Six Months of Panic: How the Global Financial Crisis Hit Australia by Trevor Sykes (A&U) has won this year's Ashurst Business Literature Prize, previously known as the Blake Dawson Business Literature Prize.
Sykes was presented with the $30,000 prize at a presentation dinner in Sydney on 15 March.
Sykes' book, which examines the effect of the Global Financial Crisis on Australia, was selected from a shortlist of four titles, which included Into the Woods: The Battle for Tasmania's Forests (Anna Krien, Black Inc.), Breaking the Sheep's Back: The Shocking True Story of the Decline and Fall of the Australian Wool Industry (Charles Massy, UQP), and Freehills: A History of Australia's First National Law Firm (Suzanne Wellborn, UNSW Press). The judging panel described Sykes' work as 'superbly written' and said that Sykes 'has undertaken a sophisticated analysis and provided intriguing and entertaining insights' into the Global Financial Crisis and its impact on Australian business.
The Blake Dawson Business Literature Prize, established in 2004 by the Blake Dawson law firm and the State Library of New South Wales, was renamed the Ashurst Business Literature Prize this month, following the rebranding and amalgamation of Blake Dawson with Ashurst law firm.
The prize is presented each year to encourage literary commentary on Australian business and financial affairs. In 2011, the prize was awarded to Who Wants to Be a Billionaire? The James Packer Story by Paul Barry (A&U). More information about the prize can be found online here.