Why the Conventional Wisdom about the 2008 Financial Crisis Is Still Wrong: Ten Years Later
By Paul D. Mueller
Newcastle upon Tyne, U.K.: Cambridge Scholars, 2019.
Pp. viii, 189. $58.99 hardcover.
The idea of writing a retrospective account of the financial crisis ten years out is a good one, and Paul Mueller’s book provides a nice overview of the economic and political factors that contributed to the crisis. has a bit of a public-choice flavor in that he stresses how various bank and mortgage regulations tended to amplify the crisis—making [Princeton, N.J.: Princeton University Press, 2011]) is a rare exception to this complacency typical of mainstream macroeconomists, but its insistence that excessive private and public debt can lead to crises is not mentioned in Mueller’s book.
