• The New Paradigm for Financial Markets

  • The Credit Crisis of 2008 and What It Means
  • By: George Soros
  • Narrated by: Grover Gardner
  • Length: 4 hrs and 39 mins
  • Unabridged Audiobook
  • Release date: 16-05-08
  • Language: English
  • Publisher: Perseus Books LLC
  • 3.5 out of 5 stars 3.5 (4 ratings)

Summary

In the midst of one of the most serious financial upheavals since the Great Depression, George Soros, the legendary financier and philanthropist, writes about the origins of the crisis and proposes a set of policies that should be adopted to confront it. Soros, whose breadth of experience in financial markets is unrivaled, places the current crisis in the context of his decades of study of how individuals and institutions handle the boom and bust cycles that now dominate global economic activity. "This is a once in a lifetime moment," writes Soros in characterizing the scale of financial distress spreading across Wall Street and other financial centers around the world. In a concise essay that combines practical insight with philosophical depth, Soros makes an invaluable contribution to our understanding of the great credit crisis and its implications for our nation and the world.
©2008 PublicAffairs (P)2008 PublicAffairs
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Critic reviews

"[Soros]...sets out to illuminate the credit crunch through the prism of 'reflexivity'....His prognosis is grim." (Economist.com)
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Regular price: £15.09

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Customer Reviews

Most Helpful
5 out of 5 stars
By Adam on 17-06-08

WARNING: Contains no answers

This book won't make you rich in terms of money, but is interesting. More of a philosophy book than and analysis of the current (early 2008) financial situation.
At its heart is the idea of Reflexivity which is described also in his other books. Here he uses it to show how the sub-prime problem of 2007-2008 came about as well as a super-bubble. The book is very short, though brevity is one of its good points. If you liked ?The Black Swan? then you?ll like this.

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Customer Reviews

Most Helpful
2 out of 5 stars
By David on 23-06-08

What you take away, you'll have earned.

It really is striking to hear how frequently George Soros repeats himself. He must have defined his concept of "reflexivity" about one hundred times over. He can be very efficient though, when he wants to be. His telling of historical events in the markets and their cause/effect relationships was brief and clear and fantastic. I am reminded of "Rain Man". "Rain Man" could count a pile of toothpicks at a glance but, well, there were other things that he simply couldn't do well. Soros muses openly about whether or not he is taken seriously as a philosopher. If Soros is a philosopher, then "Rain Man" is a hot Latin lover. I think Soros has conveyed one good idea, (reflexivity) and then utterly milked it to death. Beyond that he reveals some of his fevered political views. It's breathtaking what an otherwise astute thinker can bring himself to believe.

I think that the book does have some real value, you'll just have to wade through an awful lot to reach it.

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10 of 11 people found this review helpful

3 out of 5 stars
By Amazon Customer on 26-07-08

Very well Narrarated

George Soros doesn't lack an ego, this is clear in all of his books. I do like to try to see things from his point of view. Reflexivity makes some sense but I am not sure it is really that new of an idea. I would rate this book average. Probably worth the listen or read but don't pick this over real theory if you are trying to learn more about economics.

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3 of 3 people found this review helpful

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