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Genesis of the Financial Crisis
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161 b
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Much of our current economic malaise began with the financial crisis of 2007-2010. There are many simplistic explanations that are incomplete or simply wrong: the financial crisis was caused by greed, the Republican party, the capitalist system, American consumerism. Many experts have provided insightful explanations from the viewpoint of their specialty (financial instruments, real estate, economics, banking or governance) and many actors have published riveting accounts of key events of the crisis. This book brings all these perspectives together in a short and accessible overview of the factors contributing to the onset of the crisis, and discusses the reaction to the crisis by mainstream and Austrian economists. It provides the reader with an understanding of the root of the financial crisis, taking into account the opinions of leading economists.
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