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After the Music Stopped: the Financial Crisis, the Response, and the Work Ahead (13 Edition)

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After the Music Stopped: the Financial Crisis, the Response, and the Work Ahead (13 Edition) Cover

 

Synopses & Reviews

Please note that used books may not include additional media (study guides, CDs, DVDs, solutions manuals, etc.) as described in the publisher comments.

Publisher Comments:

One of our wisest and most clear-eyed economic thinkers offers a masterful narrative of the crisis and its lessons

Many fine books on the financial crisis were first drafts of history—books written to fill the need for immediate understanding. Alan S. Blinder, esteemed Princeton professor, Wall Street Journal columnist, and former vice chairman of the Federal Reserve Board, held off, taking the time to understand the crisis and to think his way through to a truly comprehensive and coherent narrative of how the worst economic crisis in postwar American history happened, what the government did to fight it, and what we can do from here—mired as we still are in its wreckage.

With bracing clarity, Blinder shows us how the U.S. financial system, which had grown far too complex for its own good—and too unregulated for the public good—experienced a perfect storm beginning in 2007. Things started unraveling when the much-chronicled housing bubble burst, but the ensuing implosion of what Blinder calls the “bond bubble” was larger and more devastating. Some people think of the financial industry as a sideshow with little relevance to the real economy—where the jobs, factories, and shops are. But finance is more like the circulatory system of the economic body: if the blood stops flowing, the body goes into cardiac arrest. When Americas financial structure crumbled, the damage proved to be not only deep, but wide. It took the crisis for the world to discover, to its horror, just how truly interconnected—and fragile—the global financial system is. Some observers argue that large global forces were the major culprits of the crisis. Blinder disagrees, arguing that the problem started in the U.S. and was pushed abroad, as complex, opaque, and overrated investment products were exported to a hungry world, which was nearly poisoned by them.

The second part of the story explains how American and international government intervention kept us from a total meltdown. Many of the U.S. governments actions, particularly the Feds, were previously unimaginable. And to an amazing—and certainly misunderstood—extent, they worked. The worst did not happen. Blinder offers clear-eyed answers to the questions still before us, even if some of the choices ahead are as divisive as they are unavoidable. After the Music Stopped is an essential history that we cannot afford to forget, because one thing history teaches is that it will happen again.

Review:

"As the U.S. economy desperately tries to crawl out of its gloomy cave, many still feel the impact of the 2007 financial crisis. Here, noted analyst Blinder (The Quiet Revolution) provides insights on why it happened, covering three critical questions: How did we get into this mess? What was done to correct problems? and have we learned anything? He opens by addressing the rise of unemployment rates and the housing market crash, with Blinder explaining what happened to big players like AIG, Merrill Lynch, and WaMu as they collapsed. He provides a clear critical analysis of the actions authorities proposed to prevent large corporations from crumbling, and offers his own opinion on how to fix the system. Later chapters explain the key weaknesses that predate the fateful summer of 2007, and what happened to the citizens, why the government took the actions it did, and why those policies were wise. As Blinder outlines the causes of the financial crisis, he acknowledges that questions still linger in the public mind: Has history taught us anything, or are we headed for a repeat of this kind of crisis? Agent: John Brockman, Brockman Inc. (Jan.)" Publishers Weekly Copyright PWxyz, LLC. All rights reserved.

Synopsis:

and#147;Blinder is a master storyteller . . . one of the best books yet about the financial crisis.and#8221; and#151;The Wall Street Journal

Alan S. Blinderand#151;esteemed Princeton professor, Wall Street Journal columnist, and former vice chairman of the Federal Reserve Board under Alan Greenspanand#151;is one of our wisest and most clear-eyed economic thinkers. In After the Music Stopped, he delivers a masterful narrative of how the worst economic crisis in postwar American history happened, what the government did to fight it, and what we must do to recover from it. With bracing clarity, Blinder chronicles the perfect storm of events beginning in 2007, from the bursting of the housing bubble to the implosion of the bond bubble, and how events in the U.S. spread throughout the interconnected global economy. Truly comprehensive and eminently readable, After the Music Stopped is the essential book about the financial crisis.

