Atif Mian is Theodore A. Wells '29 Professor of Economics and Public Affairs at Princeton University, and Director of the Julis-Rabinowitz Center for Public Policy and Finance at the Woodrow Wilson School. He holds a bachelors degree in Mathematics with Computer Science and Ph.D. in Economics from MIT. Prior to joining Princeton in 2012 he taught at the University of California, Berkeley and the University of Chicago Booth School of business. Professor Mian's work studies the connections between finance and the macro economy. His latest book, House of Debt, with Amir Sufi builds upon powerful new data to describe how debt precipitated the Great Recession. The book explains why debt continues to threaten the global economy, and what needs to be done to fix the financial system. House of Debt is critically acclaimed by The New York Times, Financial Times, The Wall Street Journal,The Economist, and The Atlantic among others. Professor Mian's research has appeared in top academic journals, including the American Economic Review, Econometrica, Quarterly Journal of Economics, Journal of Finance, Review of Financial Studies and Journal of Financial Economics.
FT/McKinsey Business Book Of The Year 2014 - Shortlisted
"It is all too easy to get wrapped up in the glamour and squalor of financial maneuvers. One forgets that the financial system is useful only to the extent that it makes the everyday economy of production, employment, consumption and capital formation work better, and avoids doing harm. Mian and Sufi do not make this mistake. Their principles and their very ingenious research keep the focus where it belongs. They tell a powerful story about excessive debt that any reader can understand, they nail it down with careful use of data, and they have serious ideas about how to make the system better and safer. It is a splendid book.”
- Robert M. Solow, Nobel Laureate, Institute Professor, Professor of Economics at MIT
"likely to be the most important economics book of 2014 ... the most important book to come out of the 2008 financial crisis ... in many ways a model for what economists should do"
"the leading experts on this subject are the economists Atif Mian and Amir Sufi"
"The jewel of 2014 is House of Debt by Atif Mian and Amir Sufi ... this work will take its place in the canon of literary economic breakthroughs"
"a concise and powerful account of how the great recession happened and what should be done to avoid another one"
- The Economist
"brilliant new book"
"a profoundly important book"
"illuminating insight into the dangers of collateralized finance"