Skip to content

  Home > View Categories > Business & Money >

I.O.U.: Why Everyone Owes Everyone and No One Can Pay
I.O.U.: Why Everyone Owes Everyone and No One Can Pay by John Lanchester 1439169845 9781439169841
Stock Image - Actual Cover May Vary

I.O.U.: Why Everyone Owes Everyone and No One Can Pay by John Lanchester

Part economic primer, part fiscal and historical analysis, New Yorker and London Review of Books contributor John Lanchester offers his brilliantly witty, succinct overview of the current financial crisis. For most people, the reasons for the sudden collapse of our economy remain obscure. I.O.U. is the story of how we came to experience such a complete and devastating financial implosion, and how the decisions and actions of a select group of individuals had profound consequences for America, Europe, and the global economy overall. John Lanchester begins with The ATM Moment, that seemingly magical proliferation of cheap credit that led to an explosion of lending, and then deftly outlines 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 draws perceptive conclusions on the limitations of financial and governmental regulation, capitalisms deepest flaw, and, most important, on the plain and simple facts of human nature where cash is concerned. Weaving together firsthand research and superbly written reportage, Lanchester delivers a shrewd perspective and a digestible, comprehensive analysis that connects the dots for the expert and casual reader alike. I.O.U. is an eye-opener of a book -- it may well provoke anger, amazement, or rueful disbelief -- and, as the author clearly reveals, weve only just begun to get ourselves back on track.

Author: John Lanchester

Language: English

Edition: 1

Binding: Hardcover

Pages: 272

Publisher: Simon & Schuster

Publication Date: 2010-01-05

Our Price: $4.29

ISBN: 1439169845

Like-New [Add $0.60]
Very-Good [Add $0.40]
Good [Add $0.20]

John Lanchester (Edition: 1) Hardcover

Browse for more products in the same category as this item:

View Categories > Business & Money
View Categories > Business & Money > International
View Categories > Business & Money > Economics
View Categories > History
View Categories > History > Africa
Binding > Hardcover

* Free Shipping applies to all orders shipped to the contiguous 48 United States. Variable shipping rates apply to Alaska, Hawaii, and the American Territories (Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, and the Northern Mariana Islands) as well as International orders shipped to countries other than the USA.