The Big Short

“What Michael Lewis points out very forcefully is that they were deliberately created by Wall Street banks in order to produce non-transparent securities that could not be adequately evaluated by the rating agencies, which then could be sold to less sophisticated investors, who would buy the idea that this junk debt actually had triple A ratings. So what this book does quite brilliantly is show that there was actually a high degree of intentionality in creating the crisis. “ Read more...

Francis Fukuyama recommends the best books on the The Financial Crisis

Francis Fukuyama, Political Scientist

“If I had any criticism of the book, it’s that he makes it seem too obvious. It becomes mysterious how anyone could have been confused.” Read more...

The best books on Unexpected Economics

Tim Harford, Economist

“Michael Lewis, to me, is the preeminent narrator of the financial crisis. He is the guy who constructs the story better than anybody else.” Read more...

The best books on Causes of the Financial Crisis

Barry Ritholtz, Fund Managers & Investor

“It tells us the difficulty markets have in correcting group think. You really have to be quite Aspergerish to take a stand against the crowd. In fact one of Lewis’s heroes, as it were, is hedge fund manager Michael Burry, who clearly had serious socialisation problems.” Read more...

The best books on Economics in the Real World

John Kay, Economist