Economic crisis can lead to much human suffering but it is also when the economy tends to be most interesting. These global crises have happened more than once in the past and they are likely to happen again in the future. It is hoped that by understanding the mistakes of the past that we will be able to prevent them from occurring again in the future. There have been some great texts written on this topic. Here is the top 5 best global economic crisis books reviewed.
How I Predicted the Global Economic Crisis: The Most Amazing Book You’ll Never Read by Mr. John R. Talbott (2011)
Talbott is a much respected commentator on economics and in this book he describes what led to the last economic crash. It all happened as he predicted it would and this is what makes this book so interesting. If the signs were there and people ignored them then maybe this will happen again. Talbott is an engaging writer and this is a book you will find hard to put down. The author not only describes what went wrong but he also provides solutions that will prevent it happening again.
Principles of Economics: Global Financial – Crisis Edition – by John B. Taylor and Akila Weerapana
The nice thing about this book is that it doesn’t just tell you about things but also shows you. It manages this by providing plenty of real world examples. This text is easy to read and you don’t have to be an economics expert to enjoy it. This book covers all the basics of economics as well as including updated information about how the recent global crisis fits in with it all.
The Meltdown Years: The Unfolding of the Global Economic Crisis by Wolfgang MÃ¼nchau (2009)
This book takes a different approach than many of the other books on the economic crisis. It avoids trying to apportion blame but instead focuses on what happened and how it can be prevented from reoccurring. The book is divided into three parts and this works well; part one is focused on banking, part two on financial products, and part three on financial markets.
The Great Financial Crisis: Causes and Consequences by John Bellamy Foster and Fred Magdoff (2009)
This book provides a socialist perspective on the latest economic crisis. The authors provide a convincing argument for why things cannot continue the way they have been. Foster & Magdoff are able to put forward their points in simple terms. Even those people who don’t agree with their conclusions will still likely benefit from this work. At the very least this book has stimulated some interesting discussions.
The Global Economic Crisis The Great Depression of the XXI Century by Michel Chossudovsky and Andrew Gavin Marshall (2010)
This book offers a collection of ideas about the recent economic woes we have witnessed. The opinions here may be often be considered outside of the mainstream but they are brutally honest. Instead of just trying to blame one thing for the crisis this book considers a whole variety of different factors that came into play.