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Financial crises, debt and business cycles

Economics

Accounts of the Great Depression, the 2008 crisis and sovereign debt crises, and theories of how debt and business cycles drive booms and busts.

24 books on Financial crises, debt and business cycles, 1 of them tier 1, recommended by 12 people including Mohnish Pabrai and Bill Gates.

24 books · 17 experts

Start here

  1. The World in Depression, 1929-1939Charles P. Kindleberger, 1973
  2. Essays on the Great DepressionBen S. Bernanke, 2000
  3. Crisis EconomicsNouriel Roubini, Stephen Mihm, 2010
  4. Fault LinesRaghuram G. Rajan, 2010
  5. House of DebtAtif Mian, Amir Sufi, 2014

The best books on Financial crises, debt and business cycles 24

The World in Depression, 1929-1939The World in Depression, 1929-1939
T1 The World in Depression, 1929-1939
Charles P. Kindleberger · 1973
Classic account with Creditanstalt as the hinge of the crisis.
Open Library
Essays on the Great DepressionEssays on the Great Depression
T2 Essays on the Great Depression
Ben S. Bernanke · 2000
The credit-channel research a future Fed chairman later acted on.
Open Library
Crisis EconomicsCrisis Economics
T2 Crisis Economics
Nouriel Roubini, Stephen Mihm · 2010
Crises as the norm rather than the exception.
Open Library
Fault LinesFault Lines
T2 Fault Lines
Raghuram G. Rajan · 2010
Inequality, global imbalances and credit as substitutes for income.
Open Library
House of DebtHouse of Debt
T2 House of Debt
Atif Mian, Amir Sufi · 2014
Household leverage as the mechanism of the housing bust.
Open Library
Hall of MirrorsHall of Mirrors
T2 Hall of Mirrors
Barry Eichengreen · 2015
The Depression and the euro crisis compared.
Open Library
Big Debt CrisesBig Debt Crises
T2 Big Debt Crises
Ray Dalio · 2018
Template for deleveragings with forty-eight case studies.
Open Library
CrashedCrashed
T2 Crashed
Adam Tooze · 2018
The crisis as a dollar-funding problem, told globally.
Open Library
In Defense of Public DebtIn Defense of Public Debt
T2 In Defense of Public Debt
Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves, Kris James Mitchener · 2021
The long history of state borrowing and when it is sustainable.
Open Library
America's Great DepressionAmerica's Great Depression
T3 America's Great Depression
Murray N. Rothbard · 1963
The Austrian account of 1929 and the policy response that followed
Open Library
“It's a timeless and timely classic.”Christopher Bloomstran
Recommended byChristopher BloomstranMohnish Pabrai
Business CyclesBusiness Cycles
T4 Business Cycles
Joseph A. Schumpeter · 1939
Open Library
Recommended byJack Ma
Economist on Wall StreetEconomist on Wall Street
T4 Economist on Wall Street
peter l. bernstein · 1970
Open Library unreachable during build; every openlibrary.org query failed with connection errors
Open Library
Business Cycles: History, Theory and InvestmBusiness Cycles: History, Theory and Investment Reality
T4 Business Cycles: History, Theory and Investment Reality
Lars Tvede · 1997
Tvede on how credit and business cycles drive asset prices.
Open Library
The Crisis of Global CapitalismThe Crisis of Global Capitalism
T4 The Crisis of Global Capitalism
George Soros · 1998
Open Library
Technological Revolutions and Financial CapiTechnological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages
T4 Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages
Carlota Perez · 2002
Open Library
“Perhaps the best book on the topic is Carlota Perez, Technological Revolutions and Financial Capital”Michael Mauboussin
Recommended byMichael MauboussinPatrick Collison
The Holy Grail of Macroeconomics: Lessons frThe Holy Grail of Macroeconomics: Lessons from Japan's Great Recession
T4 The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession
Richard C. Koo · 2008
Koo's balance-sheet recession thesis, drawn from Japan's lost decades.
Open Library
Recommended byMohnish Pabrai
This Time Is DifferentThis Time Is Different
T4 This Time Is Different
Carmen M. Reinhart, Kenneth S. Rogoff · 2009
Eight centuries of default and crisis data assembled in one place.
Open Library
Recommended byMohnish PabraiRational Capital Investment FundBill GatesRaoul Pal
Beyond the CrashBeyond the Crash
T4 Beyond the Crash
Gordon Brown · 2010
Open Library
Recommended byBill Gates
Confidence MenConfidence Men
T4 Confidence Men
Ron Suskind · 2011
Open Library
Recommended byNir Eyal
Financial Turmoil in Europe and the United SFinancial Turmoil in Europe and the United States
T4 Financial Turmoil in Europe and the United States
George Soros · 2012
Open Library
Principles for Navigating Big Debt CrisesPrinciples for Navigating Big Debt Crises
T4 Principles for Navigating Big Debt Crises
Ray Dalio · 2018
Free PDF at economicprinciples.org; first issued as A Template for Understanding Big Debt Crises.
Open Library
“A companion to his macro work, this book dissects 48 historical debt crises to extract the common template. Dalio recommends it as the reference for understanding why credit booms end the way they do and what policy tools are — and are not — available.”Ray Dalio
Recommended byRay Dalio
How Countries Go Broke: The Big CycleHow Countries Go Broke: The Big Cycle
T4 How Countries Go Broke: The Big Cycle
Ray Dalio · 2025
Open Library
Manias, Panics, and CrashesManias, Panics, and Crashes
T4 Manias, Panics, and Crashes
Charles P. Kindleberger · 1996
The standard anatomy of currency and credit crises.
Open Library
“On the list as core financial-crisis history.”Li Lu
Recommended byHoward MarksLi Lu
Predicting the Markets of Tomorrow: A Contra
T4 Predicting the Markets of Tomorrow: A Contrarian Investment Strategy for the Next Twenty Years
James P. O'Shaughnessy
unverified
Recommended byMohnish Pabrai

Experts 17

The people who wrote this page's books, and the people who recommend them.

Authors 6

Ray Daliowrote 3 books hereBarry Eichengreenwrote 2 books here
CP
Charles P. Kindlebergerwrote 2 books hereGeorge Soroswrote 2 books here
PL
Peter L. Bernsteinwrote 1 book hereJames P. O'Shaughnessywrote 1 book here

Recommenders 12

MP
Mohnish Pabrairecommends 4 books hereBill Gatesrecommends 2 books hereHoward Marksrecommends 1 book here
MM
Michael Mauboussinrecommends 1 book hereRay Daliorecommends 1 book here
LL
Li Lurecommends 1 book here
CB
Christopher Bloomstranrecommends 1 book hereJack Marecommends 1 book here
NE
Nir Eyalrecommends 1 book herePatrick Collisonrecommends 1 book here
RP
Raoul Palrecommends 1 book here
RC
Rational Capital Investment Fundrecommends 1 book here
See all 17 in the Experts tab →

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