Richard Vague has 2 audiobooks on Listento.it, narrated by 2 narrators, with an average listener rating of 3★ across 7 ratings. The most-rated is A Brief History of Doom.
A Brief History of Doom
Summary
Financial crises happen time and again in post-industrial economies - and they are extraordinarily damaging. Building on insights gleaned from many years of work in the banking industry and drawing on a vast trove of data, Richard Vague argues that such crises follow a pattern that makes them both predictable and avoidable. A Brief History of Doom examines a series of major crises over the past 200 years in the United States, Great Britain, Germany, France, Japan, and China - including the Great Depression and the economic meltdown of 2008. Vague demonstrates that the over-accumulation of private debt does a better job than any other variable of explaining and predicting financial crises. In a series of clear and gripping chapters, he shows that in each case the rapid growth of loans produced widespread overcapacity, which then led to the spread of bad loans and bank failures. This cycle, according to Vague, is the essence of financial crises and the script they invariably follow. The story of financial crisis is fundamentally the story of private debt and runaway lending. Convinced that we have it within our power to break the cycle, Vague provides the tools to enable politicians, bankers, and private citizens to recognize and respond to the danger signs before it begins again. The book is published by University of Pennsylvania Press. The audiobook is published by University Press Audiobooks. "Must-reading for anyone who wants to understand the financial crises of the past - and anticipate the catastrophes of the future." (Rich Miller, Bloomberg News) "There couldn't be a better time to read his book." (Rana Foroohar, Financial Times) "This is a must read for anyone who wants to see the next crisis coming." (Moritz Schularick, University of Bonn)
©2019 University of Pennsylvania Press (P)2019 Redwood Audiobooks
The Next Economic Disaster
Summary
Current debates about economic crises typically focus on the role that public debt and debt-fueled public spending play in economic growth. This illuminating and provocative work shows that it is the rapid expansion of private rather than public debt that constrains growth and sparks economic calamities like the financial crisis of 2008. Relying on the findings of a team of economists, credit expert Richard Vague argues that the Great Depression of the 1930s, the economic collapse of the past decade, and many other sharp downturns around the world were all preceded by a spike in privately-held debt. Vague presents an algorithm for predicting crises and argues that China may soon face disaster. Since American debt levels have not declined significantly since 2008, Vague believes that economic growth in the United States will suffer unless banks embrace a policy of debt restructuring. All informed citizens, but especially those interested in economic policy and history, will want to contend with Vague's distressing arguments and evidence. The book is published by University of Pennsylvania Press.
©2014 University of Pennnsylvania Press (P)2015 Redwood Audiobooks