Business, Economics, and Accounting

Many fine books on the financial crisis were first drafts of history--books written quickly to fill the need for immediate understanding. Alan S. Blinder, former vice chairman of the Federal Reserve Board, held off, taking the time to understand the crisis and create a truly comprehensive and coherent narrative of how the worst economic crisis in postwar American history happened, what the government did to fight it, and what we must do from here--mired as we still are in its wreckage.

Grasp the history, principles, theories, and terminology of economics. This updated guide gives you a straightforward, easy-to-grasp understanding of how the economy functions-- and how it influences personal finances.

Presents a counterintuitive assessment of the financial crisis to identify what the author believes were its actual causes, outlining recommended changes for strengthening the nation's economy.