The best economics and business books of the year, according to The Economist magazine:
Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial Systems–and Themselves. By Andrew Ross Sorkin. Viking; 624 pages; $32.95. Allen Lane; £14.99
A riveting fly-on-the-wall account of the collapse of Lehman Brothers and what came afterwards.
Lords of Finance: The Bankers Who Broke the World. By Liaquat Ahamed. Penguin Press; 564 pages; $32.95. Heinemann; £20
A history of the generation that invented the modern central banker. Winner of this year’s Financial Times/Goldman Sachs business book of the year award.
How Markets Fail: The Logic of Economic Calamities. By John Cassidy. Farrar, Straus and Giroux; 416 pages; $28. Allen Lane; £25
sharp look at the roots of the financial crisis that turns into an
excellent history of economic thought, by a British writer at the New Yorker.
Poorly Made in China: An Insider’s Account of the Tactics Behind China’s Production Game. By Paul Midler. Wiley; 256 pages; $24.95 and £16.99
useful analysis by a consultant who advises Western companies on what
to do about China’s manufacturing problems. Many laboratories protect
their reputation by hiding, rather than revealing, what they test and
whistle-blowing is punished rather than rewarded.