Dean, Columbia University Graduate School of Business. Ex-Chairman, Council of Economic Advisors, USA.
While Brooks died in 1993, this recently rereleased collection of business stories from his New Yorker articles decades ago brings classic explanations of growth (Xerox Corp.’s early years) and poor decisions (Ford Motor Co.’s problematic launch of the Edsel) that should inform and captivate business executives and students of business alike.
Wolf’s book sets the crisis in the context of structural problems that set the stage for the crisis, many of which have not been mitigated (indeed some amplified) by policy hyperactivity in the wake of the crisis. While not all of the diagnoses and future policy suggestions ring true, this book will stand the test of time as an introduction to the complexity of problems that presaged the crisis.