Lords of Finance: The Bankers Who Broke the World

Liaquat Ahamed

As another financial crisis makes headlines today, the year 1929 remains the benchmark for true economic mayhem. Ahamed lays the blame for the 1929 meltdown on a small number of central bankers--men as prominent in their time as Alan Greenspan is today.

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Book Information

Publisher: Penguin Books
Publish Date: 12/29/2009
Pages: 576
ISBN-13: 9780143116806
ISBN-10: 0143116800
Language: English

Full Description

Winner of the Pulitzer Prize "Erudite, entertaining macroeconomic history of the lead-up to the Great Depression as seen through the careers of the West's principal bankers . . . Spellbinding, insightful and, perhaps most important, timely." --Kirkus Reviews (starred) "There is terrific prescience to be found in [Lords of Finance's] portrait of times past . . . [A] writer of great verve and erudition, [Ahamed] easily connects the dots between the economic crises that rocked the world during the years his book covers and the fiscal emergencies that beset us today. --The New York Times 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 we continue to grapple with economic turmoil, 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.

About Liaquat Ahamed

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

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