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The Finance Curse: How Oversized Financial Sectors Attack Democracy and Corrupt Economics

Penned By Nicholas Shaxson
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The Finance Curse: How Oversized Financial Sectors Attack Democracy and Corrupt Economics

Penned By Nicholas Shaxson
4.85 95,509 Ratings
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Editor's Note:
For many years economists have noted how countries rich in natural resources often fail to benefit from their unearned wealth. Indeed, sometimes the discovery of oil and gas can seem more like a curse than a blessing.The Finance Curse shows how countries with oversized financial sectors can suffer a similar fate. The easy money that comes from finance carries hidden costs, in form of steepening inequality, political and intellectual corruption, industrial stagnation and periodic crisis and collapse.Nicholas Shaxson, the author of Treasure Islands, and John Christensen, the director of the Tax Justice Network, explore this new paradox of plenty, and show once and for all that there's no such thing as a free lunch, and that those who believe the stories told by bankers are liable to end up on the menu.

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Released May 21, 2013
Identifier (ISBN) 19086579
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Nicholas Shaxson
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Nicholas Shaxson

After spending years working in the corporate world, Nicholas Shaxson finally decided to pursue a lifelong passion for writing. They currently reside in a quiet suburb where they spend most of their time outlining new stories, reading extensively, and occasionally attempting to bake.

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Robert Brown
Robert Brown April 11, 2025
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"Exceeded all my expectations. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. I am now a lifelong fan of this author."
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Brian Perez
Brian Perez May 11, 2024
"Exceeded all my expectations. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. I will undoubtedly revisit this masterpiece."
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"Masterpiece from start to finish. The prose is exquisite. It’s accessible yet undeniably sophisticated. Worth every moment spent reading."
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"Masterpiece from start to finish. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. An effortless 5 stars."
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"Took a moment to build, but the payoff was spectacular. The middle had a deliberate pace, but the climax was phenomenal. Quite impressive overall."
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Lisa Torres
Lisa Torres March 12, 2025
"I was completely blown away. The author orchestrated a breathtaking finale. Truly a work of art. I will undoubtedly revisit this masterpiece."
Kimberly Young
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"Masterpiece from start to finish. I became deeply invested in the protagonist's journey. A masterclass in storytelling. I will undoubtedly revisit this masterpiece."
Elizabeth Garcia
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"Such a rich narrative. I became deeply invested in the protagonist's journey. A masterclass in storytelling. An absolute must-read for connoisseurs of the genre."
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"Took a moment to build, but the payoff was spectacular. Beautiful writing, though I craved slightly more depth in the lore. Still, undeniably engaging. Quite impressive overall."
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Daniel Hernandez
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"I was completely blown away. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. Worth every moment spent reading."
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