9th February 2010

Catalogue > Economics

The Storm

The World Economic Crisis and What It Means

Vincent Cable

The bestseller on the credit crunch. In this brilliant short book, Vince Cable 'the sage of the credit crunch' (Daily Telegraph) explains how we got here and where we're going.

Vince Cable warned abotut the collapse in the housing market before prices started to fall; argued for the nationalization of Northen Rock before it became government policy; predicted the banking crisis before banks stopped lending money; and, for many years, was alarmed by the growing amounts of personal debt in Britain.

In The Storm, Cable explains the causes of the world economic crisis and how we should respond to the challenges it brings. He shows that although the downturn is global, the complacency of the British government towards the huge ‘bubble’ in property prices and high levels of personal debt, combined with increasingly exotic and opaque trading within the financial markets, has left Britain badly exposed.

Cable urges us to resist the siren voices that promote isolationism and nationalism as the answer to economic woes. He argues that policy makers must keep their faith in liberal markets if the remarkable advances in living standards, which are now being extended to the world’s poorer countries, are to be maintained.

In this book, Vince Cable transcends party politics to show with authority, clarity, concision and humour that we must acknowledge and endorse the expansion of the economic centre of influence beyond the West if we are to move forward into calmer waters. It is essential reading.

Buy from Amazon.co.uk