Read it and weepOct 9th 2008 NEW YORK
From The Economist
The banking bust and the book bubble
ONE man’s pain is another man’s pleasure. It will be no comfort to beaten-up bankers that their plight has spawned a mini-boom in publishing. The Economist counts at least 18 books on the crisis that are either in the works or already in the shops.
ONE man’s pain is another man’s pleasure. It will be no comfort to beaten-up bankers that their plight has spawned a mini-boom in publishing. The Economist counts at least 18 books on the crisis that are either in the works or already in the shops.
With publishers still sniffing out possible authors and agents hawking proposals from grizzled hacks, expect at least another dozen to join them.Those already published range from the populist (“Plunder” by Danny Schechter) to the highbrow (“The Subprime Solution” by Robert Shiller, of home-price-index fame). The publisher of “Plunder”, Alexander Dake, admits that the book was “kind of a rush job”—though, he insists, impeccably researched. Others have benefited from good fortune: Charles Ellis’s “The Partnership”, a weighty history of Goldman Sachs, appeared just as the investment bank took centre-stage. A history of finance by Niall Ferguson, a Harvard professor, was also well timed.
Read the full pice at The Economist online.
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