# Lord Mervyn King's new book, "The End of Alchemy," is reviewed

1 Faculty News March 4, 2016 ![The Telegraph logo](/sites/default/files/styles/246w/public/assets/images/con_030730.jpg?itok=e3z8lcuP)>

Excerpt from [The Telegraph](http://www.telegraph.co.uk/books/what-to-read/the-end-of-alchemy-by-mervyn-king-review-banks-are-the-achilles/) -- "Part-memoir, part-policy missive, [King](http://www.stern.nyu.edu/faculty/bio/mervyn-king)’s chunky 430-page volume isn’t just an elegant guide to the history of economic ideas. It also gives a genuine insider’s account of how, following relative prosperity before Western banks began imploding in 2007, 'within little more than a year, what had been viewed as the age of wisdom was seen as the age of foolishness'."

[Read more](http://www.telegraph.co.uk/books/what-to-read/the-end-of-alchemy-by-mervyn-king-review-banks-are-the-achilles/)