Hall of Mirrors

Hall of Mirrors

The Great Depression, the Great Recession, and the Uses-and Misuses-of History

Book - 2015
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A brilliantly conceived dual-track account of the two greatest economic crises of the last century and their consequences.
Publisher: New York, NY : Oxford University Press, [2015]
ISBN: 9780199392001
0199392005
Characteristics: vi, 512 pages ; 25 cm

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rpavlacic
Dec 08, 2015

"Those who cannot remember the past are condemned to repeat it," said George Santayana - and this book provides ample evidence that there were warning signs that a meltdown was going to happen in 2008 (in fact it started the previous year), signs which drew parallels to the easy credit and crazy monetary policies of the 1920s. The fact the contagion spread to both sides of the Atlantic in both instances isn't just proof that money never sleeps but there are idiots on both sides of the pond who play fast and loose - with our money, and with devastating consequences. The sad thing is that another financial calamity will happen, and it won't take another eighty years.

r
roystreet
Jun 06, 2015

Double your knowledge, double your fun, read about two depressions rolled into one.
Seriously, Eichengreen's parallel accounts of the Great Depression and the Great Recession illuminate both to great effect (pun intended). As a bonus, from time to time he lightens the proceedings by throwing in some acerbic comments. This is a good book for those who have followed the Great Recession and have some knowledge of the Great Depression. Highly condensed, it's probably not best as an introduction. What I especially liked was that the author keeps it moving. He provided enough detail to keep me interested (I hate rehashes). but avoided getting bogged down. I found it well written, if a trifle dense. It leans toward journal/newpaper style rather than academic. NO GRAPHS.

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