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Crisis Economics

a Crash Course in the Future of Finance
Sep 27, 2012Lukeinvancouver rated this title 4 out of 5 stars
Nouriel Roubini was one of the few economists who predicted the collapse of the US housing market and its dire consequences for most economies in the world. I found it entertaining to read. Maybe this is because my academic background is in economics, although it is written in easily understood terms by any intelligent reader. It is a book that should be read (in conjunction with many others that have been published about the recent financial crisis, which has yet to be resolved in my opinion) by anybody who is interested in the instability of financial markets. I think it is important to put this crisis in the context of other financial crises because as Carmen Reinhart and Kenneth Rogoff have shown in their influential book This Time Is Different that 800 years of financial crises prove the opposite of the title of their book. (If you are a VPL user you can have access to this important book electronically.)