The Lexus and the Olive Tree: Understanding Globalization
by Thomas L. Friedman
Listed under Globalization
Origins
of the Crash: The Great Bubble and Its Undoing
by Roger Lowenstein
Book Description:
This inquiry into the rise and fall of the great Wall Street boom of
the 1990s, from bestselling author Roger Lowenstein, has all the hallmarks
of a financial classic.
Roger Lowenstein, recognized as one of the best financial reporters
of our time, turns his focus to the 1990s stock market and economic boom
and bust in Origins of the Crash. With his singular gift for turning complex
financial events into eminently readable stories, Lowenstein lays bare
the labyrinthine events of the manic 1990s-including the collapse of Enron,
the dot-com bubble, the accounting scandal at Andersen, and much more.
Drawing on his sense of history, Lowenstein inquires how a financial
system that arose out of the wreckage of the Depression and that was intended
to avert the miscues of that era could ultimately repeat the very same
scenario of massive speculation and corruption leading to collapse. He
discovers the roots of the recent crisis in the financial culture that
cropped up in the 1970s and 1980s as America encouraged companies to hand
out ever greater packages of stock options to their executives. In an enthralling
narrative, Lowenstein ties together all of the characters of the great
boom and bust: Alan Greenspan, Jack Grubman, Jack Welch, Abby Cohen, Henry
Blodget, and a host of dot-com pioneers. But it is the collective rendering
of such figures-the unique portrayal of the culture of the era-that truly
distinguishes Origins of the Crash as the book that will frame our appreciation
of the period.
Just as John Kenneth Galbraith's The Great Crash was the canonical text
of 1929, Lowenstein's Origins of the Crash is destined to become the definitive
account of the 1990s.
Hardcover from The Penguin Press
Book Published: 22 January, 2004 |
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The Communist Manifesto
by Karl Marx, Friedrich Engels, Martin Edward Malia
Listed under Karl Marx
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Economic Conditions
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