We are currently making improvements to the Audible site. In an effort to enhance the accessibility experience for our customers, we have created a page to more easily navigate the new experience, available at the web address www.audible.com/access.
 >   > 
The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do about It | [Robert J. Shiller]

The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do about It

The subprime mortgage crisis has already wreaked havoc on the lives of millions of people, and now it threatens to derail the U.S. economy and economies around the world. In this trenchant book, best-selling economist Robert Shiller reveals the origins of this crisis and puts forward bold measures to solve it.
Regular Price:$12.57
  • Membership Details:
    • First book free with 30-day trial
    • $14.95/month thereafter for your choice of 1 new book each month
    • Cancel easily anytime
    • Exchange books you don't like
    • All selected books are yours to keep, even if you cancel
  • - or -

Your Likes make Audible better!

'Likes' are shared on Facebook and Audible.com. We use your 'likes' to improve Audible.com for all our listeners.

You can turn off Audible.com sharing from your Account Details page.

OK

Publisher's Summary

The subprime mortgage crisis has already wreaked havoc on the lives of millions of people, and now it threatens to derail the U.S. economy and economies around the world. In this trenchant book, best-selling economist Robert Shiller reveals the origins of this crisis and puts forward bold measures to solve it.

He calls for an aggressive response - a restructuring of the institutional foundations of the financial system that will not only allow people once again to buy and sell homes with confidence, but will create the conditions for greater prosperity in America and throughout the deeply interconnected world economy.

Shiller blames the subprime crisis on the irrational exuberance that drove the economy's two most recent bubbles - in stocks in the 1990s and in housing between 2000 and 2007. He shows how these bubbles led to the dangerous overextension of credit now resulting in foreclosures, bankruptcies, and write-offs, as well as a global credit crunch.

To restore confidence in the markets, Shiller argues, bailouts are needed in the short run. But he insists that these bailouts must be targeted at low-income victims of subprime deals. In the longer term, the subprime solution will require leaders to revamp the financial framework by deploying an ambitious package of initiatives to inhibit the formation of bubbles and limit risks, including better financial information; simplified legal contracts and regulations; expanded markets for managing risks; home equity insurance policies; income-linked home loans; and new measures to protect consumers against hidden inflationary effects.

This powerful book is essential for anyone who wants to understand how we got into the subprime mess - and how we can get out.

Download the accompanying reference guide.

©2008 Robert J. Shiller; (P)2008 Audible, Inc.

What the Critics Say

"Robert Shiller is a visionary." (Nassim Nicholas Taleb, author of The Black Swan: The Impact of the Highly Improbable)
"Robert Shiller is two for two in predicting and identifying bubbles that will burst. This book is a must read for anyone predicting future bubbles or charting the course of recovery from our current difficulties." (Lawrence H. Summers, University Professor, Harvard University)

What Members Say

Average Customer Rating

3.6 (79 )
5 star
 (17)
4 star
 (30)
3 star
 (21)
2 star
 (6)
1 star
 (5)
Overall
3.9 (14 )
5 star
 (3)
4 star
 (8)
3 star
 (2)
2 star
 (1)
1 star
 (0)
Story
3.9 (13 )
5 star
 (3)
4 star
 (6)
3 star
 (4)
2 star
 (0)
1 star
 (0)
Performance
Sort by:
  •  
    Faisal Mohammad Abdullah Ahmad Karkari Kuwait, Kuwait Kuwait 10-06-08
    Faisal Mohammad Abdullah Ahmad Karkari Kuwait, Kuwait Kuwait 10-06-08 Member Since 2008
    HELPFUL VOTES
    44
    ratings
    REVIEWS
    116
    15
    FOLLOWERS
    FOLLOWING
    2
    0
    Overall
    "Very insightful"

    To those who want to know the real reason behind the crisis. Good analysis with facts. Worth time and money.

    4 of 5 people found this review helpful
  •  
    Jason Dyer, IN, USA 10-03-08
    Jason Dyer, IN, USA 10-03-08
    HELPFUL VOTES
    21
    ratings
    REVIEWS
    18
    7
    FOLLOWERS
    FOLLOWING
    0
    0
    Overall
    "Drop the Footnote URLs in the Future"

    The constant interruptions by the author to verbally state a URL, as part of a footnote within the text, make it nearly impossible to keep your mind engaged in the book. Not to mention the footnotes are apparently incomplete, as every so often the URL he says out loud is actually "http://www.yournamehere.com." It's insane to have done such a thing; and insanely distracting.

    6 of 9 people found this review helpful
  • Showing: 1-2 of 2 results

    There are no listener reviews for this title yet.

Report Inappropriate Content

If you find this review inappropriate and think it should be removed from our site, let us know. This report will be reviewed by Audible and we will take appropriate action.

Cancel

Thank You

Your report has been received. It will be reviewed by Audible and we will take appropriate action.