"Freefall: America, Free Markets, and the Sinking of the World Economy"

http://www.buzzflash.com/store/reviews/2102

Noble Prize Winner Joseph Stiglitz's New "Freefall: America, Free Markets, and the Sinking of the World Economy" (Hardcover)
By Joseph Stiglitz
BUZZFLASH REVIEWS

After you read this book, you'll know what a mistake it was not to appoint Stiglitz (or Krugman for that matter -- both Nobel Laureates in economics) to high White House positions, instead of Wall Street Geithner and the gang.

If you want to know what our financial crisis is really about in accessible terms, this is the book for you. Stiglitz and Krugman are the people BuzzFlash would have hoped would have been steering America's economic strategy.

Freefall is a must-read for anyone seeking to understand the roots of the financial crisis. Stiglitz brilliantly analyzes the economic reasons behind the banking collapse, but he goes much further, digging down to the wrongheaded national faith in the power of free markets to regulate themselves and provide wealth for all. (Chuck Leddy - Boston Globe )

Mr. Stiglitz uses his experience teaching to give the lay reader a lucid account of how overleveraged banks, a shoddy mortgage industry, predatory lending and unregulated trading contributed to the meltdown, and how, in his opinion, ill-conceived rescue efforts may have halted the freefall but have failed to grapple with more fundamental problems…. His prescience lends credibility to his trenchant analysis of the causes of the fiscal meltdown. (Michiko Kakutani - The New York Times )

Stiglitz is the world's leading scholarly expert on market failure, and this crisis vindicates his life's work. There have been other broad-spectrum books on the genesis and dynamics of the collapse, but Freefall is the most comprehensive to date, grounded in both theory and factual detail…. the definitive critique to date of how the Summers-Geithner strategy fails, both as economics and as politics…. The tone of this book is good-humored and public-minded. (Robert Kuttner - The American Prospect )

Buy more progressive premiums to support BuzzFlash progressive news and commentary (we accept no advertising, corporate or otherwise to maintain our complete independence) by going to The BuzzFlash Progressive Marketplace.