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
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, E60working papers series
Date posted: October 27, 2011 ; Last revised: January 10, 2012
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