
Crisis Economics
A Crash Course in the Future of Finance
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Narrated by:
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L. J. Ganser
This myth-shattering book reveals the methods Nouriel Roubini used to foretell the current crisis before other economists saw it coming and explains how those methods can help us make sense of the present and prepare for the future.
Renowned economist Nouriel Roubini electrified his profession and the larger financial community by predicting the current crisis well in advance of anyone else. Unlike most in his profession, who treat economic disasters as freakish once-ina-lifetime events without clear cause, Roubini, after decades of careful research around the world, realized that they were both probable and predictable. Armed with a blend of historical analysis and global economics, Roubini has forced politicians, policy makers, investors, and market watchers to face a long-neglected truth: financial systems are inherently fragile and prone to collapse.
Drawing on the parallels from many countries and centuries, Nouriel Roubini and Stephen Mihm, a professor of economic history and a New York Times Magazine writer, show that financial cataclysms are as old and as ubiquitous as capitalism itself. All of these crises have much in common with the current downturn. Bringing lessons of earlier episodes to bear on our present predicament, Roubini and Mihm show how we can recognize and grapple with the inherent instability of the global financial system and plan for our immediate future. Perhaps most important, the authors - considering theories, statistics, and mathematical models with the skepticism that recent history warrants - explain how the world's economy can get out of the mess we're in, and stay out. In Roubini's shadow, economists and investors are increasingly realizing that they can no longer afford to consider crises the black swans of financial history.
A vital and timeless book, Crisis Economics proves calamities to be not only predictable but also preventable and, with the right medicine, curable.
©2010 Nouriel Roubini (P)2010 PenguinListeners also enjoyed...




















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This is a good book, however, it repeats itself very often during the pages and some of the ideas (in special those from Keynes) did no age well considering the recent crisis in 2020 and the overspending from governments.
Anyhow, it is frustrating to observe that more than 10 years after its publication, most of the good ideas (not all are good or practical) to mitigate ciriais proposed by the authors wasn’t implemented and the financial system did no change much.
A good book
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A good overview of crisis economics
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Boring, Couldn't Finish It
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Very comprehensive
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Great book.
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I also want to credit the reader: L.J. Ganser!"Preposterous!" His voice is best suited to the subject. By comparison he dwarfs most readers and I am now hesitant to listen to other audiobooks not read by him.
Instant Modern classic
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What was one thing that was missing?
- An explanation of twin deficits. Unless I fell asleep, he mentioned twin deficits without specifically defining it.
What was one thing that I would change?
- I'd condense chapters 8 & 9.
What did I like the most?
- The solutions proposed are incumbent upon him as a respected economist that is full of gloom, but I liked his willingness to suggest solutions for global welfare. They were fair. I also liked his references to other economists. This is conducive to further reading.
I learned a lot from this work and recommend chapters 11 & 12 if you are pressed for time.
Worth listening to even a decade after the crisis referred to transpired…
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3 hours of it required sheer willpower - or stupidity.
"New York phonebook - The Musical"
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