Crashed
by J. Adam Tooze · first published 2018
85% recommend15% neutral
Why HN recommends it
A global economic history of the 2008 financial crisis and its aftermath, covering broader trends and politics. It is semi-technical and detailed, and serves as a good starting point for general readers.
Summarised by Claude from recommending comments
Looks at the ways that current dramatic shifts in the domestic and global economy have their roots in the 2008 economic crisis and its aftermath, exploring novel themes in the way the crisis has played out for the past decade and will influence the future.
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Books I liked in 2018: Crashed by Adam Tooze ; history of the financial crisis, goes into more detail than most of the others The Future of Capitalism by Paul Collier; lots of ideas on how to improve our situation, most of them are…
on “Ask HN: Favorite nonfiction books of 2018?” ↗you are mostly right, there is a great book on this theme called "Crashed" "https://www.amazon.com/Crashed-Decade-Financial-Crises-Chang... i't was the same story in most of the east europe. west banks where overexposed in the east europe, they pumped the "rising" markets…
on “Greeks set to face fines if they don't spend 30% of their income electronically” ↗1. People’s QE (modern monetary policy, some great explain-to-me-like-I’m 5 sections) 2. Doing Capitalism by Bill Janeway (innovation economy) 3. Crashed by Adam Tooze (some financial history)
on “Ask HN: Book recommendations for understanding financial systems?” ↗Crashed by Adam Tooze is really good reading on this topic: https://adamtooze.com/crashed/ https://www.amazon.com/Crashed-Decade-Financial-Crises-Chang...
on “Banking-Crisis Interventions, 1257-2019 [pdf]” ↗…those articles are often long-form, and some are sourced with reporting from the books you mention. I've never read a book on either subject, but I maybe presumptuously think myself well-informed. ;) Crashed, by Adam Tooze was a very very good retelling of the GFC, and I did read all the newspapers at the time and still found lots of interesting stuff. More generally, I'd argue that modern historians probably…
on “AI Is Already Killing Books” ↗…https://www.thelocal.de/20110415/34419 * https://www.reuters.com/article/us-deutschebank-suit-idUSBRE... See also: * https://en.wikipedia.org/wiki/List_of_writedowns_due_to_subp... Good book on how things went down and my who is Crashed: * https://en.wikipedia.org/wiki/Adam_Tooze#Books
on “Yield Curves Invert in U.S., U.K” ↗This is a book review of Katharina Pistor's "The Code of Capital: How the Law Creates Wealth and Inequality". The review is written by Adam Tooze, himself the author of the excellent "Crashed: How a Decade of Financial Crises Changed the World" among others.
on “How ‘big law’ makes big money” ↗He's not just a blogger: https://en.wikipedia.org/wiki/Adam_Tooze His books (particularly Crashed) are also really, really good.
on “The anti-inflation pivot of 2022” ↗…it was a sequence of events which while individually would have made sense collectively lead to the current mess. To get a whirl wind tour and as a starting point I highly recommend Adam Tooze’s book “Crashed”. In it he chronicles the 2008 crisis beginning with Nixon’s abolishment of gold standard. The book is full of excellent references.
on “Are U.S companies legally obligated to maximize profits for shareholders? (2012)” ↗A few of my faves. Non-Fiction By Adam Tooze: Crashed, and Wages of Destruction. Both excellent economic histories, the former covering the recent financial crisis and its aftermath, the latter on the Nazi economy. Tooze does an excellent job coming up with…
on “Ask HN: Books you read in 2018?” ↗> Good book on how things went down and my who is Crashed: Incredible book. Tooze's interviews and lectures on the subject can only scratch the surface of what the book covers, but they are worth a listen too. I can recommend his appearance on the podcast Talking…
on “Yield Curves Invert in U.S., U.K” ↗>check out Adam Tooze I purchased his book, Crashed: How a Decade of Financial Crises Changed the World without really knowing much about it (or him) and found it to be a great, semi-technical story about the financial crisis (and its politics) from the…
on “Ask HN: Best Talks of 2019?” ↗…unemployment and poverty, but also because they were based on a completely unrealistic assessment of the country’s ability to pay back its debt. A good book on the topic (and much else) is Adam Tooze’s Crashed.
on “Editorial board of Index and more than 70 staff members resign” ↗im in the middle of the book Crashed, that pretty good explains exactly this in the events of 2008 crash https://www.amazon.com/Crashed-Decade-Financial-Crises-Chang...
on “Statement Regarding Repurchase Operations” ↗…complicated! I mean, part of his thesis is that the invasion of Iraq played an (eventual, partial) role in Putin humbling the oligarchs in 2009 and further cementing his power. The whole vibe I got from reading Crashed was that nothing was simple. It wasn't "subprime mortgages", it wasn't "bad bankers", for instance. Because those are simple answers, simple explanations. Tooze's main thesis is that the traditional,…
on “The Real Cost of the 2008 Financial Crisis” ↗