Tuesday, October 11, 2011

Blog Transition Announcement

This blog was initially established by the Critical Review Foundation as a forum for contributors to What Caused the Financial Crisis, published by the University of Pennsylvania Press in 2010. That, in turn, was the book version of a special issue of Critical Review devoted to the causes of the financial crisis, published in 2009.

However, it's been a long time since there was activity on the site. (For a while, it seemed that the financial crisis might be fading away like a bad dream.) And now Penn has published a new book, Engineering the Financial Crisis, coauthored by Wladimir Kraus of the University of Aix-en-Provence (an Associate Editor of Critical Review) and myself. Since the new book is also about the causes of the financial crisis, and in the hope that nobody will object, I believe it's time to turn this into a blog about the new book.

And so we have done....

Jeffrey Friedman
Editor, Critical Review
Coauthor, Engineering the Financial Crisis: Systemic Risk and the Failure of Regulation

1 comment:

Lee Waaks said...

I have been reading Peter Wallison's FCIC Minority report. It is very convincing that NTMs (non-traditional mortgages), primarily funded by Fannie Mae/Freddie Mac, precipitated the financial crisis. Would you say your book is an alternative scenario or complementary? I have ordered your book and look forward to reading it. Your essay on the financial crisis in Critical Review is one of the best essays I have read in years.