Crashed: How a Decade of Financial Crises Changed the World
Author: Adam Tooze
Published by Viking, an imprint of Penguin Random House
Year: 2019
Gelber Prize Winner

The global financial crisis of 2007-2009 undermined global capitalism, exposed the failures of banks to manage their risks, almost broke the Eurozone and played a role in the Ukrainian conflict, Brexit and the election of Donald Trump. In a bold work of extraordinary range and ambition, Adam Tooze has written the standard work on the crisis and its aftermath. This is a big picture book, covering developments in the United States, China and Europe, but Tooze never loses sight of the role of key individuals and the political context in which vital economic decisions were taken.