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Publisher's Summary

The current global financial crisis carries a "made in America" label. In this forthright and incisive book, Nobel Laureate Joseph E. Stiglitz explains how America exported bad economics, bad policies, and bad behavior to the rest of the world, only to cobble together a haphazard and ineffective response when the markets finally seized up.
Drawing on his academic expertise, his years spent shaping policy in the Clinton administration and at the World Bank, and his more recent role as head of a UN commission charged with reforming the global financial system, Stiglitz outlines a way forward, building on ideas that he has championed his entire career: restoring the balance between markets and government, addressing the inequalities of the global financial system, and demanding more good ideas (and less ideology) from economists.
Freefall is an instant classic, combining an enthralling whodunit account of the current crisis with a bracing discussion of the broader economic issues at stake.
©2010 Joseph E. Stiglitz (P)2010 Tantor
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Critic Reviews

"What makes Stiglitz special is that, along with Paul Krugman, he is the rare progressive in a profession whose norms resist tampering with the verdicts of markets or the power of private capital and also one of the few world-class technical economists who can write lucidly for a lay audience. The tone of this book is good-humored and public-minded." (The American Prospect)
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Customer Reviews

Most Helpful
5 out of 5 stars
By Bry on 02-16-10

Required Economic Reading

Narrator Dick Hill emotes Stiglitz' material perfectly. Stiglitz outlines the path the past three decades have led to this inevitable Great Recession commenced in 2008, pointing fingers at the culpable parties in both political parties. He also explains how to prevent it going forward by aligning business goals with social goals.

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6 of 6 people found this review helpful

5 out of 5 stars
By Dan on 03-03-10

Terrific Book

Of the dozen are so books written about our current financial crisis, this is one of the best. The author's objective analysis sets this publication apart from the crowd. Unlike competing volumes, this book actually provides realistic solutions to our problems. If knowing more about this subject is important to you, this offering will not disappoint.

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5 of 5 people found this review helpful

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