Overview

The current global financial crisis carries a made in America label. In this forthright and incisive book, Nobel Laureate Joseph E. Stiglitz explains how America exported bad economics, bad policies, and bad behavior to the rest of the world, only to cobble together a haphazard and ineffective response when the markets finally seized up. Drawing on his academic expertise, his years spent shaping policy in the Clinton administration and at the World Bank, and his more recent role as head of a UN commission charged with reforming the global financial system, Stiglitz outlines a way forward, building on ideas that he has championed his entire career: restoring the balance between markets and government, addressing the inequalities of the global financial system, and demanding more good ideas (and less ideology) from economists. Freefall is an instant classic, combining an enthralling whodunit account of the current crisis with a bracing discussion of the broader economic issues at stake.

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Reviews

"A useful and timely book.... It is a powerful indictment of Wall Street, the United States financial sector and the Federal Reserve Board.-- ""The New York Times"" ""Dick Hill gives just the everyman kind of reading to make...Stiglitz's analysis of financial collapse plainly comprehensible and a ripping good--if enraging--yarn."" -- ""Publishers Weekly (starred audio review)"""

Author Information

Joseph E. Stiglitz, winner of the 2001 Nobel Memorial Prize for Economics, is the author of Making Globalization Work; Globalization and Its Discontents; and, with Linda Bilmes, The Three Trillion Dollar War. He was chairman of President Clinton's Council of Economic Advisers and served as senior vice president and chief economist at the World Bank. He teaches at Columbia University. Dick Hill has been named both a Golden Voice and a Voice of the Century by AudioFile magazine and has earned numerous Earphones Awards for his work. He is also a three-time winner of the Audie Award, the narrator's most coveted honor. To learn more about Dick, visit www.dickhill.com.

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