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The 10 Best Books of 2013[6/10]

After The Music Stopped-Best Books of 2013

AFTER THE MUSIC STOPPED
The Financial Crisis, the Response, and the Work Ahead
By Alan S. Blinder.
The Penguin Press, $29.95.

Blinder’s terrific book on the financial meltdown of 2008 argues that it happened because of a “perfect storm,” in which many unfortunate events occurred simultaneously, producing a far worse outcome than would have resulted from just a single cause. Blinder criticizes both the Bush and Obama administrations, especially for letting Lehman Brothers fail, but he also praises them for taking steps to save the country from falling into a serious depression. Their response to the near disaster, Blinder says, was far better than the public realizes.

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