The 10 Best Books of 2009
(Agencies)
Updated: 2009-12-10 10:47
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LORDS OF FINANCE: The Bankers Who Broke the World
By Liaquat Ahamed
The Penguin Press, $32.95.
The parallels with our own moment are impossible to miss in Ahamed’s narrative about four members of “the most exclusive club in the world,” central bankers who dominated global finance in the post-World War I era. Ahamed, a longtime investment manager, evokes in glittering detail a volatile time of financial bubbles followed by busts, all of it guided by players wedded to economic orthodoxy.