Was Morsi s ouster a classic counterrevolution in the guise of a military coup? Or did the coup prevent a total takeover of power by the Muslim Brotherhood, and thus avert Egypt s economic collapse and chaotic descent into religious dictatorship?

The road to the ongoing financial and economic crisis was built on a foundation of intellectual capture not only regulators, but academics, too, became captivated by modern finance and its methods. Admati and Hellwig are at the vanguard of the counterrevolution, challenging the great myths of banking head on.