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I.O.U.: Why Everyone Owes Everyone and No One- hardcover, 1439169845, Lanchester

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ISBN
9781439169841
Publication Year
2010
Format
Hardcover
Language
English
Book Title
I. O. U. : Why Everyone Owes Everyone and No One Can Pay
Author
John Lanchester
Item Length
8.4in
Publisher
Simon & Schuster
Genre
Business & Economics
Topic
International / Economics, Economic History, General, Economics / General
Item Width
5.5in
Item Weight
13 Oz
Number of Pages
272 Pages

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Product Information

For most people, the reasons for the sudden collapse of our economy still remain obscure. I.O.U. is the story of how we came to experience such a complete financial disaster, starting with the magical proliferation of credit that led to an explosion of lending on the global and local landscapes of banking and finance. Viewing the crisis through the lens of politics, culture, and contemporary history-from the invention and widespread misuse of financial instruments to the culpability of subprime mortgages-Lanchester deftly draws conclusions on the limitations of financial and governmental regulation, capitalism's deepest flaw, and most important, on the plain and simple facts of human nature where cash is concerned. With newly updated, superbly written reportage, Lanchester delivers a shrewd perspective and a digestible, comprehensive analysis that connects the dots for expert and casual reader alike. Part economic primer, part fiscal and historical analysis, I.O.U. is an eye-opener of a book.

Product Identifiers

Publisher
Simon & Schuster
ISBN-10
1439169845
ISBN-13
9781439169841
eBay Product ID (ePID)
73404064

Product Key Features

Book Title
I. O. U. : Why Everyone Owes Everyone and No One Can Pay
Author
John Lanchester
Format
Hardcover
Language
English
Topic
International / Economics, Economic History, General, Economics / General
Publication Year
2010
Genre
Business & Economics
Number of Pages
272 Pages

Dimensions

Item Length
8.4in
Item Width
5.5in
Item Weight
13 Oz

Additional Product Features

Lc Classification Number
Hb3722.L35 2010
Reviews
'[A] writer with literary bona fides?[Lanchester] has the intellectual heft and the chops, as a jazz musician might say, to deliver a resounding book about the crisis'.An elegant and wonderfully witty writer, Mr. Lanchester approaches his subject with a newcomer's verve. It's infectious'.frame[s] the Great Recession in startlingly original terms.'—Devin Leonard,The New York Times, Sunday Business, "I.O.U.is the map to the crazed world of contemporary finance we have all been waiting for. John Lanchester's superb book is everything its subject, the 2008 crash, was not: namely lucid, beautifully contrived, comprehensible to the reader with no specialist knowledge -- and most of all devastatingly funny. I urge you to read it." -- Will Self, author ofLiver, "[John Lanchester has] leaped into nonfiction, combining prodigious research and reporting with his storytelling gift. The result is this elegantly crafted little book-equal parts history, economic primer, and social commentary-that manages to be, by turns, acidic, frightening, and sharply funny. What it is not is boring. In fact, this is a better book about the global meltdown than any other to date-and some of our best financial and business writers have weighed in on the subject'.He explains everything so lucidly, so simply, refracted through the lens of history for perspective, that it all makes perfect sense. A"—Tina Jordan,Entertainment Weekly, "[Lanchester] brings his mischievous wit to bear on the Great Credit Crackup in his boisterous primer'.His method: to boil complex instruments and linkages down to anecdotes, outlandish images and acerbic asides that strip away those layers of bank jargon. The result is the perfect read for anyone still wondering what went wrong and why."—Bloomberg News, "I.O.U.is so clear and funny and cleverly written. I love the personal asides and observations and jokes and bits of autobiography that make it seem human and not text-book like. And the more and more improbable analogies for the ups and downs of the markets (a bride's nightie...a gorilla on a pogo stick). But what I like most is that it makes'me'feel intelligent, because I can now understand all this stuff." —Marina Lewycka, author ofA Short History of Tractors in Ukrainian, 'I.O.U.is so clear and funny and cleverly written. I love the personal asides and observations and jokes and bits of autobiography that make it seem human and not text-book like. And the more and more improbable analogies for the ups and downs of the markets (a bride's nightie...a gorilla on a pogo stick). But what I like most is that it makes me feel intelligent, because I can now understand all this stuff.'—Marina Lewycka, author ofA Short History of Tractors in Ukrainian, "Warning to bankers everywhere in the world. You better buy every single copy ofI.O.U.because Lanchester's painted the target on you that the rest of us so desperately wanted to see. My prediction: bankers may be an endangered species onceI.O.U.gets out, and from this read, I can tell you, while I hate to rush Darwin, it can't happen fast enough." -- James J. Cramer, host of CNBC'sMad Moneyand author ofJim Cramer's Getting Back to Even, "InI.O.U., the only truly entertaining book I've read on the subject, the British writer John Lanchester theorizes that after the Cold War, capitalism could go wild because Western governments no longer had to worry about competing with communism. This is a fascinating idea?"—Jacob Weisberg,Newsweek, 'Hard to imagine any book giving us a clearer, more concise overview of the global financial crisis.I.O.U.is endlessly witty, for one thing, but the wit is underpinned by a tremendous, unembarrassed anger and moral lucidity. A superb entry-level guide which will turn any reader into an expert within the space of 200 pages.'—Jonathan Coe, author ofThe Rotter's ClubandThe Rain Before It Falls, "Witty, lucid, solicitous of the average person's difficulty in grasping the conceptual underpinnings of international finance....Lanchester manages to know enough to explain the terrain clearly and yet he never loses his perspective?Lanchester had me in the palm of his hand?"—Salon.com, 'From the insane and apparently incomprehensible chaos of the financial meltdown John Lanchester has extracted a compelling narrative, clearly explaining the madness of modern capitalism with razor-sharp insight, brilliant clarity and a refreshing dose of humor. A great book; interesting, accessible and witty.'—John O'Farrell, former columnist forThe IndependentandThe Guardian, and author ofAn Utterly Exasperated History of Modern Britain: or Sixty Years of Making the Same Stupid Mistakes as Always, 'The novelist John Lanchester's short book on the finance crisis,I.O.U.,?is literary and profound'.But this is not just finance-for-poets. Lanchester'is a master explainer with an excellent grasp of sophisticated finance. His book is a gem.'—Christopher Caldwell, The Daily Beast, '[H]ere's a prediction: Few if any of these [finance] books will be as pleasurable—and by that I mean as literate or as wickedly funny—as John Lanchester'sI.O.U'.Mr. Lanchester explains these things methodically, with mathematical rigor, but he is also, crucially, guided as much by perception and feel'.history lesson is peppered with dead-on references to everything, including ?Annie Hall,? ?The Simpsons,? ?The Wire,? Hemingway and Jacques Derrida'.Before you begin to cry, pick up a copy ofI.O.U.Good humor and good company will be the things that'll get us through.'—Dwight Garner,The New York Times
Copyright Date
2010
Lccn
2009-036465
Dewey Decimal
330.9/0511
Intended Audience
Trade
Dewey Edition
22

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