Lords of Finance: The Bankers Who Broke the World

Lords of Finance: The Bankers Who Broke the World

Paperback

By (author) Liaquat Ahamed

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  • Publisher: Penguin Books
  • Format: Paperback | 564 pages
  • Dimensions: 137mm x 206mm x 33mm | 476g
  • Publication date: 29 December 2009
  • Publication City/Country: New York, NY
  • ISBN 10: 0143116800
  • ISBN 13: 9780143116806
  • Edition statement: Reprint
  • Illustrations note: black & white illustrations
  • Sales rank: 50,693

Product description

Winner of the 2010 Pulitzer Prize "A magisterial work...You can't help thinking about the economic crisis we're living through now." --"The New York Times Book Review" It is commonly believed that the Great Depression that began in 1929 resulted from a confluence of events beyond any one person's or government's control. In fact, as Liaquat Ahamed reveals, it was the decisions made by a small number of central bankers that were the primary cause of that economic meltdown, the effects of which set the stage for World War II and reverberated for decades. As yet another period of economic turmoil makes headlines today, "Lords of Finance" is a potent reminder of the enormous impact that the decisions of central bankers can have, their fallibility, and the terrible human consequences that can result when they are wrong.

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Author information

Liaquat Ahamed has been a professional investment manager for 25 years. He has worked at the World Bank in Washington D.C. and the New York based partnership of Fischer Francis Trees and Watts, where he served as Chief Executive. He is currently an adviser to several hedge fund groups, including the Rock Creek Group and the Rohatyn Group, is a director of Aspen Insurance Co. and is on the board of Trustees of the Brookings Institution. He has degrees in economics from Harvard and Cambridge Universities.