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Journal of Economic Literature: Vol. 50 No. 1 (March 2012)

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Reading about the Financial Crisis: A Twenty-One-Book Review

Article Citation

Lo, Andrew W. 2012. "Reading about the Financial Crisis: A Twenty-One-Book Review." Journal of Economic Literature, 50(1): 151-78.

DOI: 10.1257/jel.50.1.151

Abstract

The recent financial crisis has generated many distinct perspectives from various quarters. In this article, I review a diverse set of twenty-one books on the crisis, eleven written by academics, and ten written by journalists and one former Treasury Secretary. No single narrative emerges from this broad and often contradictory collection of interpretations, but the sheer variety of conclusions is informative, and underscores the desperate need for the economics profession to establish a single set of facts from which more accurate inferences and narratives can be constructed. (JEL E32, E44, E52, G01, G21, G28)

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Authors

Lo, Andrew W. (MIT and AlphaSimplex Group LLC)

JEL Classifications

E32: Business Fluctuations; Cycles
E44: Financial Markets and the Macroeconomy
E52: Monetary Policy
G01: Financial Crises
G21: Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
G28: Financial Institutions and Services: Government Policy and Regulation


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