(Penguin Press, $27.95)
In 2006, when New York University economist Nouriel Roubini warned that a U.S. housing bust would create a “fiscal tsunami” with global repercussions, he was nicknamed “Dr. Doom,” said Michiko Kakutani in The New York Times. In Crisis Economics, the “much-celebrated prophet” and his co-author offer a “succinct, lucid, and compelling account” of the causes and repercussions of the 2008 financial crisis. It’s “essential reading,” even if Roubini sings his own praises too often. Once ridiculed, Roubini is now so popular he’s “even considered something of a heartthrob,” said Gillian Tett in the Financial Times. Yet this book isn’t as “racy and melodramatic” as his public statements. Instead, it’s full of sober analysis and prescriptions for avoiding another fiscal disaster. A few years ago his opinions “might have sounded radical”; that they now seem “almost mainstream” shows how bad things have gotten.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
