Bull Market for Books on Economic Disaster
Associated Press
Sep 25, 2008
NEW YORK - The crisis on Wall Street has been good for books about financial disasters.
"When the world seems to be ending, people still turn to books for help," says Nancy Sheppard, vice president of marketing at Viking, publisher of Kevin Phillips' "Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism," one of several such works getting a boost in sales.
According to Viking, "Bad Money" sold 5,000 copies in the two days following Phillips' appearance Friday on Bill Moyers' PBS program. As of Wednesday night, the book was in the top 20 on Amazon.com's best-seller list.
Other popular titles include Naomi Klein's "The Shock Doctrine: The Rise of Disaster Capitalism," David M. Smick's "The World is Curved" and a classic from decades ago, John Kenneth Galbraith's "The Great Crash 1929."
Also Wednesday, Penguin Press announced that financial writer Roger Lowenstein is working on "Six Days That Shook the World," a "probing look" at this week's events from the author of "Buffett: The Making of an American Capitalist" and "When Genius Failed: The Rise and Fall of Long-Term Capital Management."
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Copyright 2008 by Associated Press
