An Overview of Trade Books that Warned of the 2008 Real Estate and Financial Meltdown

8 Pages Posted: 15 Mar 2013 Last revised: 21 Jul 2014

See all articles by Frank T. Manheim

Frank T. Manheim

Schar School of Policy and Government, George Mason University

Date Written: March 10, 2013

Abstract

In contrast to high-level U.S. government officials and advisors who failed to anticipate the real estate and financial crisis of 2008, at least 17 trade books from 2002 to 2008 warned of an impending crash. The book authors were a minority in the finance and business community, which for the most part was also unprepared for the events. Academic economists failed to provide checks on flawed policies. This suggests greater emphasis on broader understanding of and practical application of economics to national affairs in academic research and curricula.

Keywords: Financial Crisis, Real Estate Market, Academia, Policy

Suggested Citation

Manheim, Frank T., An Overview of Trade Books that Warned of the 2008 Real Estate and Financial Meltdown (March 10, 2013). GMU School of Public Policy Research Paper No. 2013-14, Available at SSRN: https://ssrn.com/abstract=2233439 or http://dx.doi.org/10.2139/ssrn.2233439

Frank T. Manheim (Contact Author)

Schar School of Policy and Government, George Mason University ( email )

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HOME PAGE: http://policy.gmu.edu/manheim

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