Liaquat Ahamed

Liaquat Ahamed

Esteemed investment manager and Pulitzer Prize–winning author, whose new book, The Rothschilds, revisits the first truly global financial crisis through the pioneering European banking dynasty at its center.

Liaquat Ahamed is an esteemed investment manager and Pulitzer Prize–winning historian who humanizes central bankers, showing how personality, ideology, and pride shape macroeconomic outcomes, not just models.

Ahamed’s new book, 1873: The Rothschilds, the First Great Depression and the Making of the Modern World (June 2026), revisits the first truly global financial crisis through the pioneering European banking dynasty at its center. He will bring to the Sonoma stage a fresh perspective about how that 19th‑century bust rhymes with our own era of high debt, speculative surges, and shifting great‑power balances.

Ahamed is best known for his landmark study of central bankers and the Great Depression, Lords of Finance: The Bankers Who Broke the World. His work stands out for combining archival depth, narrative elegance, and a practitioner’s understanding of global finance, which has made him an influential voice in discussions of economic crises and policy. In addition to winning the 2010 Pulitzer Prize for History, his first book won the Financial Times–Goldman Sachs Business Book of the Year Award, and the Council on Foreign Relations’ Arthur Ross Gold Medal. 

Ahamed later published Money and Tough Love: On Tour with the IMF, a shorter work that illuminates the culture, constraints, and political dilemmas of the International Monetary Fund, further cementing his role as an interpreter between the worlds of technocratic institutions and the general public. He is a frequent contributor to the New York Times, the Financial Times, and Foreign Affairs.​

Ahamed holds degrees in economics from Cambridge University and Harvard. He spent more than two decades leading the World Bank’s institutional investment division and later the BNP Paribas subsidiary Fischer Francis Trees & Watts. He has served on the board of trustees of the Brookings Institution, he chairs the Sun Valley Writers’ Conference, and has been involved with the New America Foundation. He was also one of the producers of the 2006 Iraq War film, The Situation.

For readers and policymakers alike, Ahamed’s writing offers both a cautionary tale and a measured optimism that, with historical memory and intellectual humility, the worst financial catastrophes can be better understood—and perhaps more prudently managed. His blend of cross‑continental upbringing, elite education, frontline experience in global finance, and narrative talent has given him a distinctive voice: empathetic toward policymakers, yet unsparing in tracing how misjudgments can cascade into worldwide crisis. 

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