Saturday, September 27, 2008

Meltdown Lit: Recommended Books for the Wall Street Debacle

(Excerpted from Shelf-Awareness)

Here are some titles highlighted by booksellers and librarians to help consumers understand how things could go so bad and how the mess might be cleaned up. Quite a few authors anticipated the current crisis. Among the highest-rated, gilt-edged titles:

The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means by George Soros (PublicAffairs, $22.95, 9781586486839/1586486837), May.

The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash by Charles R. Morris (PublicAffairs, $22.95, 9781586485634/1586485636), March.

The Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein (Picador, $16, 9780312427993/0312427999), appeared in paperback in June.

Financial Shock: A 360-Degree Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis by Mark Zandi (FT Press, $24.99, 9780137142903/0137142900), July.

The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do About It by Robert Shiller (Princeton University Press, $16.95, 9780691139296/0691139296), August.

Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism by Kevin Phillips (Viking, $25.95, 9780670019076/0670019070), April.

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