THE Age of Instability: The Global Financial Crisis and What Comes Nex

by David Smith

Bored with endless grandstanding and people being wise after the event? Then The Age of Instability is the one book you should read on the financial crisis. Setting the near collapse of the international financial markets and banking system in a global and historical context, Sunday Times economics editor and bestselling author David Smith looks not only at the political and economic factors that contributed to the fall of Lehmans, collapse of Iceland and disintegration of the subprime mortgage market but also at the emergence of a culture of risk and greed that made it possible to believe that greed was good and the good times would last forever. It provides an authoritative yet accessible guide to what happened, where, and when with practical suggestions for what needs to happen next.

Genres: Economics, Nonfiction, Finance

477 pages, Kindle Edition

First published May 1, 2010

About the author

David Smith is Economics Editor of The Sunday Times. He has a number of other books under his belt and is regularly on the radio and television, commentating on economics.

Reviews

[Steve Read · Rating 4 out of 5]

Good mostly

Generally very good in the posts I was reading it fit for, the banking crisis of the late 2000s. Towards the end got tied up on monetary policy which was way over my head. I understand why it was needed but would urge preferred more detail on the banks.

[Alan Hughes · Rating 3 out of 5]

This was generally a depressing book to read. It has a cogent description of the collapse and a worrying prediction for future trends.