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<p class="null1">The compelling and authoritative story of the financial destruction of Iceland—a saga that mirrors, in microcosm, the forces that caused the global economic crisis.</p> <p>The economic crisis that emerged in America in 2008 unleashed a veritable epidemic of ill health around the world. However it was Iceland, whose population of three hundred thousand had the world’s highest GDP per capita and counted itself the happiest of countries, that caught the worst cold. It has nearly killed them.</p> <p>No story from the economic crisis of 2008 is more evocative than I celand’s. The names may be unfamiliar—Johanesson, Bjoergolfsson, Oddsson—but their exuberance, greed, and miscalculation have many counterparts on our shores. And however traumatic the collapse of individual companies may be in the United States, in Iceland’s case an entire country melted down. All the wealth accumulated in the previous decade—during which a new breed of Icelanders had dared to believe they could compete economically on an international level, during which Reykjavik became the Capital of Cool—disappeared practically overnight. Iceland’s story shows how closely the world economy is interconne

Author

Roger Boyes

Publisher

Bloomsbury Publishing USA

Published

2009

Language

EN

ISBN

9781408802335

Subjects

Economics, History, Political Science

Rating

3.37 / 5 (75 ratings)

Updated

2026-03-14