The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means
 

The New Paradigm for Financial Markets: The Credit Crash of 2008 and What It Means

by George Soros

In the midst of the most serious financial upheaval since the Great Depression, legendary financier George Soros explores the origins of the crisis and its implications for the future. Soros, whose breadth of experience in financial markets is unrivaled, places the current crisis in the context of decades of study of how individuals and institutions handle the boom and bust cycles that now... (read more)

Top tags: economicsfinançasmarketnonfictionphilosophy (all tags)

Overview: Amazon Reviews

Too much philosophy
  • Rated 3 stars
Reviewed by an Amazon user, 2008-12-02
The first half of the book talks about philosophy. He could have just put in one chapter and the reader would have got the point. The second half of the books talks about the financial market. An average read.
Ingenious Incites
  • Rated 5 stars
Reviewed by an Amazon user, 2008-11-29
Soros captures the missing link in fundamentalist theory. If you do not understand Soros' theory of reflexivity you are missing a true understanding of the way markets work. Additionally, Soros outlines some of the problems with current policies in U.S and international regulation. If you care about your rights, open society, or the future of the United States, you should read this book. We must understand the problems we face, in order to address them.
Disappointment
  • Rated 1 stars
Reviewed by an Amazon user, 2008-11-29
I admire Mr. Soros for his philanthropy but I find this book disappointing. I was hoping to gain some insight into the economic crisis but instead got the wordy, unedited version of what amounts to a paper on his theory of reflexivity. The book contained too many extraneous pages about how he always wanted to be a philosopher, how criticisms of his initial theory were right (sort of) but also wrong and why he is now vindicated and is truly a philosopher. There was a chapter documenting trades he made recently that seemed out of place.

Had the editor done her job I think this book would have deflated into a paper which presented little to nothing new.
Wasn't too helpful
  • Rated 3 stars
Reviewed by an Amazon user, 2008-11-24
Found the book interesting but felt that it's premise and conclusions were obvious, especially given the current situation. I give him the benefit of the doubt that he couldn't have seen what ultimately would happen to our economy in the next few months and he reviewed what had previously happened and made it easy to understand.

Bias or the individuals perception of a situation is involved in everything, especially with him as his political position is obvious in his book. He is an example of his own theory of relfexivity.

Think he is trying to develop a theory of ecomomics to prove he is an intellectual on par with his father. Although I enjoyed the book I don't think he has done it. The blurb by his son explaining that he buys and sells on the basis of his backaches is incredulus and doesn't help in giving his theories validity.
Insightful read....
  • Rated 4 stars
Reviewed by an Amazon user, 2008-11-16
Insightful book. Recommend for any who need help connecting the dots on the current global financial condition.
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