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Slapped by the Invisible Hand is certainly groundbreaking , it is also technical...[If you] have longed to understand the difference between CDO and CDS, and MBS and SPV, then this could still be the book for you. * Victoria Bateman, Times Higher Education Supplement. * The definitive history of the 2007 meltdown. * The Electric Review * Scholars like Gorton do not get enough attention as we try to understand what caused the crisis and how to prevent a repeat he is one of the people that will play an important role in shaping reform. * TheStreet.com * Think about it. If porcine greed, by itself, is enough to crash the financial sector, why doesn't Wall Street crash every year? For that matter, why should the crash of the subprime market result in a recession so much worse than the one that followed, say, the dotcom bubble? To answer these questions, you should read [this] book. * National Post * Gary Gorton has written an important book, one that clearly identifies the issues surrounding the recent financial crisis and separates them from the ongoing macroeconomic policy turmoil...quite an accomplishment, given that many of us are still trying to figure out happened in earlier panics and crises... By narrowly focusing on the events and institutions of the Panic of 2007, how the economy got to where it is today becomes much clearer. * EH.net * It's must-reading for anyone who wants to understand the recent economic unpleasantness. * Matthew Yglesias, Think Progress * Gorton has produced the clearest account yet of what has happened...Slapped By the Invisible Hand is not a conventional retrospective. Instead it is a real-time chronicle of what the authorities were told at key points in the drama by a practitioner who was steeped in the history of banking as well...it is a major contribution. * David Warsh, Economic Principals * Slapped by the Invisible Hand is essential to understanding the deep weakness in the banking sector that led to the financial crisis. Like consumer banks before the Great Depression, the 'shadow banking market' is vulnerable to runs and panics and hysteria, and we are all, in turn, vulnerable to it. By looking beyond this financial crisis to the systemic flaws that make us vulnerable to all sorts of crises, Gary Gorton has created a necessary guidebook for what's happened, and what needs to be done. * Ezra Klein, Washington Post * Gorton's book contains extensive insights into the crisis, and anyone interested in undertanding what went wrong and why is recommended to read it. * Bill Allen, THE BUSINESS ECONOMIST, Vol 42, No 2 *

Gorton's book contains extensive insights into the crisis, and anyone interested in undertanding what went wrong and why is recommended to read it. Bill Allen, THE BUSINESS ECONOMIST, Vol 42, No 2 Slapped by the Invisible Hand is essential to understanding the deep weakness in the banking sector that led to the financial crisis. Like consumer banks before the Great Depression, the 'shadow banking market' is vulnerable to runs and panics and hysteria, and we are all, in turn, vulnerable to it. By looking beyond this financial crisis to the systemic flaws that make us vulnerable to all sorts of crises, Gary Gorton has created a necessary guidebook for what's happened, and what needs to be done. Ezra Klein, Washington Post Gorton has produced the clearest account yet of what has happened...Slapped By the Invisible Hand is not a conventional retrospective. Instead it is a real-time chronicle of what the authorities were told at key points in the drama by a practitioner who was steeped in the history of banking as well...it is a major contribution. David Warsh, Economic Principals It's must-reading for anyone who wants to understand the recent economic unpleasantness. Matthew Yglesias, Think Progress Gary Gorton has written an important book, one that clearly identifies the issues surrounding the recent financial crisis and separates them from the ongoing macroeconomic policy turmoil...quite an accomplishment, given that many of us are still trying to figure out happened in earlier panics and crises... By narrowly focusing on the events and institutions of the Panic of 2007, how the economy got to where it is today becomes much clearer. EH.net Think about it. If porcine greed, by itself, is enough to crash the financial sector, why doesn't Wall Street crash every year? For that matter, why should the crash of the subprime market result in a recession so much worse than the one that followed, say, the dotcom bubble? To answer these questions, you should read [this] book. National Post Scholars like Gorton do not get enough attention as we try to understand what caused the crisis and how to prevent a repeat he is one of the people that will play an important role in shaping reform. TheStreet.com The definitive history of the 2007 meltdown. The Electric Review Slapped by the Invisible Hand is certainly groundbreaking , it is also technical...[If you] have longed to understand the difference between CDO and CDS, and MBS and SPV, then this could still be the book for you. Victoria Bateman, Times Higher Education Supplement.

<br> Think you know what caused the collapse of Wall Street? Gary Gorton, the Sherlock Holmes of the financial crisis, has news for you. --Robert Hahn, Founder of the AEI Center for Regulatory and Market Studies<br> Slapped by the Invisible Hand is essential to understanding the deep weakness in the banking sector that led to the financial crisis. Like consumer banks before the Great Depression, the 'shadow banking market' is vulnerable to runs and panics and hysteria, and we are all, in turn, vulnerable to it. By looking beyond this financial crisis to the systemic flaws that make us vulnerable to all sorts of crises, Gary Gorton has created a necessary guidebook for what's happened, and what needs to be done. --Ezra Klein, Washington Post<br> Gorton has produced the clearest account yet of what has happened...Slapped By the Invisible Hand is not a conventional retrospective. Instead it is a real-time chronicle of what the authorities were told at key points in the drama by a practiti

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Gary B. Gorton is the Frederick Frank Class of 1954 Professor of Management and Finance at the Yale School of Management, and Research Associate at the National Bureau of Economic Research. He formerly taught at the Wharton School for twenty-four years and worked in the Federal Reserve System. He is also a former consultant to AIG Financial Products, where he worked on credit derivatives and commodity futures for over ten years.

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