Lords of Finance: The Bankers Who Broke the World (Pulitzer Prize Winner)
Liaquat Ahamed
Jan 2009 · Sold by Penguin
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About this ebook
Winner of the Pulitzer Prize
“A magisterial work.” —New York Times Book Review
“The rich and charming story of the end of the world.” —TIME
“Highly readable.” —Financial Times
“This absorbing study of the first collective of central bankers is provocative, not least because it is still relevant.” —The Economist
It is commonly believed that the Great Depression that began in 1929 resulted from a confluence of events beyond any one person's or government's control. In fact, as Liaquat Ahamed reveals, it was the decisions made by a small number of central bankers that were the primary cause of that economic meltdown, the effects of which set the stage for World War II and reverberated for decades. As we continue to grapple with economic turmoil, Lords of Finance is a potent reminder of the enormous impact that the decisions of central bankers can have, their fallibility, and the terrible human consequences that can result when they are wrong.
“A magisterial work.” —New York Times Book Review
“The rich and charming story of the end of the world.” —TIME
“Highly readable.” —Financial Times
“This absorbing study of the first collective of central bankers is provocative, not least because it is still relevant.” —The Economist
It is commonly believed that the Great Depression that began in 1929 resulted from a confluence of events beyond any one person's or government's control. In fact, as Liaquat Ahamed reveals, it was the decisions made by a small number of central bankers that were the primary cause of that economic meltdown, the effects of which set the stage for World War II and reverberated for decades. As we continue to grapple with economic turmoil, Lords of Finance is a potent reminder of the enormous impact that the decisions of central bankers can have, their fallibility, and the terrible human consequences that can result when they are wrong.
Winner of the Pulitzer Prize
“A magisterial work.” —New York Times Book Review
“The rich and charming story of the end of the world.” —TIME
“Highly readable.” —Financial Times
“This absorbing study of the first collective of central bankers is provocative, not least because it is still releva...
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Ratings and reviews
14 reviews
David Colborne
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June 29, 2025
"The Lords of Finance," a book about the four most powerful investment bankers and how they responded to changing economic conditions in the 1920s and 1930s, shouldn't be half as engaging as it is. Ahamed does an excellent job of bringing the Great Depression and the inevitable failure of the gold standard to life by bringing the people responsible to life.
behrouz yaghmaeian
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September 7, 2026
مادر هرچی ایرانیه سگ گایید تنظیمات گوشی منو عوض نکن بیناموس فیس بوک و اینستاگرام من کو من اجازه ندادم به‌گوگل به اس ام اس و کالم دسترسی داشته باشه خونه زندگی من کو کس مادرا من دارو نمیخوام‌خونه میخوام پول میخوام کارای کیریتون با صاحب کارای کیریتون و نمیخوام مادر سگ اگه آدم دوست و خونواده و وطن داشته باشه تو خیابون نمیخوابه بهش دارو بدن بیناموس تو خیابون دوای کیر و خایه بهش نمیدن موقع رانندگی بهش دارو نمیدن آدم دوست و خونواده دار یه شب بیرون میخوابه نه یه سال یه کار عوض میکنه نه صدتا
Rizky Maryadi
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August 1, 2020
Give me a new insight about what happened in 1929 and also the story, drama, etc. This book really make it so compelling to read.
1 person found this review helpful
About the author
Liaquat Ahamed has been a professional investment manager for 25 years. He has worked at the World Bank in Washington D.C. and the New York based partnership of Fischer Francis Trees and Watts, where he served as Chief Executive. He is currently an adviser to several hedge fund groups, including the Rock Creek Group and the Rohatyn Group, is a director of Aspen Insurance Co. and is on the board of Trustees of the Brookings Institution. He has degrees in economics from Harvard and Cambridge Universities.
Liaquat Ahamed has been a professional investment manager for 25 years. He has worked at the World Bank in Washington D.C. and the New York based partnership of Fischer Francis Trees and Watts, where he served as Chief Executive. He is currently an adviser to several hedge fund groups, including ...
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