The Crash of 2008 and What it
Means: The New Paradigm for Financial Markets
(Paperback)
by George Soros
Review
"Totally
compelling." BBC Business editor Robert Peston "They're wrong
about oil, by George. In short, the standard economic
assumption that supply and demand drive prices is only a
starting point for understanding financial markets. In
boom-bust cycles, the textbook theory is not just slightly
inaccurate but totally wrong. This is the main argument made by
George Soros in his fascinating book on the credit crunch, The
New Paradigm for Financial Markets, launched at an LSE lecture
last night." The Times "The next generation of economists will
have to understand financial bubbles rather than ignore them,
as Greenspan and his fellow central bankers have done. They
would be well advised to give Soros's theory of reflexivity
serious consideration." Sunday Times "(Soros) present(s) a very
interesting and disturbing view of how free markets behave, and
the nature and extent of the crisis we're in." Sunday Business
Post "This was a book that George Soros badly wanted to write.
It is probably not what many of its readers expect to read. But
it shows that in his deeper thinking about the way markets
operate, Soros was several decades ahead of his time... His
insights are clear and concisely expressed. They are worth
reading for anyone interested in the topic." Financial Times
"The runners in the race for the White House should stop and
listen to Soros." Independent on Sunday"
Product Description
In the midst of one of the most serious financial upheavals
since the Great Depression, George Soros, the legendary
financier and philanthropist, writes about the origins of
the crisis and proposes a set of policies that should be
adopted to confront it. Soros, whose breadth of experience
in financial markets is unrivaled, places the crisis in the
context of his decades of study of how individuals and
institutions handle the boom and bust cycles that now
dominate global economic activity. In a concise essay that
combines practical insight with philosophical depth, Soros
makes an invaluable contribution to our understanding of
the great credit crisis and its implications for our nation
and the world.
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