Beyond the Crash: Overcoming the First Crisis of Globalization (Hardcover)
Overcoming the First Crisis of Globalization
Free Press, 9781451624052, 314pp.
Publication Date: December 7, 2010
-- From Beyond the Crash
Praise For Beyond the Crash: Overcoming the First Crisis of Globalization…
'"Brown's] book is gripping because his matter-of-fact recounting of the early months of the crisis conveys the dilemmas and angst of polictymakers as they tried to handle the biggest economic drama in decades… The book conveys well Brown's sense of history, the rapid pace of change in the global economy and the failures of unfettered markets to manage things on their won. But it also conveys his moral sensibilities. He was a finance Minster who realized that finance was not an end in itself; that the true gauge of an economy was how it affected the well-being of its citizens. He was concerned about unemployment, not just inflation…. What is clear from this book is that Brown knew what needed to be done and tried to do it at a time when others were paralysed, captured by the financial community, or deluded by their past mistakes into trying to underestimate the severity of the crisis that their policies has helped create." --Joseph Stiglitz, Financial Times
"When the economic crisis erupted in 2008-9, Brown, like Churchill in 1940, was the right man in the right place at the right time. He'd had 10 years as chancellor of the exchequer. He'd read widely and thought deeply about economics, finance, globalization. He was the one national leader who came to the crisis with a plan and the authority to push it through...This is his story of how he did it, told soberly, clearly, compellingly. It is not a defence of his premiership, but his personal account of a heroic moment in it. He does not claim credit for "saving the world", but lets the story speak for itself, and praises the contribution of his own team and the other world leaders. It is an interrupted story, because he did not survive long enough politically to finish the job. Since he left the scene efforts to co-ordinate recovery policies have fallen to pieces. This is the measure of his achievement – and the hole that his departure left." --Robert Skidelsky, The Guardian