From Black Monday to the Asian financial crisis, from the internet bubble to mortgage meltdown, our lives are ruled by crazy cycles of euphoria and hysteria that manage to grip the world but are all-too-soon forgotten.
In this unique collection of articles Michael Lewis - ex-trader and bestselling chronicler of greed and frenzy in the markets - casts a sceptical eye back over the most panicked-about panics of recent decades. He tells a story of boom and bust, deranged greed, outsized egos and over-inflated salaries, where the only thing that can ever be predicted is our constant inability to predict anything.
Using contemporary accounts from commentators such as Joseph Stiglitz, Jeffrey Sachs and Paul Krugman, plus many of his own best writings, Lewis conveys the mood before each catastrophe, what it was like in the heat of the moment, how, afterwards, we tried to explain away the chaos - and then failed to learn from it before the whole process started all over again.
Michael Lewis's global bestselling books lift the lid on the biggest stories of our times. They include Flash Boys, a game-changing expose of high-speed scamming; The Big Short, which was made into a hit Oscar-winning film; Moneyball, the story of a maverick outsider who beat the system; and Liar's Poker, the book that defined the excesses of the 1980s. Michael Lewis was born in New Orleans and educated at Princeton University and the London School of Economics.