Book Presentation

The subprime mortgage crisis has already wreaked havoc on the lives of millions of people and now it threatens to derail the U.S. economy and economies around the world. In The Subprime Solution, economist Robert Shiller explains how this crisis occurred and he also puts forward bold measures to solve it. He calls for an aggressive response; a restructuring of the institutional foundations of the financial system that will not only allow people once again to buy and sell homes with confidence, but will create the conditions for greater prosperity in America and throughout the deeply interconnected world economy.

Robert J. Schiller is the Arthur M. Okun Professor of Economics at Yale University. He is the best-selling author of Irrational Exuberance and The New Financial Order.

This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book.  This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.