This book - a chronology of the development of the global economic crisis - consists of two parts, written at intervals of a year. In a piece dated 2008, world-renowned financier George Soros explores the causes of the regression, exposes the false premises on which the financial market was built, and forecasts future developments. The theory of reflexivity set forth in it is very valuable, refuting the postulate that financial markets strive for equilibrium and allowing for both their self-development and self-destruction. In the new part of the book, written in 2009 - “Reflections on the Crash of 2008 and Its Significance” - the author analyzes the dynamics of the crisis, evaluates his own investment decisions, and talks about mandatory steps to improve the situation. The book allows you to see a retrospective of events that took place in the world economics, through the eyes of a brilliant financier and will certainly be of interest not only to specialists, but also to everyone who follows the vicissitudes of the development of coisis.