Changing the world one mistake at a time

Mundum mutatu errore singillatim

Our Mission

The Library of Mistakes Lausanne is a Swiss charitable Foundation based in Lausanne whose aim is to promote the study of financial history.

Picture taken in the main Library of Mistakes in Scotland.


In recent years financial education has focused on the power of the equation to explain economic and financial forces. This distillation of complex forces into faux objectivity has created dangerous errors in financial understanding.

That objectivity has only been attained with the use of assumptions which do not hold in the real world. The Library of Mistakes exists to allow students, professionals and members of the general public to study financial history to understand how finance has worked, rather than how it should work if key unrealistic assumptions are made.

If Einstein is right and the sign of madness is to do the same thing over again expecting a different result, then a study of financial history may help to reduce financial madness.

By studying financial history we hope to improve financial understanding one mistake at a time.

There is a Keeper of the Library of Mistakes whose role is to ensure that the library grows to become the world’s best business and finance library. If you would like to contribute to meeting this goal, please contact the Keeper.

If you would like to know more about the books in the collection and how they are organised please contact the Librarian.

What do we offer?


Readers gain access to our physical library in the centre of Lausanne, placed at the very heart of French-speaking Switzerland.

The Library of Mistakes provides internet access for visiting readers, including password protected wi-fi access.

A great library contains the diary of the human race.

George Mercer Dawson

Why Should You Visit The Library of Mistakes?

Comprehensive Collection

A comprehensive collection of books and other materials related to business and finance and our failure to learn the lessons of the past.

Relaxed Setting

We welcome everyone – financial scholars, researchers, the retired, students and enthusiasts to our peaceful reading rooms.

Worldwide Coverage

Our collection addresses all the countries of the world.

Email facility

You can email scanned documents to yourself or a colleague within the limits of copyright law.

Classified Collection

We have split our collection to help you navigate the world’s business and financial history.

Opening Hours

Library open 0900-1700 Monday-Friday. We follow the holiday schedule of the Canton of Vaud, Switzerland.

Best Business and Finance Reference Library

Our new library is growing and aims to provide the world’s best finance and business reference library.

Online catalogue

Explore our collection online and verify we have the books you need before you come to visit.