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Wall Street, the Depression and the Lords of Finance
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Six books which throw some light on the economic crisis of 2008-09 chosen by Floyd Norris of the NYT. This covers the books Lords of Finance, The Cost of Capitalism, How Markets Fail, Myth of the Rational Market, Ivan Krueger, and Cornelius Vanderbilt. The first three books point to the wisodom of Howard Minsky which was forgotten in the new postwar wave of mathematical economics. Minsky pointed out the dangers of overconfidence that lead to market failures which are not in any of the textbooks of economics and which still hold sway in the classrooms today.
Books that throw light on the on the Economic crisis of 2008-09 selected by the NYT.
03/06/2009
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Wall Street, the Depression and the Lords of Finance
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