Why did the Crisis of 2008 Happen?

Nassim Nicholas Taleb

NYU-Tandon School of Engineering

August 26, 2010

This paper - while a standalone invited essay written for a special crisis issue of New Political Economy - synthesizes the various technical documents by the author as related to the financial crisis. It can also be used as a technical companion to The Black Swan (2007-2010).

Keywords: Black Swan, Risk Management, Finance, Markets, Crisis

JEL Classification: D8, G11, G12, G13, N

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Date posted: August 29, 2010 ; Last revised: February 2, 2015

Suggested Citation

Taleb, Nassim Nicholas, Why did the Crisis of 2008 Happen? (August 26, 2010). Available at SSRN: https://ssrn.com/abstract=1666042 or http://dx.doi.org/10.2139/ssrn.1666042

Contact Information

Nassim Nicholas Taleb (Contact Author)
NYU-Tandon School of Engineering ( email )
Bobst Library, E-resource Acquisitions
20 Cooper Square 3rd Floor
New York, NY 10003-711
United States
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