Crisis Economics

In Crisis Economics, renowned economist Nouriel Roubini, alongside Stephen Mihm, shares the predictive methods that allowed him to foresee the current financial crisis, challenging the conventional wisdom that such disasters are unpredictable anomalies. Drawing from a wealth of historical examples, they illustrate how financial crises are ingrained in the fabric of capitalism, highlighting the recurring instability within global financial systems. By analyzing past events and understanding the lessons they offer, Roubini and Mihm provide insights into recognizing and navigating economic vulnerabilities, ultimately suggesting that with the right strategies, these crises can be both prevented and resolved.