The full title of Barry Eichengreen’s magisterial (overused but valid here) comparative history of The Great Depression and the recent Great Recession is HALL of MIRRORS The Great Depression, The Great Recession, and the uses — and misuses — of history. If you remember your college blue book exam question: compare and contrast _____________ and ___________ with special attention to _____, _____, and _____. This is the A+ answer to: Compare and contrast The Great Depression and The Great Recession with special attention to monetary policy, fiscal policy, financial markets, politics and dramatis personae. His portraits of the actors are worth the price of the book alone.
There are hundreds of books about each event. There are a handful, at most, of must read books about the financial crisis and Great Recession. HALL OF MIRRORS is one of them. The book will appeal mostly to history mavens and econonerds but Eigengreen is such a graceful writer that anyone interested in the most important financial/economic crises of the past 100 years will appreciate it as a “worthy, distinctive, thorough and impressive” work.