Tag Archives: economics

“Debt: The First 5,000 Years” by David Graeber

I really, really enjoyed this book. This is not a manifesto. It’s an honest-to-goodness anthropological history of money, debt, and everything that goes with it. What I love about the book is how it builds. After going through all the history, when he finally gets to modern times, everything makes sense, without him having to […]

Share
Read more

“Infectious Greed” by Frank Partnoy

This book is a financial history. Partnoy’s point is that the financial meltdown of 2008 did not come out of nowhere. It was downright predictable. His goal is to outline the inception, incubation, and full-blown infection that began in the 1980s that led inevitably to the sub-prime mortgage catastrophe. He not only does an excellent job of explaining in layman’s terms what things like derivatives and collateralized mortgage obligations actually are, he goes into minute detail as he describes the people and organizations involved.

Share
Read more