Panic! : The Story Of Modern Financial Insanity

A brilliantly guided tour of recent financial meltdowns, this unique collection includes articles from Joseph Stiglitz, Jeffrey Sachs and this year's Nobel winner, Paul Krugman · As editor and leading contributor, Michael Lewis is without peer in his understanding of market forces and human foibles · Lewis is the author of several books including Liar's Poker which was a New York Times bestseller in hardback and paperback From Black Monday to the Asian financial crisis, from the internet bubble to mortgage meltdown, our lives are ruled by crazy cycles of euphoria and hysteria that manage to grip the world but are all-too-soon forgotten. In this unique collection of articles Michael Lewis – ex-trader and bestselling chronicler of greed and frenzy in the markets – casts a sceptical eye back over the most panicked-about panics of recent decades. He tells a story of boom and bust, deranged greed, outsized egos and over-inflated salaries, where the only thing that can ever be predicted is our constant inability to predict anything. Using contemporary accounts from commentators such as Joseph Stiglitz, Jeffrey Sachs and Paul Krugman, plus many of his own best writings, Michael Lewis gives us a completely new insight into how markets really operate – and who really knows what they’re talking about.