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The Storm: The World Economic Crisis and What it Means (2009)

af Vince Cable

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891301,432 (3.07)3
An indispensable and absolutely accessible explanation of the causes of the world economic crisis and how we should respond to it   In this urgent and timely book, the man the Daily Telegraph calls "the sage of the credit crunch" shows that although the downturn is global, the complacency of the British government towards the huge "bubble" in property prices and high levels of personal debt, combined with increasingly exotic trading within the financial markets, has left Britain badly exposed. This paperback edition has been fully revised and updated to include Vince Cable's latest assessment of the recession.… (mere)
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So full of rubbish its hard to believe this was written by trained economist, formerly the chief economist of Shell. As we come into the general election of 2010 its frightening to think that this mean could up with significant influence on the shaping of British economic policy. Here's a quote taken from one of the last chapters: 'Instead of meddling, centralized intervention in every aspect of national life, the government has to focus on its core functions such as education and research.' I agree about the centralized meddling, but how does it follow that a core function of government should be to conduct education and research? Its bad enough government monopolizing education, but to monopolize research too would be a disaster. ( )
  jvgravy | Apr 27, 2010 |
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An indispensable and absolutely accessible explanation of the causes of the world economic crisis and how we should respond to it   In this urgent and timely book, the man the Daily Telegraph calls "the sage of the credit crunch" shows that although the downturn is global, the complacency of the British government towards the huge "bubble" in property prices and high levels of personal debt, combined with increasingly exotic trading within the financial markets, has left Britain badly exposed. This paperback edition has been fully revised and updated to include Vince Cable's latest assessment of the recession.

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