Lords of Finance torrent

Category: History
Language: EnglishKeywords: Bankers Finance Lords

The Bankers Who Broke the World

Almost all critics praised Lords of Finance for its command of economic history and engaging, lucid prose. Ahamed, noted the New York Times, illuminates wise parallels between the misplaced confidence that spawned the global depression in the 1930s and the illusory calculations of risk that led to the current financial crisis. His compelling biographies also personalize economic history. While critics disagreed about whether lay readers will, in a century’s time, care about Norman, Moreau, and Schact, the only negative words came from the Wall Street Journal, which criticized Lords of Finance for an imprecise understanding of the gold standard: “Harrumphing about the ‚Äògold standard,’ Mr. Ahamed reminds me of the fellow who condemned ‚Äòpainting’ because he had no use for Andy Warhol.”