- helpful votes
- America, Free Markets, and the Sinking of the World Economy
- By: Joseph E. Stiglitz
- Narrated by: Dick Hill
- Length: 13 hrs and 22 mins
The current global financial crisis carries a "made in America" label. In this forthright and incisive book, Nobel Laureate Joseph E. Stiglitz explains how America exported bad economics, bad policies, and bad behavior to the rest of the world, only to cobble together a haphazard and ineffective response when the markets finally seized up.
Required Economic Reading
- By Bry on 02-16-10
Incoherent: Stiglitz would fail Econ 101
What was most disappointing about Joseph E. Stiglitz’s story?
Stiglitz clearly describes many problems and their causes, but he unfortunately glosses over far too many, giving a very slanted picture of the financial markets. In the process, he makes circular and contradictory arguments that devolve into incoherence.
I find it difficult to believe that Stiglitz is so misinformed on market behavior, regulation, and basic economic principles. The only other explanation is that he's guilty of the spreading the same self-serving propaganda that he pillories the bankers of doing.
Skip this one - there are far better books out there.
Would you be willing to try another one of Dick Hill’s performances?
The performance was also painful to listen to: Dick Hill's sneering voice drips with contempt and reduces the credibility of the book even further.
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