Crisis Economics: A Crash Course in the Future of Finance by Nouriel Roubini and Stephen Mihm is a non-fiction financial book.
- 368 pages
- Publisher: Penguin Press
- Language: English
- ISBN-10: 1594202508
My rating for Crisis Economics — 3
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I thought Crisis Economics: A Crash Course in the Future of Finance by Nouriel Roubini and Stephen Mihm was a very interesting book, offering solutions to a stabilize the financial system. Even though the book might no longer be as relevant as it was when it was written, it is still fascinating.
The book gives a good overview of capitalism from the point of view of the crisis that happens every once in a while, before and after reforms. The authors give a clear look about the crisis of 2008 and what got us into it, as well as what long-term improvements should be done.
The authors go on to give some good, solid advice which is likely never to be implemented. Much of the proposals are politically poisonous (letting the Bush tax cuts expire in 2010), or will not gain support in government and especially with the financial industry.
The book ends with a gloomy look into the future – some of it seems to be coming true these days (China starting to fall, Europe is on financial brink). A very interesting book for those who want to an overview of the financial crisis without going into too much detail or more complex reading.
Zohar — Man of la Book
Disclaimer: I borrowed this book from the local library.
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