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 to the market participants. The convenient and successful marriage between private-sector reforms and communist ideology in China and the collapse of the Soviet Union in 1991 put a lid on the debate on free markets....

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222