An Ignoble Experiment: An Expert's View of the Financial Crisis and Global Recovery

"Insightful, far-ranging, and complete, and still manages to be a lot of fun to read as well." - Robert Shiller, Yale University

From Financial Crisis to Global Recovery

Padma Desai

Order Your Copy Now and Save30%!
We'd like to offer you 30% off orders of From Financial Crisis to Global Recovery. To save 30%, add the book to your shopping cart, and enter code FRODE in the "Redeem Coupon" field at check out. Click on the "redeem coupon" button and your savings will be calculated.

REMINDER: SAVE ON HUNDREDS OF TITLES DURING OUR SPRING SALE

Download the e-book or buy individual chapters via Columbia University Press Online Access.

Search Inside the Book | Read Reviews

"Padma Desai explains the World Financial Crisis in human terms. In every chapter she associates the abstract principles of economics with stories about real people in real situations. These stories focus on who was making what decisions, and when and why they made them. That is what we need to understand the crisis." - George A. Akerlof , University of California, Berkeley and Nobel Laureate in Economics, 2001

Using the same presentation and detail that has earned her such wide-ranging acclaim for her previous books, Padma Desai explains the complexities of economic policy and financial reform. She merges a compelling narrative with scholarly research to engage the reader.

Desai begins with a systematic breakdown of the factors leading to America's recent recession, describing the monetary policy, tax practices, subprime mortgage scandals, and lax regulation that contributed to crisis. She discusses the Treasury-Fed rescue deals that saved several financial institutions and the involvement of Congress in passing restorative policies. She follows with an analysis of stress tests and other economic measures and investigates whether the U.S. economy is truly on the mend. Widening her view, she considers the prospects for recovery in North America as a whole, as well as Europe, Asia, and South America, and the extent and value of U.S. and E.U. regulatory proposals. She concludes with a historical comparison of the Great Depression and the Great Recession and a look at the effect of the economic collapse on future American capitalism.

ORDER THE BOOK