Synopsis:

Named one of the Ten Best Books of 2013 by Michiko Kakutani and the New York Times Book Review 

“Blinder is a master storyteller . . . one of the best books yet about the financial crisis.” —The Wall Street Journal

Alan S. Blinder—esteemed Princeton professor, Wall Street Journal columnist, and former vice chairman of the Federal Reserve Board under Alan Greenspan—is one of our wisest and most clear-eyed economic thinkers. In After the Music Stopped, he delivers a masterful narrative of how the worst economic crisis in postwar American history happened, what the government did to fight it, and what we must do to recover from it. With bracing clarity, Blinder chronicles the perfect storm of events beginning in 2007, from the bursting of the housing bubble to the implosion of the bond bubble, and how events in the U.S. spread throughout the interconnected global economy. Truly comprehensive and eminently readable, After the Music Stopped is the essential book about the financial crisis.

About the Author

Alan S. Blinder is the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs at Princeton University and the vice chairman of the Promontory Interfinancial Network, a financial services firm based in Arlington, Virginia. He served as the vice chairman of the Federal Reserve’s Board of Governors from 1994 to 1996 and was a member of President Clinton’s Council of Economic Advisers. He writes a regular monthly op-ed column for The Wall Street Journal and appears frequently on PBS, CNBC, CNN, Bloomberg TV, and elsewhere.

Product Details

ISBN:
9781594205309
Author:
Blinder, Alan S.
Publisher:
Penguin Press
Subject:
Economic History
Subject:
Business-History and Biography
Edition Description:
Paperback / softback
Publication Date:
20130131
Binding:
Paperback
Grade Level:
from 12
Language:
English
Illustrations:
b/w charts and graphs throughout
Pages:
528
Dimensions:
8.44 x 5.5 in 1 lb
Age Level:
from 18

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Related Subjects

Business » Accounting and Finance
Business » History and Biographies
History and Social Science » Economics » General
History and Social Science » Economics » US Economy

After the Music Stopped: the Financial Crisis, the Response, and the Work Ahead (13 Edition) Used Hardcover
0 stars - 0 reviews
$15.00 In Stock
Product details 528 pages Penguin Press - English 9781594205309 Reviews:
"Publishers Weekly Review" by , "As the U.S. economy desperately tries to crawl out of its gloomy cave, many still feel the impact of the 2007 financial crisis. Here, noted analyst Blinder (The Quiet Revolution) provides insights on why it happened, covering three critical questions: How did we get into this mess? What was done to correct problems? and have we learned anything? He opens by addressing the rise of unemployment rates and the housing market crash, with Blinder explaining what happened to big players like AIG, Merrill Lynch, and WaMu as they collapsed. He provides a clear critical analysis of the actions authorities proposed to prevent large corporations from crumbling, and offers his own opinion on how to fix the system. Later chapters explain the key weaknesses that predate the fateful summer of 2007, and what happened to the citizens, why the government took the actions it did, and why those policies were wise. As Blinder outlines the causes of the financial crisis, he acknowledges that questions still linger in the public mind: Has history taught us anything, or are we headed for a repeat of this kind of crisis? Agent: John Brockman, Brockman Inc. (Jan.)" Publishers Weekly Copyright PWxyz, LLC. All rights reserved.
"Synopsis" by ,
and#147;Blinder is a master storyteller . . . one of the best books yet about the financial crisis.and#8221; and#151;The Wall Street Journal

Alan S. Blinderand#151;esteemed Princeton professor, Wall Street Journal columnist, and former vice chairman of the Federal Reserve Board under Alan Greenspanand#151;is one of our wisest and most clear-eyed economic thinkers. In After the Music Stopped, he delivers a masterful narrative of how the worst economic crisis in postwar American history happened, what the government did to fight it, and what we must do to recover from it. With bracing clarity, Blinder chronicles the perfect storm of events beginning in 2007, from the bursting of the housing bubble to the implosion of the bond bubble, and how events in the U.S. spread throughout the interconnected global economy. Truly comprehensive and eminently readable, After the Music Stopped is the essential book about the financial crisis.

"Synopsis" by ,
Named one of the Ten Best Books of 2013 by Michiko Kakutani and the New York Times Book Review 

“Blinder is a master storyteller . . . one of the best books yet about the financial crisis.” —The Wall Street Journal

Alan S. Blinder—esteemed Princeton professor, Wall Street Journal columnist, and former vice chairman of the Federal Reserve Board under Alan Greenspan—is one of our wisest and most clear-eyed economic thinkers. In After the Music Stopped, he delivers a masterful narrative of how the worst economic crisis in postwar American history happened, what the government did to fight it, and what we must do to recover from it. With bracing clarity, Blinder chronicles the perfect storm of events beginning in 2007, from the bursting of the housing bubble to the implosion of the bond bubble, and how events in the U.S. spread throughout the interconnected global economy. Truly comprehensive and eminently readable, After the Music Stopped is the essential book about the financial crisis.

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