PMISV Monthly Book Club | Crisis Economics by Nouriel Roubini and Stephen Mihm

PMISV Monthly Book Club | Crisis Economics by Nouriel Roubini and Stephen Mihm

 

The Monthly Book Club is a forum for talking about books that touch on the widely varied challenges of project and program management.

 

 

 

About the Book

Crisis Economics by Nouriel Roubini and Stephen Mihm

This myth shattering book reveals the methods Nouriel Roubini used to foretell the current crisis before other economists saw it coming and shows how those methods can help us make sense of the present and prepare for the future. Renowned economist Nouriel Roubini electrified his profession and the larger financial community by predicting the current crisis well in advance of anyone else. Unlike most in his profession who treat economic disasters as freakish once-in-a-lifetime events without clear cause, Roubini, after decades of careful research around the world, realized that they were both probable and predictable. Armed with

an unconventional blend of historical analysis and global economics, Roubini has forced politicians, policy makers, investors, and market watchers to face a long-neglected truth: financial systems are inherently fragile and prone to collapse. Drawing on the parallels from many countries and centuries, Nouriel Roubini and Stephen Mihm, a professor of economic history and a New York Times Magazine writer, show that financial cataclysms are as old and as ubiquitous as capitalism itself. The last two decades alone have witnessed comparable crises in countries as diverse as Mexico, Thailand, Brazil, Pakistan, and Argentina. All of these crises-not to mention the more sweeping cataclysms such as the Great Depression-have much in common with the current downturn. Bringing lessons of earlier episodes to bear on our present predicament, Roubini and Mihm show how we can recognize and grapple with the inherent instability of the global financial system, understand its pressure points, learn from previous episodes of "irrational exuberance," pinpoint the course of global contagion, and plan for our immediate future. Perhaps most important, the authors-considering theories, statistics, and mathematical models with the skepticism that recent history warrants—explain how the world's economy can get out of the mess we're in, and stay out. In Roubini's shadow, economists and investors are increasingly realizing that they can no longer afford to consider crises the black swans of financial history. A vital and timeless book, Crisis Economics proves calamities to be not only predictable but also preventable and, with the right medicine, curable.

About the Author

Nouriel Roubini is a professor of economics at New York University's Stern School of Business. He has extensive senior policy experience in the federal government, having served from 1998 to 2000 in the White House and the U.S. Treasury. He is the founder and chairman of RGE Monitor (rgemonitor.com), an economic and financial consulting firm, regularly attends and presents his views at the World Economic Forum at Davos and other international forums, and is an adviser to cental bankers around the world.

Registration

• Required and limiting attendees. First come first serve.
• Zoom link to be distributed to registrants on the day of the event. Look for a Zoom invitation the day of the event from scotchlas@gmail.com. Feel free to set that not to go to your junk mail.

 

About the SV Monthly Book Club : 

 

List of Books for 2026 and prior years : Click Here for more information

The SV Monthly Book Club is a no-cost forum to discuss books and publications that touch on various topics about project and program management. It recurs on the 3rd Thursday each month, virtually. There is no club membership, and anyone can join the discussion forum of the month. To attend the forum, please pre-register (for free) and be sure you have pre-read the book of the month. Registration is necessary as we are limiting the number of attendees, so that everyone has a chance to express their opinion and listen to others.

This is a professional event. While we are open to opinions from all angles during the book discussions, please be respectful to the host and all attendees.

About the Event Leader

 

 

 

 

 

 

Marc Scotchlas - Event Host (Contact Marc)

Serving at Lawrence Livermore National Laboratory

Marc completed a career in the Navy and after retiring in 2018, joined Lawrence Livermore National Laboratory as Shot Director at the National Ignition Facility. After managing operations at the world’s premier laser facility that has achieved ignition, he has taken on several other challenges including recapitalizing more than twenty thousand square feet of laboratory space, saving more than $330,000. Residing in the Bay area, he is perpetually expanding his horizons.

  

Additional Information

PDU: Up to 5.0 PDU to complete the pre-reading; 1.0 to participate in the monthly meeting. PDU claim code available to attendees at end of event.

♦PDU claiming instruction

 

Recognize that PDU credit may be partial if you've read only the part of the book that you will read, or that full credit can be taken later after the discussion event is complete and you have completed the entire book.  There's no drop-dead requirement by the discussion date for reading, but the discussion is much fuller if you've read the entire book.