u003eAccolades \u0026amp; Awards\u003c\/h3\u003e\n  \u003cp style=\"margin-bottom: 15px;\"\u003ePublished by The MIT Press, \u003cem\u003eGetting It Wrong\u003c\/em\u003e is celebrated for its uncompromising academic rigor. It masterfully bridges the gap between an accessible policy narrative and deep quantitative analysis, offering a definitive perspective on how corrupted statistical reporting compromises global financial systems.\u003c\/p\u003e\n\n  \u003cscript type=\"application\/ld+json\"\u003e\n  {\n    \"@context\": \"https:\/\/schema.org\",\n    \"@type\": \"Book\",\n    \"name\": \"Getting It Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy\",\n    \"author\": {\n      \"@type\": \"Person\",\n      \"name\": \"William A. 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