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The Next Economic Disaster: Why It's Coming and How to Avoid It Hardcover – Illustrated, August 12, 2014

4.2 out of 5 stars 39 ratings

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Editorial Reviews

Review

"If you want to understand why financial crises occur, read The Next Economic Disaster. In this penetrating new book, serial entrepreneur Richard Vague succinctly documents how all financial collapses originate with too much private borrowing. In plain English, he outlines some of the steps we need to take to avoid the next cataclysm."—Liaquat Ahamed, author of Lords of Finance: The Bankers Who Broke the World



"Economists failed to predict the 2007 meltdown and they're on course to miss the next one too. As a consumer lending practitioner who saw it coming, Richard Vague's voice should not be ignored. His emphasis on the dangers of rising private household debt is a key both to the last crisis and the next."—Ed Luce, Financial Times Chief U.S. Commentator and Columnist



"We all know that too much debt is bad. But if you want to know how bad, you need to read this book. Packed with insightful analysis, it is a must-read for anyone who wants to understand how we got onto the road to financial ruin—and how to avoid the next disaster."—Megan McArdle, Bloomberg View

About the Author

Philanthropist and former banker Richard Vague is a managing partner of Gabriel Investments and Chairman of The Governor's Woods Foundation.

Product details

  • Item Weight : 10.4 ounces
  • Hardcover : 104 pages
  • ISBN-10 : 0812247043
  • ISBN-13 : 978-0812247046
  • Dimensions : 5.5 x 0.38 x 8.5 inches
  • Publisher : University of Pennsylvania Press; Illustrated edition (August 12, 2014)
  • Language: : English
  • Customer Reviews:
    4.2 out of 5 stars 39 ratings

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Customer reviews

4.2 out of 5 stars
4.2 out of 5
39 global ratings
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Top reviews from the United States

Reviewed in the United States on August 25, 2014
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Reviewed in the United States on August 22, 2015
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Reviewed in the United States on March 21, 2015
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6 people found this helpful
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Reviewed in the United States on April 13, 2015
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Reviewed in the United States on August 2, 2017
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Reviewed in the United States on December 7, 2014
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Reviewed in the United States on January 12, 2015
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Top reviews from other countries

Clive Menzies
4.0 out of 5 stars Contains good data but narrowly focused on private debt (including corporate ...
Reviewed in the United Kingdom on October 9, 2014
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5 people found this helpful
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Clayton Tobin
5.0 out of 5 stars Best book for understanding 2008 financial crisis
Reviewed in Canada on January 23, 2017
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Amazon Customer
5.0 out of 5 stars Simplicity in complexity
Reviewed in Australia on January 19, 2019
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Panda Bear
5.0 out of 5 stars Five Stars
Reviewed in Canada on April 4, 2018
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Max Williams
3.0 out of 5 stars Three Stars
Reviewed in Australia on November 5, 2014
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