- Published: 9 July 2024
- ISBN: 9780241988084
- Imprint: Penguin General UK
- Format: Paperback
- Pages: 256
- RRP: $30.00
The Great Crashes
Lessons from Global Meltdowns and How to Prevent Them
- Published: 9 July 2024
- ISBN: 9780241988084
- Imprint: Penguin General UK
- Format: Paperback
- Pages: 256
- RRP: $30.00
Linda Yueh's analysis of what past financial crises have in common is an important contribution that can help society anticipate and tackle potential crashes in the future
Christine Lagarde, President of the European Central Bank and former Managing Director of the International Monetary Fund, 2011-2019
A first point of entry for anybody who wants to learn how the world economy sleep-walked into multiple crashes over the last century
Daron Acemoglu, Institute Professor at MIT, and author of Why Nations Fail
Fascinating, well-written and authoritative
Tim Harford
An accessible and insightful overview of modern financial crises, incorporating both historical detail and thoughtful analysis
Kenneth Rogoff, Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University, and former Chief Economist of the International Monetary Fund
Linda provides many with a very readable summary of all the great crises, but also more importantly derives the big lessons and how to have a better policy framework to avoid getting caught up in too much " this time it is different" when the next big risks appear
Lord Jim O'Neill, Author of The Growth Map and former Chairman of Goldman Sachs Asset Management
A masterclass in spotting the early signs of a crisis. Linda Yueh expertly shows how we can understand these crashes better when they occur and even prevent them from happening in the future. A accessible yet rich study of our most turbulent economic years
Nouriel Roubini, author of Megathreats
This well-written book draws out the many different ways in which markets can crash and she's willing to chance her arm predicting the next one
Sir Vince Cable, author of How to be a Politician and former UK Secretary of State for Business, Energy and Industrial Strategy, 2010-2015
A timely and instructive book on the big financial and economic crashes. It comes in the midst of a global polycrisis that threatens the economic and social well being of all especially the World's poorest citizens. Linda Yueh makes a heroic effort to tease out lessons fundamental to managing future crises. The question is: Will we learn?
Dr Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO) and former Finance Minister of Nigeria, 2003-2006 and 2011-2015
Troubled times call for a historical perspective and this is the historical perspective we need
John Kay, author of Radical Uncertainty and former member of the Independent Commission on Banking of the UK Government, 2010-2011
Demonstrates how that old saying - "this time is different" - is both so true and so wrong!
Lord Stephen Green, former CEO and Chairman of HSBC and UK Minister of State for Trade and Investment, 2011-2013
Crashes are an integral part of the history of capitalism. The last century has seen plenty of them. All crashes begin with debt-fuelled euphoria and end in disappointment. Yet how bad that disappointment turns out to be also depends on where in the economy the crash falls and how determined and credible are the responses. In this lively and blessedly brief book, Linda Yueh does a lovely job of explaining the history and drawing the necessary lessons
Martin Wolf, Chief Economics Commentator, Financial Times
This excellent overview identifies the ingredients that are specific to each crisis and common to all. She provides a lucid assessment of the efficacy of policy responses, high-lighting credibility as a necessary condition for successful resolution
Lord Nick McPherson,, former Permanent Secretary of the UK Treasury, 2005-2016, and Chairman of C. Hoare & Co.
"Why did nobody notice?" Was the question the Queen asked about the 2008 financial crisis. It was a good question. All financial crises and crashes have their own characteristics but they also often involve certain common features:- Irrational exuberance, Speculative frenzy, Greed and over confidence usually supported by high levels of gearing. Linda Yueh's new book will be a timely reminder to governments and regulators of the warning signs of future crises
Lord Norman Lamont, former Chancellor of the Exchequer, 1990-1993
Timely, entertaining and full of useful insights
Gideon Rachman, Chief Foreign Affairs Commentator, Financial Times
Renowned economist Dr Linda Yueh looks at past financial crashes - from the Wall Street Crash to the dot com boom and bust and the Covid pandemic - to explore what we can learn from them in this entertainingly written book.
i, Best New Books in May
Entertaining, well-written . . . [Yueh] has come up with a three-step framework to help spot when financial problems are brewing and identifies where the next may occur.
Ben Wright, Telegraph
A gifted writer (een begenadigd schrijver)
De Telegraaf
The perfect primer on the worst economic disasters of the past 100 years
The Times
Linda Yueh's new book [is] almost alarmingly timely, as if she were tanking the global economy as the mother of all guerrilla marketing stunts
Guardian
Best new books on economics: An important book to keep us all on our toes when complacency starts to creep in, again
Financial Times
Engrossing... [one of] the 75 best books for summer 2023
Daily Telegraph
Cogent analysis
Times Literary Supplement