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A review by tbr_the_unconquered
The Alchemists: Three Central Bankers and a World on Fire by Neil Irwin
3.0
The subject of economics is one which I have steered clear from in my readings. The reason behind this was that I could not find it to be one that called out to my curiosity . Reflecting on it slightly more made me understand that this could be an aftermath of my education too wherein unless you have a passion for them subjects like mathematics, economics and physics can become rather dry and soporific. Picking up this book was a conscious decision whereby I wanted to shed some of these notions and get to know the real world import of economics. The attempt was met with moderate success and my understanding of some aspects of global finance have increased but then not so much. The book is a good primer and written mostly in layman's language.
The premise of the book is the factors and circumstances that led up to the global financial recession of 2007-08, it's impact, crisis handling, aftermath and continuing echoes. Three men - Mervyn King, Ben Bernanke and Jean-Claude Trichet navigate the western financial markets through these throes by a method of trial and error and thereby mold history in the process. The first two parts of the book are about some of the factors of global import -creation of the Euro, Greece going bankrupt, the bursting of the mortgage bubble in the US , bankruptcy of the Lehman Brothers, etc and the later chapters are a series of decisions which changed the way how the global economy functions. As I mentioned at the onset, I did not understand all of the goings on here but then a 75% grasp of them was good enough for a novice like me.
Recommended !
The premise of the book is the factors and circumstances that led up to the global financial recession of 2007-08, it's impact, crisis handling, aftermath and continuing echoes. Three men - Mervyn King, Ben Bernanke and Jean-Claude Trichet navigate the western financial markets through these throes by a method of trial and error and thereby mold history in the process. The first two parts of the book are about some of the factors of global import -creation of the Euro, Greece going bankrupt, the bursting of the mortgage bubble in the US , bankruptcy of the Lehman Brothers, etc and the later chapters are a series of decisions which changed the way how the global economy functions. As I mentioned at the onset, I did not understand all of the goings on here but then a 75% grasp of them was good enough for a novice like me.
Recommended !