To look back at the books produced in the beginning of 2008 is to glimpse a more innocent world, an Eden seemingly free of financial crisis and the impending gloom of 2009. But by spring the first of the bad news reads had appeared. Regardless of the season, numerous valuable works were published in 2008, including a few that understood the sad shape of things to come.
One of the best is former banker Charles R. Morris’ The Trillion Dollar Meltdown (PublicAffairs), which explains what happened and why in under 200 pages. Morris traces the U.S. credit madness to the rise of the Chicago School’s free-market capitalism and he identifies resulting trends that created the bubble, including the illusion in the minds of portfolio managers that risk can be evaded. He fears the U.S. economy is in decline but says things could improve with proper leadership.
Note: The book mentioned above “The Trillion Dollar Meltdown” is coming out in paperback in February. It has been re-titled: The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
To look back at the books produced in the beginning of 2008 is to glimpse a more innocent world, an Eden seemingly free of financial crisis and the impending gloom of 2009. But by spring the first of the bad news reads had appeared. Regardless of the season, numerous valuable works were published in 2008, including a few that understood the sad shape of things to come.
One of the best is former banker Charles R. Morris’ The Trillion Dollar Meltdown (PublicAffairs), which explains what happened and why in under 200 pages. Morris traces the U.S. credit madness to the rise of the Chicago School’s free-market capitalism and he identifies resulting trends that created the bubble, including the illusion in the minds of portfolio managers that risk can be evaded. He fears the U.S. economy is in decline but says things could improve with proper leadership.
Note: The book mentioned above “The Trillion Dollar Meltdown” is coming out in paperback in February. It has been re-titled: The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
Thanks to EarlyWord for noticing the title change.
Best FREE Books of 2008
Here are two more Books to add to the list. Both are free. Both can transform any business.
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The first is the “Criteria for Performance Excellence.” Its the book from the Malcolm Baldrige Award. Available for free PDF download at: http://www.baldrige.gov
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The second is “On The System: The End of the Disorganized-Organization.” Available for free PDF download at: http://www.onthesystem.com/Handbook.
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If you are a leader of manager who is serious about learning how to transform your disorganized-organization into a finely tuned machine, then these are the books for you.