A crash felt round the world

This well-assembled group of brief essays on the 2008 economic crisis and the resulting Great Recession provides a pithy and rigorous summary of those very complicated and universally influential events. The Danube Institute in Budapest is not an especially well-known source of opinion in the English-speaking world on such matters, but this ambitious undertaking gives close to a 360-degree view of the issues raised by the debacle of 2008 in less than 100 pages. The well-known and well-traveled John O’Sullivan, the former editor of National Review and comment editor to the London Times and London Daily Telegraph, the New York Post, and the...