About this item
In the aftermath of the Financial Crisis, many commonly held beliefs have emerged to explain its cause. Conventional wisdom blames Wall Street and the mortgage industry for using low down payments, teaser rates, and other predatory tactics to seduce unsuspecting home owners into assuming mortgages they couldn’t afford. It blames average Americans for borrowing recklessly and spending too much. And it blames the tax policies and deregulatory environment of the Reagan and Bush administrations for encouraging reckless risk taking by wealthy individuals and financial institutions. But according to Unintended Consequences, the conventional wisdom masks the real causes of our economic disruption and puts us at risk of facing a slew of unintended—and potentially dangerous—consequences.
About the Author
Edward "Ed" Conard is the author of two top ten New York Times bestselling books: "The Upside of Inequality: How Good Intentions Undermine the Middle Class" and "Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong." He is a visiting scholar at the American Enterprise Institute. Previously, he was a founding partner of Bain Capital, where he worked closely with his friend and colleague, former presidential candidate Mitt Romney.
In May of 2012, Conard published Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong. The book was featured on the cover of the New York Times Sunday Magazine and went on to become a New York Times top ten non-fiction bestseller. Because of the publicity surrounding the publication of his book, Conard was the tenth most searched author on Google in 2012.
Since its publication, Mr. Conard has made over 100 television appearances in which he has debated leading economists including Paul Krugman, Joe Stiglitz, Alan Kruger, Austan Goolsbee, and Jared Bernstein; journalists including Jon Stewart, Fareed Zakaria, Chris Hayes, and Andrew Ross Sorkin; and politicians such as Barney Frank, Howard Dean, and Eliot Spitzer.
Prior to Bain Capital, Conard worked for Wasserstein Perella & Co., an investment bank that specialized in mergers and acquisitions, and Bain & Company, a management-consulting firm, where he led the firm's industrial practice.
Conard has a master of business administration degree from Harvard Business School and a bachelor of science degree in engineering from the University of Michigan.
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