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Why Everyone Owes Everyone and No One Can Pay

By John Lanchester
15-minute read
I.O.U.: Why Everyone Owes Everyone and No One Can Pay by John Lanchester

In I.O.U., author John Lanchester explains how the 2008 economic collapse occurred, and critically, why nobody saw it coming. With an analysis that delves into the workings of our global financial system, the book shows how greed, confusion and irresponsibility brought the economy to its knees.

  • Anyone interested in the economics of derivatives
  • Anyone who wants to better understand the cause of the financial crisis
  • Anyone interested in the free-wheeling days in the banking sector

John Lanchester is an award-winning journalist and novelist. His work has appeared in The New York Times, The New Yorker, The Guardian and other publications. In 2012, he published Capital, a novel about the financial collapse.

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