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"A succinct, lucid and compelling account . . . Essential reading." -Michiko Kakutani, The New York Times
Renowned economist Nouriel Roubini electrified the financial community by predicting the current crisis before others in his field saw it coming. This myth-shattering book reveals the methods he used to foretell the current crisis and shows how those methods can help us make sense of the present and prepare for the future. Using an unconventional blend of historical analysis with masterful knowledge of global economics, Nouriel Roubini and Stephen Mihm, a journalist and professor of economic history, present a vital and timeless book that proves calamities to be not only predictable but also preventable and, with the right medicine, curable.
About the Author
Nouriel Roubini is a professor of economics at New York University's Stern School of Business and the founder and chairman of Roubini Global Economics. He has served in the White House and the U.S. Treasury. He lives in New York City.
Stephen Mihm writes on economics and history for The New York Times Magazine, The Boston Globe, and other publications and is an associate professor of history at the University of Georgia. He lives in Decatur, Georgia.
"A succinct, lucid and compelling account of the causes and consequences of the great meltdown of 2008"—Michiko Kakutani, The New York Times
"A rigorous yet highly readable look at why booms and busts occur and how to keep them from wreaking havoc on the real economy"—Bloomberg
“A succinct, lucid and compelling account of the causes and consequences of the great meltdown of 2008… essential reading for anyone interested in getting a crisp, if opinionated, overview of how the global financial system seized up in the fall of 2008 and what may happen in the months and years to come if serious reforms and new regulations are not embraced.”—Michiko Kakutani, The New York Times
“A rigorous yet highly readable look at why booms and busts occur and how to keep them from wreaking havoc on the real economy.—Bloomberg
“An impressive, timely argument on behalf of transparency and stability for a financial system conspicuously lacking both.”—Kirkus Reviews