Alan S. Blinder - esteemed Princeton professor, Wall Street Journal columnist, and former vice chairman of the Federal Reserve Board under Alan Greenspan - is one of our wisest and most clear-eyed economic thinkers. In After the Music Stopped, he delivers a masterful narrative of how the worst economic crisis in postwar American history happened, what the government did to fight it, and what we must do to recover from it.
"One of the best books on the Financial Crisis"
Is it acceptable for a reviewer to complain about a book’s title? I hope so, because this one is pretty misleading. A number of valuable lessons can indeed be gleaned from the two and a half dozen essays that compose this quite interesting volume, but the book’s subject is described far more accurately by the title of the April 2013 International Monetary Fund conference that spawned it: “Rethinking Macro Policy II: First Steps and Early Lessons.” (Yes, there was a “Rethinking Macro Policy I,” which resulted in an earlier mit Press volume.)