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The Alchemists: Three Central Bankers and a World on Fire Hardcover – 31 Oct 2013

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Product details

  • Hardcover: 400 pages
  • Publisher: Penguin (31 Oct. 2013)
  • Language: English
  • ISBN-10: 1594204624
  • ISBN-13: 978-1594204623
  • Product Dimensions: 23.9 x 16.5 x 3.8 cm
  • Average Customer Review: 1.0 out of 5 stars 1 customer review
  • Amazon Bestsellers Rank: 1,675,747 in Books (See Top 100 in Books)
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Review

The New York Times: "[Mr. Irwin] has provided an accessible, engrossing account of the tribulations that Mr. Bernanke, with Mervyn A. King of the Bank of England and Jean-Claude Trichet of the European Central Bank, endured in pulling the world financial system back from collapse... Mr. Irwin seems to have talked with everyone, read the right scholarly papers and interviewed important dissenters in the Fed, the European Central Bank, the Bank of England and the Bundesbank... He has a nice touch for translating central banking's mysteries, opaque and forbidding, into understandable English. He is astute in describing the internal and external politics of institutions traditionally expected to remain above politics of the usual sort." Adam S. Posen, "Foreign Affairs," President of the Peterson Institute for International Economics and member of the Bank of England's Monetary Policy Committee from 2009 to 2012: "An excellent account...scrupulously reported and full of clear explanations of events and economic concepts....an incredibly valuable book for all economically concerned non-economists. As someone who knows well the three central bankers that the book features...I can attest that the narrative has more than just a ring of truth. It gets the individuals, the circumstances surrounding their decisions, and their motivations right and also presents them fairly. Irwin's volume will have lasting value for a wide range of audiences, including students and elected officials, but it will make its greatest contribution as a corrective to the many unfounded or simply crazy ideas about monetary policymakers' intentions and impact." The Wall Street Journal: "A detailed and fast-moving account of these perilous years. This is the crisis as told through emails, phone calls, meetings and one very fateful walk along the beach in Deauville, France." Kirkus Reviews: "The most complete and authoritative account to date of the response of the central bankers to the global financial crisis."

About the Author

Neil Irwin is a "Washington Post" columnist and economics editor of the "Post"'s "Wonkblog" web site. From 2007 to 2012, he led coverage of the global financial crisis, recession, and aftermath as the "Post"'s beat reporter covering the Federal Reserve and other central banks. He has an MBA from Columbia University, where he was a Knight-Bagehot Fellow in Economic and Business Journalism. Irwin appears regularly on television analyzing economic topics, including on MSNBC, CNBC, and the PBS "Newshour." He lives in Washington.


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Amazon.com: 4.4 out of 5 stars 90 reviews
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5.0 out of 5 starsA frightening book, yet critical to understanding the world's current financial crisis, and crises to come
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5.0 out of 5 starsEverything you need to know about how central bankers dealt with the economic collapse
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