The Great Crashes

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What to expect

Brought to you by Penguin.

The global economy has weathered the most tumultuous century in modern financial history.

Since America's Wall Street Crash of 1929, the global economy has weathered the most tumultuous century in financial history. From the currency crises of the 1980s, to Japan's housing meltdown, the dot com boom and bust, the global financial crash and the COVID pandemic, crash after crash has sent shockwaves through our world.

The Great Crashes tells the stories of ten of these historic financial events. They serve as a series of cautionary tales, each with their own lessons to be learnt. With clear-eyed analysis, renowned economist Professor Linda Yueh uses these meltdowns to extract a critical three-step framework to help recognise the early signs of a crash, mitigate the effects and even prevent them in the future. There is very little that is certain in economics, except for this: there will be another financial crisis.

Combining her in-depth knowledge with compelling storytelling, The Great Crashes is essential reading that offers urgent lessons for the modern world.

'A masterclass in spotting the early signs of a crisis'
Nouriel Roubini

'This is the historical perspective we need' John Kay

'A first point of entry for anybody who wants to learn how the world sleep-walked into multiple crashes' Daron Acemoglu

'Fascinating, well-written and authoritative' Tim Harford

©2023 Linda Yueh (P)2023 Penguin Audio

Critics Review

The perfect primer on the worst economic disasters of the past 100 years

The Times

Engrossing… [one of] the 75 best books for summer 2023

Daily Telegraph

Linda Yueh’s new book [is] almost alarmingly timely, as if she were tanking the global economy as the mother of all guerrilla marketing stunts

Guardian

Best new books on economics: An important book to keep us all on our toes when complacency starts to creep in, again

Financial Times

Cogent analysis

Times Literary Supplement

Linda Yueh’s analysis of what past financial crises have in common is an important contribution that can help society anticipate and tackle potential crashes in the future

President of the European Central Bank and former Managing Director of the International Monetary Fund, 2011-2019

Fascinating, well-written and authoritative

Tim Harford

A first point of entry for anybody who wants to learn how the world economy sleep-walked into multiple crashes over the last century

Institute Professor at MIT, and author of Why Nations Fail

An accessible and insightful overview of modern financial crises, incorporating both historical detail and thoughtful analysis

Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University, and former Chief Economist of the International Monetary Fund

Linda provides many with a very readable summary of all the great crises, but also more importantly derives the big lessons and how to have a better policy framework to avoid getting caught up in too much ” this time it is different” when the next big risks appear

Author of The Growth Map and former Chairman of Goldman Sachs Asset Management

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