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With a keen sense of history and compelling narrative skills, Liaquat Ahamed gives us a vivid and dramatic account of four men whose actions led to the world economic collapse of the late 1920s.

Many of us presume that the Great Depression resulted from a confluence of inexorable forces beyond any one person's or government's control. In fact, as economist Liaquat Ahamed explains, it was decisions taken by a small number of central bankers that were the primary cause of the economic meltdown.

Meet the neurotic and enigmatic Montagu Norman of the Bank of England; the xenophobic and suspicious Emile Moreau of the Banque de France; the arrogant yet brilliant Hjalmar Schacht of the Reichsbank; and the dynamic Benjamin Strong of the New York Federal Reserve Bank. These men were as prominent then as Alan Greenspan and Hank Paulson are in our time.

Lords of Finance brings a fresh perspective on the origins of financial crises and an arresting reminder that its individuals who lie at the heart of global catastrophe.

From the Hardcover edition.

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LIAQUAT AHAMED holds degrees in economics from the Universities of Cambridge and Harvard. He worked as a professional economist at the World Bank during the 1980s and since then as an investment manager.

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通货膨胀不只是简单的价格上涨，更是社会群体之间财富转移的一个微妙机制，从储蓄者、债权人和拿工资的人手中转移到政府、债务人和商人手中。

In other words, Britain's problem was not its budget deficit, but rather that it clung to the role of banker to the world without having the money or the resources to do so and at a time when most of the world was a damn poor risk.

书籍介绍

With a keen sense of history and compelling narrative skills, Liaquat Ahamed gives us a vivid and dramatic account of four men whose actions led to the world economic collapse of the late 1920s.

Many of us presume that the Great Depression resulted from a confluence of inexorable forces beyond any one person's or government's control. In fact, as economist Liaquat Ahamed explains, it was decisions taken by a small number of central bankers that were the primary cause of the economic meltdown.

Meet the neurotic and enigmatic Montagu Norman of the Bank of England; the xenophobic and suspicious Emile Moreau of the Banque de France; the arrogant yet brilliant Hjalmar Schacht of the Reichsbank; and the dynamic Benjamin Strong of the New York Federal Reserve Bank. These men were as prominent then as Alan Greenspan and Hank Paulson are in our time.

Lords of Finance brings a fresh perspective on the origins of financial crises and an arresting reminder that its individuals who lie at the heart of global catastrophe.-- From the Hardcover edition.