Lords of Finance: The Bankers Who Broke the World

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Penguin, Jan 22, 2009 - Business & Economics - 576 pages
3 Reviews
Winner of the 2010 Pulitzer Prize

"A magisterial work...You can't help thinking about the economic crisis we're living through now." --The New York Times Book Review


It is commonly believed that the Great Depression that began in 1929 resulted from a confluence of events beyond any one person's or government's control. 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. As yet another period of economic turmoil makes headlines today, 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.


From the Trade Paperback edition.

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Lords of Finance: The Bankers Who Broke the World

User Review  - Not Available - Book Verdict

In this historical study, Ahamed, a professional money manager, sums up the causes of the Great Depression as a series of economic policy blunders that could have been avoided. He cites as causal ... Read full review

Gift for Husband

User Review  - britby - Overstock.com

I purchased this book as a present for my banker husband after reading a wonderful review of it in the International Herald Tribune. He is about halfway through the book and is enjoying it immensely so much so that I may read it next and we normally dont read the same books!. Read full review

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About the author (2009)

Liaquat Ahamed has been a professional investment manager for 25 years. He has worked at the World Bank in Washington D.C. and the New York based partnership of Fischer Francis Trees and Watts, where he served as Chief Executive. He is currently an adviser to several hedge fund groups, including the Rock Creek Group and the Rohatyn Group, is a director of Aspen Insurance Co. and is on the board of Trustees of the Brookings Institution. He has degrees in economics from Harvard and Cambridge Universities.


From the Trade Paperback edition.

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