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A Reading List for Economic Historians on the Great Recession of 2007–2009: Its Causes and Consequences

Published online by Cambridge University Press:  14 November 2011

LARRY NEAL*
Affiliation:
University of Illinois at Urbana-Champaign

Abstract

“Someday you guys are going to need to tell me how we ended up with a system like this….we're not doing something right if we're stuck with these miserable choices.” President Bush, to Henry Paulson and Ben Bernanke, after his briefing on September 16, 20081

Type
REVIEW ARTICLE
Copyright
Copyright © The Economic History Association 2011

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References

WORKS REVIEWED

Cassidy, John. How Markets Fail: The Logic of Economic Calamities. New York: Farrar, Straus & Giroux, 2011.Google Scholar
Financial Crisis Inquiry Commission. The Financial Crisis Inquiry Report. Washington, DC: GPO, 2011. Available online at http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdfGoogle Scholar
Friedman, Jeffrey, ed. What Caused the Financial Crisis. Philadelphia and Oxford: University of Pennsylvania Press, 2011.Google Scholar
Gorton, Gary. Slapped by the Invisible Hand: The Subprime Panic of 2007. New York: Oxford University Press, 2010.Google Scholar
Johnson, Simon, and Kwak, James. 13 Bankers: The Wall Street Takeover and the Next Financial Crisis. New York: Vintage Books, 2010.Google Scholar
Lewis, Michael. The Big Short: Inside the Doomsday Machine. New York: W. W. Norton & Company, 2010.Google Scholar
Lowenstein, Roger. The End of Wall Street. New York: Penguin Press, 2010.Google Scholar
McDonald, Lawrence G., and Robinson, Patrick. A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers. New York: Crown Business, 2009.Google Scholar
McLean, Bethany, and Nocera, Joe. All the Devils are Here: The Hidden History of the Financial Crisis. London: Penguin, 2010.Google Scholar
Mehrling, Perry. The New Lombard Street: How the Fed Became the Dealer of Last Resort. Princeton, NJ: Princeton University Press, 2011.Google Scholar
Mortenson, Gretchen, and Rosner, Joshua. Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon. New York: Times Books, Henry Holt and Company, 2011.Google Scholar
Rajan, Raghuram. Fault Lines: How Hidden Fractures Still Threaten the World Economy. Princeton, NJ: Princeton University Press, 2010.Google Scholar
Reinhart, Carmen M., and Rogoff, Kenneth S.. This Time is Different: Eight Centuries of Financial Folly. Princeton, NJ: Princeton University Press, 2009.Google Scholar
Sorkin, Andrew Ross. Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System from Crisis—And Themselves. New York: Viking, 2009.Google Scholar
Tett, Gillian. Fool's Gold: How the Bold Dream of a Small Tribe at J. P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe. New York: Free Press, 2009.Google Scholar
Wessel, David. In Fed We Trust: Ben Bernanke's War on the Great Panic. New York: Crown Business, 2009.Google Scholar

REFERENCES

Atack, Jeremy, and Neal, Larry, eds. The Origins and Development of Financial Markets and Institutions from the Seventeenth Century to the Present.Cambridge and New York: Cambridge University Press, 2009.CrossRefGoogle Scholar
Kindleberger, Charles P., and Aliber, Robert Z.. Manias, Panics, and Crashes: A History of Financial Crises. Fifth Edition. Hampshire, UK: Palgrave-MacMillan, 2005.CrossRefGoogle Scholar
Neal, Larry and Weidenmier, Marc. “How It All Began: Financial Contagion in the History of Globalization.” In The History of Globalization, edited by Bordo, Michael, Taylor, Alan, and Jeffrey, G. Williamson. Chicago: NBER and University of Chicago Press, 2003.Google Scholar
The New Yorker, September 21, 2009Google Scholar