Charles Read new book calming the storms

The latest book from Dr Charles Read, an Affiliated Lecturer in our Faculty of Economics is ‘Calming the Storms: the Carry Trade, the Banking School and British Financial Crises since 1825’.

It has been reviewed in the Cambridge Independent, which calls it an intriguing analysis of how British banking has conducted itself when faced with financial crises, and says the astonishingly erudite author has already staked a claim to be Cambridge’s avatar economist for the 21st century.

In the book Dr Read reinterprets Keynes’ famed “In the long run we are all dead” remark to great effect, suggesting that it referred not to deficit financing (as was widely assumed), but to the limitations of the quantity theory of money.