The Next Wall Street Collapse

FROM : BOSTON REVIEW
PHOTO : www.bostonreview.net

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Business As Usual The Next Wall Street Collapse

Simon Johnson and James Kwak, 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown. Vintage, $15.95 (paper).

Richard A. Posner, A Failure of Capitalism: The Crisis of ’08 and the Descent into Depression. Harvard University Press, $23.95 (cloth).

Nouriel Roubini and Stephen Mihm, Crisis Economics: A Crash Course in the Future of Finance. Penguin Press, $27.95 (cloth).

Joseph E. Stiglitz, Freefall: America, Free Markets, and the Sinking of the World Economy. W.W. Norton, $16.95 (paper).

The economy teetered on the brink but did not fall into the abyss. The bailouts, the stimulus, and adequate international political comity—each imperfect, even ugly—nevertheless prevented what was otherwise very likely: another Great Depression.

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