Prof. Jayanth R. Varma's Financial Markets Blog

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Prof. Jayanth R. Varma's Financial Markets Blog, A Blog on Financial Markets and Their Regulation

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Sun, 31 Oct 2010

Crisis related books

My favourite crisis related book, Raghuram Rajan’s Fault Lines won the Financial Times and Goldman Sachs Business Book of the Year award last week. That gives me an excuse to write about the various crisis related books that I have read. There are clearly many important books on the crisis I have not read, and so I cannot comment on them. My list is not therefore intended to be comprehensive.

First of all are the books that provide a theoretical analysis of the crisis in its entirety and not just a few aspects of it.

Then there are books that provide important but partial theoretical perspectives on the crisis.

The third category is books that provide a detailed factual narrative of the entire crisis.

Another important category of crisis books look at specific actors or groups of actors that made or lost a fortune in the crisis.

I now turn to official reports related to the crisis.

I have not mentioned the books on financial history without which one cannot make sense of the crisis at all. This however is a subject for a separate blog post that I hope to compose in the next few days. So in this post, I will confine myself to only one book in this genre – This Time is Different – by Carmen Reinhart and Kenneth Rogoff. This is a book that simply cannot be dropped from any reading list on the crisis

Postscript: I have cheated a little. Many of the books that I have mentioned have a long subtitle in addition to the main title that I have mentioned here. I was too lazy to type these subtitles; moreover, the title is usually much more pithy without the subtitle. I have also consciously avoided giving links to Amazon or any other book site for any of these books in the belief that any half decent search engine will make up for this omission.

Posted at 16:44 on Sun, 31 Oct 2010     View/Post Comments (3)     permanent link