Description: A "New York Times" bestseller, "Freefall" recounts the recent financial crisis and the way forward by a Nobel Prize-winning economist. This edition includes a new Afterword.
Brief description: Joseph E. Stiglitz is a Nobel Prize-winning economist and the best-selling author of People, Power, and Profits; Globalization and Its Discontents Revisited; The Price of Inequality; and Freefall. He was chairman of the Council of Economic Advisers under President Clinton, chief economist of the World Bank, and now teaches at Columbia University and is chief economist of the Roosevelt Institute.
Review Quotes: Mr. Stiglitz uses his experience teaching to give the lay reader a lucid account of how overleveraged banks, a shoddy mortgage industry, predatory lending and unregulated trading contributed to the meltdown, and how, in his opinion, ill-conceived rescue efforts may have halted the freefall but have failed to grapple with more fundamental problems.... His prescience lends credibility to his trenchant analysis of the causes of the fiscal meltdown.--Michiko Kakutani "The New York Times"