Global Financial Crisis and Books
December 11, 2008
While the entire world is facing the global financial crisis, publishers rush to get crisis books out. Not exactly a complaining, there are some interesting writings to check out. But I would like to know your ideas about this rush. Anyway, here are my suggestions for these months:
Global Financial Crisis and Books
The Subprime Solution: How Today’s Global Financial Crisis Happened, and What to Do about It. In this trenchant book, best-selling economist Robert Shiller reveals the origins of the crisis and puts forward bold measures to solve it. He calls for an aggressive response, a restructuring of the institutional foundations of the financial system that will not only allow people once again to buy and sell homes with confidence, but will create the conditions for greater prosperity in America and throughout the deeply interconnected world economy.
The New Paradigm for Financial Markets. George Soros argues that the current crisis differs from the various financial crises that preceded it. He bases that assertion on the hypothesis that the explosion of the US housing bubble acted as the detonator for a much larger “super-bubble” that has been developing since the 1980s. The underlying trend in the super-bubble has been the ever-increasing use of credit and leverage.
The Finance Crisis and Rescue: What Went Wrong? Why? What Lessons Can Be Learned?. It features thought leaders from the Rotman School explaining the financial crisis and rescue from a variety of perspectives.
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What financial crisis?