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The Return of Depression Economics and the Crisis of 2008 (Hardcover)
by Paul Krugman
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Banking, Economics |
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Author: Paul Krugman
Publisher: W. W. Norton
Pub. in: September, 2008
ISBN: 0393071014
Pages: 224
Measurements: 9.4 x 6.3 x 0.9 inches
Origin of product: USA
Order code: BA01747
Other information: ISBN-13: 978-0393071016
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Paul Krugman is the recipient of the 2008 Nobel Prize in Economics. He writes a twice-weekly op-ed column for the New York Times and a blog named for his 2007 book, The Conscience of Liberal. He teaches economics at Princeton University.
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From publisher
In 1999, in The Return of Depression Economics, Paul Krugman surveyed the economic crises that had swept across Asia and Latin America, and pointed out that those crises were a warning for all of us: like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression were making a comeback. In the years that followed, as Wall Street boomed and financial wheeler-dealers made vast profits, the international crises of the 1990s faded from memory. But now depression economics has come to America: when the great housing bubble of the mid-2000s burst, the U.S. financial system proved as vulnerable as those of developing countries caught up in earlier crises and a replay of the 1930s seems all too possible.
In this new, greatly updated edition of The Return of Depression Economics, Krugman shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States, and the world as a whole, up for the greatest financial crisis since the 1930s. He also lays out the steps that must be taken to contain the crisis, and turn around a world economy sliding into a deep recession. Brilliantly crafted in Krugman's trademark style-lucid, lively, and supremely informed-this new edition of The Return of Depression Economics will become an instant cornerstone of the debate over how to respond to the crisis.
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From a guest reviewer , USA
<2009-05-05 00:00>
It is a must read for everyone who wants to have some understanding of what is going on in our economic crisis. It is the best book there is on the subject which is written in ways laymen can understand. Overall, I think Paul Krugman understands the issues relating to our economic problem better than anyone around today. It is truly regrettable that he is not formulating the master economic rescue policies for our government right now. |
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