Goodreads helps you keep track of books you want to read.
Start by marking “Slapped by the Invisible Hand: The Panic of 2007” as Want to Read:
Slapped by the Invisible Hand: The Panic of 2007
Enlarge cover
Rate this book
Clear rating
Open Preview

Slapped by the Invisible Hand: The Panic of 2007

3.91 of 5 stars 3.91  ·  rating details  ·  35 ratings  ·  8 reviews
Originally written for a conference of the Federal Reserve, Gary Gorton's "The Panic of 2007" garnered enormous attention and is considered by many to be the most convincing take on the recent economic meltdown. Now, in Slapped by the Invisible Hand, Gorton builds upon this seminal work, explaining how the securitized-banking system, the nexus of financial markets and inst ...more
Hardcover, 223 pages
Published March 8th 2010 by Oxford University Press, USA (first published 2010)
more details... edit details

Friend Reviews

To see what your friends thought of this book, please sign up.

Reader Q&A

To ask other readers questions about Slapped by the Invisible Hand, please sign up.

Be the first to ask a question about Slapped by the Invisible Hand

Community Reviews

(showing 1-30 of 165)
filter  |  sort: default (?)  |  rating details
I liked this book, even though I disagree with nearly all of the author's policy prescriptions.

Since most all of this book's content consist of previously published research papers, most of this book can be had for free with a little internet searching.

"One of the most illuminating of the many books on the financial crisis." - Eric Posner
Justin Tapp
Gorton is a Yale Professor of Management and Finance and an expert in the history of banking and financial markets. Perhaps no one has done as much work on the makeup of the "shadow banking" system as he has. This book is a compilation of a few of his papers, one of which was famously presented at the Fed's Jackson Hole conference in 2008. Gorton's work is at the top of Ben Bernanke's financial crisis reading list.

What is a bank--can you define it? If banks are regulated, but certain non-banks e
Technical, demanding and often turgid academic prose, but this book and Gary Gorton's original scholarly articles are essential reading for those trying to understand the underlying dynamics of the credit crisis. Worth picking up simply for the diagrams illustrating collateralized debt securities and similar products. Not for the lazy or faint of heart, but if you are willing to go beneath the headline 'causes' touted by talking heads and politicians and want to try to understand why the 2007-20 ...more
Without a doubt, this is the single best treatise out there if you're looking to understand the financial crisis of 2007-8. Gorton is a master of the subject, and although some of the book is highly technical, most is easily understood by those not deeply involved in the banking system.
Very interesting read, hampered somewhat by dense, academic-style prose. Also quite technical in places -- this is about the edge of my ability (as a well-read amateur) to understand economics literature.
Dec 21, 2010 Alan is currently reading it
At times pretty complex. However Gorton definitely owns the subject and I am amazed at the complexity involved in today's global financial system.
Christopher Culp
For financial economists, this is the book to read on the crisis and the underlying structured finance market.
Niren marked it as to-read
Dec 17, 2014
Ali marked it as to-read
Dec 08, 2014
Miriam Hannah
Miriam Hannah marked it as to-read
Oct 28, 2014
Fariha is currently reading it
Oct 27, 2014
Keith Marcus
Keith Marcus marked it as to-read
Oct 20, 2014
Senthil Kamaraj
Senthil Kamaraj marked it as to-read
Oct 10, 2014
Michael marked it as to-read
Sep 16, 2014
Seth marked it as to-read
Sep 11, 2014
Daniel Burge
Daniel Burge marked it as to-read
Sep 05, 2014
Deepak Dk
Deepak Dk marked it as to-read
Aug 28, 2014
Jimbob marked it as to-read
Aug 22, 2014
Nobody marked it as to-read
Aug 06, 2014
Andrew Saul
Andrew Saul marked it as to-read
Aug 02, 2014
Mehmets marked it as to-read
Jul 30, 2014
Christopher Benassi
Christopher Benassi marked it as to-read
Jul 10, 2014
Nwstgrrl marked it as to-read
Jul 04, 2014
« previous 1 3 4 5 6 next »
There are no discussion topics on this book yet. Be the first to start one »
Misunderstanding Financial Crises: Why We Don't See Them Coming

Share This Book