Description

‘A masterclass in spotting the early signs of a crisis’ Nouriel Roubini

‘This is the historical perspective we need’ John Kay

‘A first point of entry for anybody who wants to learn how the world sleep-walked into multiple crashes’ Daron Acemoglu

‘Fascinating, well-written and authoritative’ Tim Harford

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The global economy has weathered the most tumultuous century in modern financial history.

Since America’s Wall Street Crash of 1929, the global economy has weathered the most tumultuous century in financial history. From the currency crises of the 1980s, to Japan’s housing meltdown, the dot com boom and bust, the global financial crash and the COVID pandemic, crash after crash has sent shockwaves through our world.

The Great Crashes tells the stories of ten of these historic financial events. They serve as a series of cautionary tales, each with their own lessons to be learnt. With clear-eyed analysis, renowned economist Professor Linda Yueh uses these meltdowns to extract a critical three-step framework to help recognise the early signs of a crash, mitigate the effects and even prevent them in the future. There is very little that is certain in economics, except for this: there will be another financial crisis.

Combining her in-depth knowledge with compelling storytelling, The Great Crashes is essential reading that offers urgent lessons for the modern world.

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‘An important contribution that can help society anticipate and tackle potential crashes in the future’ Christine Lagarde

Publisher Review

The perfect primer on the worst economic disasters of the past 100 years * The Times * Engrossing… [one of] the 75 best books for summer 2023 * Daily Telegraph * Linda Yueh’s new book [is] almost alarmingly timely, as if she were tanking the global economy as the mother of all guerrilla marketing stunts * Guardian * Best new books on economics: An important book to keep us all on our toes when complacency starts to creep in, again * Financial Times * Cogent analysis * Times Literary Supplement * Linda Yueh’s analysis of what past financial crises have in common is an important contribution that can help society anticipate and tackle potential crashes in the future — Christine Lagarde * President of the European Central Bank and former Managing Director of the International Monetary Fund, 2011-2019 * Fascinating, well-written and authoritative * Tim Harford * A first point of entry for anybody who wants to learn how the world economy sleep-walked into multiple crashes over the last century — Daron Acemoglu * Institute Professor at MIT, and author of Why Nations Fail * An accessible and insightful overview of modern financial crises, incorporating both historical detail and thoughtful analysis — Kenneth Rogoff * Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University, and former Chief Economist of the International Monetary Fund * Linda provides many with a very readable summary of all the great crises, but also more importantly derives the big lessons and how to have a better policy framework to avoid getting caught up in too much ” this time it is different” when the next big risks appear — Lord Jim O’Neill * Author of The Growth Map and former Chairman of Goldman Sachs Asset Management *