The Age of Instability by David Smith

The Age of Instability by David Smith

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Summary

The near-collapse of the global banking system was not supposed to happen. In an era of financial globalisation and sophisticated modelling of risk, the manias, panics and crashes of the past had apparently become historical curiosities. This book asks how did an apparently clear blue economic sky mask the approaching ferocious storm.

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The Age of Instability by David Smith

Bored with endless grandstanding and people being wise after the event? Then, The Age of Instability is the one book you should read on the financial crisis. Setting the near collapse of the international financial markets and banking system in a global and historical context, Sunday Times Economics editor and bestselling author, David Smith, looks not only at the political and economic factors that contributed to the fall of Lehmans, collapse of Iceland and disintegration of the subprime mortgage market but also at the emergence of a culture of risk and greed that made it possible to believe that greed was good and the good times would last forever. The Age of Instability provides an authoritative yet accessible guide to what happened, where, and when with practical suggestions for what needs to happen next.
As a guide through the treacherous and shifting landscape of the crisis, Smith has excellent credentialsHe is a fine economics columnist: digestible for the general reader, but meaty enough to interest the cognoscenti, and - unlike many of those attempting to scrawl down their first drafts of the history of the past few years - he has no particular agenda, whether ideological, commercial or personal... Smith gives fair, even-handed treatment to some of the key controversies -- Ed Crooks * FT *
as good a practical guide and prospectus as the Queen could wish to read -- Christopher Fildes * Sunday Times *
DAVID SMITH is economics editor of the Sunday Times and regularly comments on the radio and television on economics. He is the author of Free Lunch and The Dragon and the Elephant (both Profile).
SKU Unavailable
ISBN 13 9781846683107
ISBN 10 1846683106
Title The Age of Instability
Author David Smith
Condition Unavailable
Binding Type Paperback
Publisher Profile Books Ltd
Year published 2010-03-18
Number of pages 304
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.