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I really have no idea whymy professor is making the class read this book.
Misunderstanding Financial Crises: Why We Don't See Them Coming
Written from a very academic point of view. Could have been Gorton's notes for lectures. Lots of old quotes about 100 year old financial crises; not much about last one.Published 7 months ago by Philip S.
Author relies too much on long historical quotes rather than advancing the narrative. At times the story of financial crises could have used more explanations rather than word by... Read morePublished 7 months ago by Alberto J Boquin
Gary B. Gorton is uniquely unqualified to write a credible book analyzing the causes of financial crises. Read morePublished 8 months ago by Ijon Tichy
This book is a masterpiece in placing the Global Financial Crisis in the context of previous crises and explaining how the crisis came about and, most importantly, why economists... Read morePublished 11 months ago by Eric Hansen
This book makes you misunderstand the financial crisis. If you want to understand the crisis in Gary Gorton's way, read the book, but you should know it's not the correct... Read morePublished 15 months ago by KindleBetrayedReaders
One weakness of books about the recent financial crisis, even the very good ones, is the tendency to fall back on categorical statements as explanations. Read morePublished 16 months ago by Mike Seo
In many ways an excellent book: historical perspective, indispensable to the subject, mastery of the intricacies of the shadow banking system, consequences of banking runs. Read morePublished 18 months ago by Alfredo Pastor Bodmer
This guy was responsible for the models that AIG used when entering into over $80 billion of toxic financial derivatives with Goldman Sachs. Read morePublished 19 months ago by A_2007_reader