Crashed
How a Decade of Financial Crises Changed the World
Published on 2. August 2018
Book
Hardback
720 pages
978-1-84614-036-5 (ISBN)
Description
A New York Times Notable Book of 2018. Winner of the 2019 Lionel Gelber Prize
'Majestic, informative and often delightful ... insights on every page' Yanis Varoufakis, Observer
The definitive history of the Great Financial Crisis, from the acclaimed author of The Deluge and The Wages of Destruction.
In September 2008 the Great Financial Crisis, triggered by the collapse of Lehman brothers, shook the world. A decade later its spectre still haunts us. As the appalling scope and scale of the crash was revealed, the financial institutions that had symbolised the West's triumph since the end of the Cold War, seemed - through greed, malice and incompetence - to be about to bring the entire system to its knees.
Crashed is a brilliantly original and assured analysis of what happened and how we were rescued from something even worse - but at a price which continues to undermine democracy across Europe and the United States. Gnawing away at our institutions are the many billions of dollars which were conjured up to prevent complete collapse. Over and over again, the end of the crisis has been announced, but it continues to hound us - whether in Greece or Ukraine, whether through Brexit or Trump. Adam Tooze follows the trail like no previous writer and has written a book compelling as history, as economic analysis and as political horror story.
'Majestic, informative and often delightful ... insights on every page' Yanis Varoufakis, Observer
The definitive history of the Great Financial Crisis, from the acclaimed author of The Deluge and The Wages of Destruction.
In September 2008 the Great Financial Crisis, triggered by the collapse of Lehman brothers, shook the world. A decade later its spectre still haunts us. As the appalling scope and scale of the crash was revealed, the financial institutions that had symbolised the West's triumph since the end of the Cold War, seemed - through greed, malice and incompetence - to be about to bring the entire system to its knees.
Crashed is a brilliantly original and assured analysis of what happened and how we were rescued from something even worse - but at a price which continues to undermine democracy across Europe and the United States. Gnawing away at our institutions are the many billions of dollars which were conjured up to prevent complete collapse. Over and over again, the end of the crisis has been announced, but it continues to hound us - whether in Greece or Ukraine, whether through Brexit or Trump. Adam Tooze follows the trail like no previous writer and has written a book compelling as history, as economic analysis and as political horror story.
Reviews / Votes
A landmark book * The Observer * One of the sharpest minds in this field * Evening Standard * A detailed and superbly researched account of the origins and consequences of the wave of financial crises that emanated from the core of the global financial system from 2007. The prose is clear. The scholarship remarkable. Even people who have followed this story closely will learn a great deal. -- Martin Wolf * Financial Times * Deserves to be at the top of the reading list of anyone interested in the events of 2008 ... A majestic narrative ... informative and often delightful, insights are to be found on every page -- Yanis Varoufakis * Observer, Book of the Day * The global financial crises were undoubtedly seismic - and Tooze has provided a remarkably detailed narrative of their causes and consequences * Sunday Times * Skilful ... A bold attempt by Adam Tooze, a distinguished British-American historian, to make sense of this recent tumult ... Sophisticated. * Evening Standard * Bold and ambitious . . . probably the best of the current books about the First World War -- Praise for THE DELUGE * Observer * Tooze made his name with The Wages of Destruction . . . His study of the post-1918 era is equally impressive, explaining why the US and its allies, having defeated Germany, were unable to stabilize the world economy and build a collective security system in Europe -- Praise for THE DELUGE, Tony Barber * Financial Times BOOKS OF THE YEAR *More details
Language
English
Place of publication
London
United Kingdom
Publishing group
Penguin Books Ltd
Target group
Professional and scholarly
College/higher education
Dimensions
Height: 240 mm
Width: 162 mm
Thickness: 46 mm
Weight
1196 gr
ISBN-13
978-1-84614-036-5 (9781846140365)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
E-Book
08/2018
1st Edition
Penguin Books Ltd
€12.99
Available for download
Person
Adam Tooze is the author of the highly praised The Deluge and The Wages of Destruction, both published by Allen Lane. The Wages of Destruction won the Wolfson Prize for History and the Longman-History Today Book of the Year Prize. He has taught at Cambridge and Yale and is now Kathryn and Shelby Cullom Davis Professor of History at Columbia University.