The Economist This is narrative history at its most vivid, an epic portrait of how the predecessors of Ben Bernanke, Jean-Claude Trichet and Mervyn King helped shove economies into the abyss in 1929. Janet Maslin, The New York Times This absorbing study of the first collective of central bankers is provocative, not least because it is still relevant. Ahamed does a superlative job of explaining the ever-germane way the problems of one shyster, one bank, one treasury or one economy can set off repercussions all around the globe. He does this winningly enough to make his book about an international monetary horror story seem like a labor of love. writer of great verve and erudition, easily connects the dots between the economic crises that rocked the world during the years his book covers and the fiscal emergencies that beset us today. Niall Ferguson, Financial Times There is terrific prescience to be found in portrait of times past. That it should appear now, as history threatens to repeat itself, compounds its appeal. Time Lords of Finance is highly readable. The New York Times Book Review The rich and charming story of the end of the world. you cant help thinking about the economic crisis were living through now. As you learn how the world spiraled into depression. As we continue to grapple with economic turmoil, Lords of Finance is a potent reminder of the enormous impact that the decisions of central bankers can have, their fallibility, and the terrible human consequences that can result when they are wrong.
In fact, as Liaquat Ahamed reveals, it was the decisions made by a small number of central bankers that were the primary cause of that economic meltdown, the effects of which set the stage for World War II and reverberated for decades. The New York Times It is commonly believed that the Great Depression that began in 1929 resulted from a confluence of events beyond any one persons or governments control. Kirkus Reviews (starred) There is terrific prescience to be found in portrait of times past. Spellbinding, insightful and, perhaps most important, timely.
Book Synopsis Winner of the Pulitzer Prize Erudite, entertaining macroeconomic history of the lead-up to the Great Depression as seen through the careers of the Wests principal bankers. Ahamed lays the blame for the 1929 meltdown on a small number of central bankers-men as prominent in their time as Alan Greenspan is today. About the Book As another financial crisis makes headlines today, the year 1929 remains the benchmark for true economic mayhem.
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