Lords of Finance: The Bankers Who Broke the World — Business Books in Bulk - 800-CEO-READ

Lords of Finance: The Bankers Who Broke the World

    By Liaquat Ahamed
Winner of the 2010 Pulitzer Prize
With penetrating insights for today, this vital history of the world economic collapse of the late 1920s offers unforgettable portraits of the four men whose personal and professional actions as heads of their respective central banks changed the course of the twentieth century
It is commonly believed that the Great Depression that began in 1929 resulted from a confluence of events beyond any one person's or government's control. In fact, as Liaquat Ahamed reveals, it was the decisions taken by a small number of central bankers that were the primary cause of the economic meltdown, the effects of which set the stage for World War II and reverberated for decades.
In "Lords of Finance," we meet the neurotic and enigmatic Montagu Norman of the Bank of England, the xenophobic and suspicious Emile Moreau of the Banque de France, the arrogant yet brilliant Hjalmar Schacht of the Reichsbank, and Benjamin Strong of the Federal Reserve Bank of New York, whose facade of energy and drive masked a deeply wounded and overburdened man. After the First World War, these central bankers attempted to reconstruct the world of international finance. Despite their differences, they were united by a common fear?that the greatest threat to capitalism was inflation? and by a common vision that the solution was to turn back the clock and return the world to the gold standard.
For a brief period in the mid-1920s they appeared to have succeeded. The world's currencies were stabilized and capital began flowing freely across the globe. But beneath the veneer of boom-town prosperity, cracks started to appear in the financial system. The gold standard that all had believed would provide an umbrella of stability proved to be a straitjacket, and the world economy began that terrible downward spiral known as the Great Depression.
As yet another period of economic turmoil makes headlines today, the Great Depression and the year 1929 remain the benchmark for true financial mayhem. Offering a new understanding of the global nature of financial crises, "Lords of Finance" is a potent reminder of the enormous impact that the decisions of central bankers can have, of their fallibility, and of the terrible human consequences that can result when they are wrong."
Sebastian Edwards is associate professor of economics at the University of California, Los Angeles. Liaquat Ahamed is senior investment officer at the World Bank.


NEWS: The Financial Times and McKinsey & Company 2014 Business Book of the Year Award

Posted May 21, 2014, 7:46 PM with category of General Business
There has been a shake up around one of the major business book awards given every year, with McKinsey & Company taking the place of Goldman Sachs as the partner of the Financial Times for the tenth year of their prestigious award. Submissions have been open since last month, and they officially announced the launch of the 2014 Business Book of the Year Award yesterday. Also a first this year, they have announced an additional award—the Bracken Bower Prize—which "will be given to a promising young writer with the best proposal for a book about an emerging business theme. Read more

NEWS: The FT/Goldman Sachs Book Award, Now Accepting Submissions

Posted May 29, 2012, 2:39 PM with category of Publishing Industry
The search is now on for the 2012 Financial Times and Goldman Sachs Business Book of the Year. From the official announcement: This annual Award, promoted by the Financial Times Limited and the Goldman Sachs Group, Inc. aims to identify the book that provides the most compelling and enjoyable insight into modern business issues, including management, finance and economics. Read more

NEWS: The FT/Goldman Sachs Book Award Longlist

Posted August 19, 2011, 3:35 PM with category of Publishing Industry
Understandably (looking at the award sponsors), the FT/Goldman Sachs Book Award always tends more toward macroeconomics, high finance and big business. But they always seem to pick well, and I always find books I feel the need to revisit when they announce their list. Just in case you missed the announcement of the the award's longlist as I did, it is: Grand Pursuit: The Story of Economic Genius by Sylvia Nasar, Simon & Schuster No Angel: The Secret Life of Bernie Ecclestone by Tom Bower, Faber & Faber Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty by Abhijit V. Read more

NEWS: A Call For Submissions to the The FT/Goldman Sachs Book Awards

Posted May 10, 2011, 4:52 PM with category of Publishing Industry
The call is on for submissions to the 2011 Financial Times and Goldman Sachs Business Book of the Year Award. From the press release: Now in its seventh year, the award is firmly established as a feature of the business and publishing calendars. [. Read more

NEWS: Business Narratives Take Home Two Pultizer Prizes

Posted April 13, 2010, 1:54 PM with category of General Business
Business narratives took home the Pulitzer Prize in two separate categories this year—Biograghy and History. Liaquat Ahamed's Lords of Finance: The Bankers Who Broke the World won top honors in History, and has been widely praised elsewhere, including winning the Financial Times and Goldman Sachs Business Book of the Year Award and being the sole book in the business category to have been chosen in The New York Times Book Review 10 Best Nonfiction Books of 2009. (Fordlandia: The Rise and Fall of Henry Ford’s Forgotten Jungle City by Greg Grandin was a runner-up in the category. Read more


  Choose a format
  •   For use in United States   United-states-16

Price: $16.00/ea
LIST PRICE: $20.00

Paperback Non-returnable Discounts
Quantity Price Discount
1 - 24 $16.00 20%
25 - 99 $12.40 38%
100 - 249 $12.00 40%
250 - 499 $11.60 42%
500 - 999 $11.40 43%
ISBN: 9780143116806

Need 1000 or more?

Additional discounts may be available. Please call 1-800-236-7323 for more information.

You may also place an order online at the highlighted discount for any quantity over 500.
ISBN 9780143116806
Language English
Pages 564
Publish Date 12/01/2009
Published 12/2009
Publisher Penguin Books

Interested in eBooks?Please read our brief introduction before purchasing.