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Capital, June 2012
Hardcover / e-Book
I.O.U., September 2010
Paperback
Why Everyone Owes Everyone and No One Can Pay
Simon & Schuster
September 2010
On Sale: September 14, 2010
288 pages
ISBN: 1439169861
EAN: 9781439169865
Paperback
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Non-Fiction
For most people, the reasons for the sudden collapse of our
economy still remain obscure. I.O.U. is the story of how we
came to experience such a complete financial disaster,
starting with the magical proliferation of credit that led
to an explosion of lending on the global and local
landscapes of banking and finance. Viewing the crisis
through the lens of politics, culture, and contemporary
history—from the invention and widespread misuse of
financial instruments to the culpability of subprime
mortgages—Lanchester deftly draws conclusions on the
limitations of financial and governmental regulation,
capitalism’s deepest flaw, and most important, on the plain
and simple facts of human nature where cash is concerned. With newly updated, superbly written reportage, Lanchester
delivers a shrewd perspective and a digestible,
comprehensive analysis that connects the dots for expert and
casual reader alike. Part economic primer, part fiscal and
historical analysis, I.O.U. is an eye-opener of a book.
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