How books on the subprime crisis stack up

We sift through some of the most-discussed books on the subprime crisis: Robert Shiller's The Subprime Solution, Niall Ferguson's The Ascent of Money and Michael Lewis's The Big Short.

When Adam Smith wrote The Wealth of Nations in 1776, he sealed the foundations of what probably became the world’s most dominant economic model. The ideas of free markets, laissez faire and private sector hegemony appealed to most nations. The subsequent Great Depression came as a shock to the system but most experts, including a seminal study by Milton Friedman and Anna Schwartz, attribute the blame mostly to the policies of the US Federal Reserve the Fed and not really...

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