Why Everyone Owes Everyone and No One Can Pay

Publisher: Emblem Editions
Witty, gritty and wise, a brilliant novelist takes on the world's economic meltdown in a book that will define the crisis.

The wildest story in the world these days is not fiction, it's what's really happening all around us as the world's global economy has gone into freefall. How did we get here? What does it all mean? How could so many smart people be so dumb and believe their own hype? Accessibly, cleverly, and with mordant humour, Lanchester trots the globe in search of the answers to these questions — to Iceland, the scene of catastrophic bank collapse, to Hong Kong, the city of his birth built at the altar of free-market capitalism, to the high-stakes leveraging of Wall Street and to the tragedy of lost homes in small-town America. And in his capable hands, we see and understand what went wrong and why. Lanchester believes that this crisis gives us an opportunity to bring about much-needed change and that a stonger and more compassionate system can emerge from the wreckage. This is the book that people will still be reading a generation from now, as we read Galbraith's brilliant analysis of the Great Depression.

From the Hardcover edition.


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Praise for John Lanchester:
"A witty storyteller with an assured touch for narrative pacing."
The New York Times Book Review

"Among the best youngish novelists around."
The Guardian

"[Lanchester is] never less than disarmingly readable."
— Salon.com

"A deeply introspective writer."
Globe and Mail

"Lanchester's writing is to be savored."
Library Journal

"The talented London novelist is someone you could read forever for his sense of place, his acuity about human strangeness, his clarity and intelligence."
Toronto Star

From the Hardcover edition.