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Customer Review

on 11 June 2010
I commend this short book to anyone interested in learning why the banks collapsed. There are a number of short essays by leading figures, whose contributions are enlightening,and amount, in the sum, to a devastating critique of mainstream American -led macro economics. They underscore the arrogance of many clever, but nearly deranged, number crunchers and mathematical theorists; their greed led them to a lucrative trade in statistical mumbo-jumbo, claiming falsely to be able to attach reliable measured probabilities to future economic events, on the basis of which economic soothesayers- the rating agencies and so-called quants- sold convenient comfort to financial traders and investors on the make. Lord Skidelski and his collaborators have done a great service, worthy of the great Keynes himself, in exposing all this, and I would urge him now to get the contributors to go on further, and to fill out their analysis, which, insightful as it is, is still a little breathless and incomplete in places.
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Product Details

4.5 out of 5 stars