Library/Business & Economics/Boomerang: Travels in the New Third World

Cover of Boomerang: Travels in the New Third World

Boomerang: Travels in the New Third World

Michael Lewis

Lewis visits crisis-struck countries to show how culture, incentives, and cheap credit shaped the global financial bust in different ways.

What stuck

  • Financial crises are never just about numbers. They also expose national habits and incentives.
  • Cheap credit lets societies postpone discipline, not escape it.