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There is still no consensus on who or what caused the financial crisis which engulfed the world, beginning in the summer of 2007.

A huge number of suspects have been identified, from greedy investment bankers, through feckless borrowers, dilatory regulators and myopic central bankers to violent video games and high levels of testosterone among the denizens of trading floors. There is not even agreement on whether the crisis shows a need for more government intervention in markets, or less: some maintain that government encouragement of home ownership lay at the heart of the problem in the...

Karl von Clausewitz (1780-1831) is considered by many to have been one of the greatest writers on war. His study On War was described by the American strategic thinker Bernard Brodie as "not simply the greatest, but the only great book about war." It is hard to disagree. Even though he wrote his only major work at a time when the range of firearms was fifty yards, much of what he had to say remains relevant today. Michael Howard explains Clausewitz's ideas in terms both of his experiences as a professional soldier in the Napoleonic Wars, and of the intellectual background of his time.