Lords of Finance

By Liaquat Ahamed,

Book cover of Lords of Finance: The Bankers Who Broke the World

Book description

Winner of the Pulitzer Prize

"Erudite, entertaining macroeconomic history of the lead-up to the Great Depression as seen through the careers of the West's principal bankers . . . Spellbinding, insightful and, perhaps most important, timely." -Kirkus Reviews (starred)

"There is terrific prescience to be found in [Lords of Finance's]…

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Why read it?

3 authors picked Lords of Finance as one of their favorite books. Why do they recommend it?

This is the story of four (European and American) central bankers fighting the dramas and crises during the lead-up to the Great Depression. When crisis looms, Bank of England Governor Montagu Norman puts on a disguise and boards a cruise ship to consult with his friend Benjamin Strong in New York. If only financial crises could still be fought that way today! I liked it because I used to be a central bank governor myself!

I have always been fascinated by World War I history. But as a financial historian, I was especially enthralled by this dramatic story of the four central bankers who ruled that era. With great insight and humanity, Ahamed shows how the bankers’ well-intended struggle to restore the world to “how it was before the war” tragically doomed the world to another war – and taught a generation of future leaders to make smarter decisions after World War II. An essential prelude to the Roaring Twenties! 

There is no better way to get a sense of what went wrong in the 1930s than to read the bestselling and award-winning book of Liaquat Ahamet. Like no other Ahamet manages to combine economic explanations with personal portraits and a series of anecdotes which make you sometimes laugh and sometimes shake your head in disbelief.

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