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Reading About the Financial Crisis: A 21-Book Review


Andrew W. Lo


Massachusetts Institute of Technology (MIT) - Sloan School of Management; Massachusetts Institute of Technology (MIT) - Computer Science and Artificial Intelligence Laboratory (CSAIL); National Bureau of Economic Research (NBER)

October 26, 2011


Abstract:     
The recent financial crisis has generated many distinct perspectives from various quarters. In this article, I review a diverse set of 21 books on the crisis, 11 written by academics, and 10 written by journalists and one former Treasury Secretary. No single narrative emerges from this broad and often contradictory collection of interpretations, but the sheer variety of conclusions is informative, and underscores the desperate need for the economics profession to establish a single set of facts from which more accurate inferences and narratives can be constructed.

Keywords: Financial Crisis, Systemic Risk, Book Review

JEL Classification: G10, G18, G20, G28, G30, G38, E60

working papers series


Date posted: October 27, 2011 ; Last revised: January 10, 2012

Suggested Citation

Lo, Andrew W., Reading About the Financial Crisis: A 21-Book Review (October 26, 2011). Available at SSRN: http://ssrn.com/abstract=1949908 or http://dx.doi.org/10.2139/ssrn.1949908

Contact Information

Andrew W. Lo (Contact Author)
Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )
100 Main Street
E62-618
Cambridge, MA 02142
United States
617-253-0920 (Phone)
781 891-9783 (Fax)
HOME PAGE: http://web.mit.edu/alo/www
Massachusetts Institute of Technology (MIT) - Computer Science and Artificial Intelligence Laboratory (CSAIL)
Stata Center
Cambridge, MA 02142
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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