Recommendations from our site
“Diamond and Dybvig lay out their vision of the role of banks and the notion of liquidity….An important feature of banking: at any given time, a bank doesn’t have enough money – shouldn’t have enough money, if it’s doing its job well – to repay all its depositors then and there. The money has been invested in some productive project; it’s illiquid.” Read more...
Economic Theory and the Financial Crisis: A Reading List
Eric Maskin, Economist
Our most recommended books
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A Monetary History of the United States, 1867-1960
by Anna Schwartz & Milton Friedman -
The Big Short: Inside the Doomsday Machine
by Michael Lewis -
The Wealth and Poverty of Nations
by David S Landes -
The Worldly Philosophers
by Robert L Heilbroner -
The Passions and the Interests
by Albert Hirschman -
The Race between Education and Technology
by Claudia Goldin and Lawrence F Katz
