The Subprime Solution: How Today’s Global Financial Crisis Happened, and What to Do about It: Robert J. Shiller
- Filed under: Recommended
Editorial Reviews
Review
“Rigorous, innovative, and accessible, The Subprime Solution is a wonderful book that will appeal to a wide audience. Robert Shiller is uniquely qualified to analyze the recent unprecedented problems in the mortgage and housing markets, and the way they have spilled over into the wider credit markets. He has again proven his ability to communicate complex ideas and evidence about financial markets.” - Diane Coyle, author of The Soulful Science”
"His short, snappy and surprisingly far-reaching book on the subprime crisis is as interesting and indispensable as you would expect." –Clive Cook, Financial Times, September 8th, 2008
"In the aftermath, Shiller’s recommendation to policy-makers is "Mend it, Don’t End It." –Kevin G. Hall, The Modesto Bee, August 22nd, 2008
"Is this a wise bail-out? The best statement I have read on this question comes from Professor Robert Shiller of Yale University in his fascinating new book on the housing bubble." –Martin Wolf, Financial Times, September 9th 2008
"Robert Shiller is financial forecasting’s dean of doom. But he has ideas for fixing markets too." –Justin Fox, Time Magazine, September 15th, 2008
"Robert Shiller is someone who should be taken seriously." –Andrew Leonard, Slate.com
"What sets Shiller apart–brilliantly apart–from other analysts of the housing bubble are the sharpness of his diagnoses and the creativity of his solutions. These are the core of his excellent new book, The Subprime Solution: How Today’s Global Financial Crisis Happened and What to Do About It." –Arvind Subramanian, Forbes.com, September 15th 2008
"Why listen to Shiller at all? He remains a rare breed — an academic who has transformed economic theory into useful real world solutions. As a renowned professor of economics at Yale University, he remains the expert on U.S. housing markets." –John Fout, The Street.com, August 20th, 2008
Review
"Shiller goes beneath the surface of the write-downs and the bailouts and the fines and the litigation to ask whether "the social fabric is indeed at risk and should be central to our attention as we respond to the subprime crisis."
"It is short, punchy and political. Shiller is a top-flight academic economist who has often warned of the tendency of markets towards irrational exuberance."
"Shiller’s reputation in economics, his majestic prose style, his statistical proofs and his vast coterie of admirers suggest that at least some of his recommendations will become part of U.S. mortgage regulation."
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