Overview

In the aftermath of the financial crisis, many commonly held beliefs have emerged to explain its cause. Conventional wisdom blames Wall Street and the mortgage industry for using low down payments, teaser rates, and other predatory tactics to seduce unsuspecting home owners into assuming mortgages they couldn't afford. It blames average Americans for borrowing recklessly and spending too much. And it blames the tax policies and deregulatory environment of the Reagan and Bush administrations for encouraging reckless risk taking by wealthy individuals and financial institutions. But according to Unintended Consequences, the conventional wisdom masks the real causes of our economic disruption and puts us at risk of a slew of unintended--and potentially dangerous--consequences. Unintended Consequences is not a book that takes a couple of insights and expands them into three hundred pages; rather, it covers the entire scope of the economy. It's a fascinating and contrarian case for how the economy really works, what went wrong over the past decade, and what steps we can take to start growing again. Whether you agree with the book's provocative and counterintuitive conclusions or not, Unintended Consequences will reward you with a sophisticated understanding of the contemporary economy--one no other book has yet provided.

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9781470823573

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Reviews

There are an amazing number of good ideas and interesting points made in this book. -- Steven Levitt, coauthor of the New York Times bestseller Freakonomics Unintended Consequences will be the most talked-about economics book in 2012. -- Kevin Hassett, senior fellow and director of economic policy, American Enterprise Institute Ed Conard's book presents the most cogent and persuasive analysis of the financial crisis to date. -- Andrei Shleifer, Bates Clark Medal winner, Harvard University Ed Conard provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading. -- Nouriel Roubini, chairman of Roubini Global Economics Ed Conard has written a provocative and important book about the economy that challenges conventional wisdom about the financial crisis, the trade deficit, government policy, and the path to prosperity. -- William A. Sahlman, senior associate dean, Harvard Business School

Ed Conard has written a provocative and important book about the economy that challenges conventional wisdom about the financial crisis, the trade deficit, government policy, and the path to prosperity. -- William A. Sahlman, senior associate dean, Harvard Business School Ed Conard provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading. -- Nouriel Roubini, chairman of Roubini Global Economics Ed Conard's book presents the most cogent and persuasive analysis of the financial crisis to date. -- Andrei Shleifer, Bates Clark Medal winner, Harvard University Unintended Consequences will be the most talked-about economics book in 2012. -- Kevin Hassett, senior fellow and director of economic policy, American Enterprise Institute There are an amazing number of good ideas and interesting points made in this book. -- Steven Levitt, coauthor of the New York Times bestseller Freakonomics

Author Information

Edward Conard was a partner at Bain Capital from 1993 to 2007. He served as the head of Bain's New York office and led the firm's acquisitions of large industrial companies. He sits on several boards of directors, including the boards of Waters Corporation and Sensata Technologies. Prior to Bain, Conard worked for Wasserstein Perella, an investment bank, and Bain & Company, a management consulting firm, where he headed its industrial practice. He is a graduate of Harvard Business School and the University of Michigan. Malcolm Hillgartner is an accomplished actor, writer, and musician. Named an AudioFile Best Voice of 2013 and the recipient of several Earphones Awards, he has narrated over 250 audiobooks.

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