Almost ready!
In order to save audiobooks to your Wish List you must be signed in to your account.
Log in Create accountLimited-time offer
Get two free audiobooks!
Nowโs a great time to shop indie. When you start a new one credit per month membership supporting local bookstores with promo code SWITCH, weโll give you two bonus audiobook credits at sign-up.
Sign up todayGift audiobook credit bundles
You pick the number of credits, your recipient picks the audiobooks, and your local bookstore is supported by your purchase.
Start giftingA Rabble of Dead Money
This audiobook uses AI narration.
Weโre taking steps to make sure AI narration is transparent.
Learn moreThere is no single theory of what caused the Great Depression, and never will be, Morris argues. Macreconomics is a social science, and such a massive event always takes its shape from a terrible confluence of factors. The mismanagement of the gold standard, the growth in consumer credit, the insistence on deflation by some of the best minds in finance, the spread of "Fordism" through the manufacturing sector, the global agricultural catastrophe, and the inability of the major European belligerents of World War I to agree on a reconstruction agenda, are just a few of the shocks that in aggregate pushed the world into an economic Armageddon.
Morris does not fail to provide lessons that modern readers can learn from the Great Crash. It's tempting to pontificate about events of eighty years ago, but as Morris reminds us, our modern macroeconomics is still coming to terms with its failure to forecast how directly the much-trumpeted Great Moderation would lead to the Great Financial Crash of 2008.
Charles R. Morris is a lawyer, former banker, and New York Times bestselling author. He has written several books, including American Catholic, The Sages, and The Tycoons. He is also a regular contributor to the Los Angeles Times, the Wall Street Journal, and the Atlantic Monthly.
An award-winning audio engineer for over forty years, Tom Perkins has expanded his skills to narrating and has more than sixty titles to his credit. He learned by working with the world's best voice talent during his career, and he continues to engineer a variety of projects.