Book Reviews: Top Books on The Great Recession
A Nobel prize winner, university faculty, and industry insiders explore the whys and wherefores of the current “Great Recession” in these Top 5 new titles in Ford Library.
Click the titles below for information on location and availability.
- Freefall : America, free markets, and the sinking of the world economy. by Joseph E. Stiglitz. W.W. Norton & Co., 2010.
Nobel Prize winning economist analyzes the global economic crisis and describes what should be done to promote growth and stability.
- Crisis economics : a crash course in the future of finance. by Nouriel Roubini and Stephen Mihm. Penguin Press, 2010.
NYU Economics professor Roubini (Dr. Doom), who forecasted the economic crisis in 2006, explains that financial systems are inherently prone to collapse and recommends change to bring transparency and stability to financial institutions.
- Paper fortune$ : modern Wall Street : where it’s been and where it’s going by Roy C. Smith. St. Martin’s Press, 2010.
NYU faculty member and former Goldman Sachs banker tells the story of Wall Street and the people who shaped it from a boutique business to a global industry.
- How markets fail : the logic of economic calamities. by John Cassidy. Farrar, Straus and Giroux, 2009.
Traces the rise and fall of free market ideology, including how the rational pursuit of self interest created the economic crisis, and how it must be replaced by reality-based economics that recognizes human irrationality and interdependence.
- The crisis of capitalist democracy. by Richard A. Posner. Harvard University Press, 2010.
Circuit Court Judge and Chicago School economist analyzes the economic collapse and questions the ability of government to respond effectively to the Great Recession.
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