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A Rabble of Dead Money: The Great Crash and the Global Depression: 1929 - 1939 Audiobook
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There is no single theory of what caused the Great Depression, and never will be, Morris argues. Macreconomics is a social science, and such a massive event always takes its shape from a terrible confluence of factors. The mismanagement of the gold standard, the growth in consumer credit, the insistence on deflation by some of the best minds in finance, the spread of "Fordism" through the manufacturing sector, the global agricultural catastrophe, and the inability of the major European belligerents of World War I to agree on a reconstruction agenda, are just a few of the shocks that in aggregate pushed the world into an economic Armageddon.
Morris does not fail to provide lessons that modern readers can learn from the Great Crash. It's tempting to pontificate about events of eighty years ago, but as Morris reminds us, our modern macroeconomics is still coming to terms with its failure to forecast how directly the much-trumpeted Great Moderation would lead to the Great Financial Crash of 2008.
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About Charles R. Morris
Charles R. Morris has written a dozen books, including The Coming Global Boom, a New York Times Notable Book of 1990; The Tycoons, a Barron’s Best Book of 2005; and The Trillion Dollar Meltdown, a New York Times bestseller. He is a lawyer and former investment banker, and his articles and reviews have appeared in many publications, including the Atlantic, New York Times, and Wall Street Journal.
About Tom Perkins
Tom Perkins, an award-winning audio engineer for over forty years, has expanded his skills to narrating and has earned an AudioFile Earphones Award. He learned by working with the world’s best voice talent during his career, and he continues to engineer a variety of projects.