In The Road to Long Finance: A systems view of the credit scrunch, co-authors Michael Mainelli and Bob Giffords argue that only systemic wisdom will provide a long-term solution to the crisis. A return to “business as usual” will leave unaddressed such important problems as ‘too big to fail’; abusive risk-taking; perverse incentives; and a dangerous lack of diversity within the system. Simply tightening the current system of regulation will not work because the crisis was “not a failure of open markets but a failure of highly regulated markets due to unexpected consequences of regulation and private decisions”.