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This myth shattering book reveals the methods Nouriel Roubini used to foretell the current crisis before other economists saw it coming and shows 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-in
Nouriel Roubini is a professor of economics at New York University’s Stern School of Business. He has extensive senior policy experience in the federal government, having served from1998 to 2000 in the White House and the U.S. Treasury. He is the founder and chairman of Roubini Global Economics, an economic and financial consulting firm, regularly attends and presents his views at the World Economic Forum at Davos, Switzerland, and other international forums, and is an adviser to central bankers around the world.
Stephen Mihm writes on economic and historical topics for The New York Times Magazine, The Boston Globe, and other publications. The recipient of numerous fellowships, he was the Newcomen Postdoctoral Fellow in Business at Harvard Business School from 2003 to 2004. He is currently an associate professor of history at the University of Georgia, where he teaches courses on American political, cultural, and economic history.
"A succinct, lucid and compelling account of the causes and consequences of the great meltdown of 2008"—Michiko Kakutani, The New York Times
"A rigorous yet highly readable look at why booms and busts occur and how to keep them from wreaking havoc on the real economy"—Bloomberg
“A succinct, lucid and compelling account of the causes and consequences of the great meltdown of 2008… essential reading for anyone interested in getting a crisp, if opinionated, overview of how the global financial system seized up in the fall of 2008 and what may happen in the months and years to come if serious reforms and new regulations are not embraced.”—Michiko Kakutani, The New York Times
“A rigorous yet highly readable look at why booms and busts occur and how to keep them from wreaking havoc on the real economy.—Bloomberg
“An impressive, timely argument on behalf of transparency and stability for a financial system conspicuously lacking both.”—Kirkus Reviews
