Best Books on Financial Crises

Introduction

Financial crises have shaped economies throughout history. These books explain their causes, effects, and how investors can learn from them.

1. Manias, Panics, and Crashes – Charles Kindleberger & Robert Aliber

📖 Why Read It?
A classic book explaining how financial crises form, from speculative bubbles to economic collapses.

2. The Big Short – Michael Lewis

📖 Why Read It?
A gripping narrative on the 2008 financial crisis and how a few investors predicted it.

3. When Genius Failed – Roger Lowenstein

📖 Why Read It?
The story of Long-Term Capital Management, a hedge fund that nearly caused a global financial meltdown in 1998.

4. This Time is Different – Carmen Reinhart & Kenneth Rogoff

📖 Why Read It?
A historical analysis of financial crises over 800 years, showing common patterns across economies.

5. Too Big to Fail – Andrew Ross Sorkin

📖 Why Read It?
A detailed look at the 2008 financial crisis and the government’s response.

📌 Keywords/Tags: Financial Crises, Market Bubbles, Economic History, 2008 Crisis