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Freefall: America, Free Markets, and the Sinking of the World Economy Paperback – October 4, 2010

4.4 out of 5 stars 193 ratings

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Editorial Reviews

Review

“Mr. Stiglitz uses his experience teaching to give the lay reader a lucid account of how overleveraged banks, a shoddy mortgage industry, predatory lending and unregulated trading contributed to the meltdown, and how, in his opinion, ill-conceived rescue efforts may have halted the freefall but have failed to grapple with more fundamental problems…. His prescience lends credibility to his trenchant analysis of the causes of the fiscal meltdown.”
- Michiko Kakutani, The New York Times

“Asks some basic and provocative questions… Freefall is a must-read for anyone seeking to understand the roots of the financial crisis. Stiglitz brilliantly analyzes the economic reasons behind the banking collapse, but he goes much further, digging down to the wrongheaded national faith in the power of free markets to regulate themselves and provide wealth for all.”
- Chuck Leddy, Boston Globe

“As a Nobel Prize winner, member of the cabinet under former President Bill Clinton and chairman of his Council of Economic Advisers, Joseph E. Stiglitz has some practical ideas on how to ease the pain of the Great Recession and maybe help prevent the next one.”
- Carl Hartman, Associated Press

Freefall is a spirited attack on Wall Street, the free market and the Washington consensus.”
- David Smith, The Times [London]

“Stiglitz offers a powerful account of the financial meltdown and criticizes the Obama Administration for 'muddling through' rather than pushing aggressively for change…. An excellent overview from a Nobel prize-winning economist of what caused the crisis and what reforms should be enacted…. I can only hope Obama makes room for it on his nightstand.”
- James Pressley, BusinessWeek

“Stiglitz is the world's leading scholarly expert on market failure, and this crisis vindicates his life's work. There have been other broad-spectrum books on the genesis and dynamics of the collapse, but Freefall is the most comprehensive to date, grounded in both theory and factual detail…. the definitive critique to date of how the Summers-Geithner strategy fails, both as economics and as politics…. The tone of this book is good-humored and public-minded.”
- Robert Kuttner, The American Prospect

“This is the best book so far on the financial crisis. Joseph Stiglitz . . . is knowledgeable about the historical background, immersed in the policy debate and a pioneer of the economic theories needed to understand the origins of the problems.”
- Financial Times

About the Author

Joseph E. Stiglitz is a Nobel Prize–winning economist and the best-selling author of Globalization and Its Discontents Revisited: Anti- Globalization in the Age of Trump, The Price of Inequality, and Freefall. He was chairman of the Council of Economic Advisers under President Clinton, chief economist of the World Bank, named by Time as one of the 100 most influential individuals in the world, and now teaches at Columbia University and is chief economist of the Roosevelt Institute.

Product details

  • Item Weight : 13.6 ounces
  • Paperback : 480 pages
  • ISBN-10 : 0393338959
  • Dimensions : 5.5 x 1.2 x 8.3 inches
  • ISBN-13 : 978-0393338959
  • Publisher : W. W. Norton & Company; Reprint edition (October 4, 2010)
  • Language: : English
  • Customer Reviews:
    4.4 out of 5 stars 193 ratings

Customer reviews

4.4 out of 5 stars
4.4 out of 5
193 global ratings
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Top reviews from the United States

Reviewed in the United States on March 24, 2014
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Reviewed in the United States on July 25, 2010
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Top reviews from other countries

Luke Young
5.0 out of 5 stars Great read.
Reviewed in the United Kingdom on November 26, 2017
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Shab
5.0 out of 5 stars Highly recommend
Reviewed in the United Kingdom on July 4, 2018
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Lew Owen
5.0 out of 5 stars A great economic analysis by a fine economist and very easy to grasp.
Reviewed in the United Kingdom on November 11, 2015
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malcolm de medwe
5.0 out of 5 stars recommended.
Reviewed in the United Kingdom on April 25, 2015
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mfaba
4.0 out of 5 stars Four Stars
Reviewed in the United Kingdom on October 7, 2015
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