The Return of Depression Economics and the Crisis of 2008 | 
 enlarge | Author: Paul Krugman
Publisher: Norton
Category: EBooks
List Price: $21.95
Buy New: $9.99
You Save: $11.96 (54%)
Rating:  2 reviews
Sales Rank: 71
Format: Kindle Book
Media: Kindle Edition
ASIN: B001L26LCM
Publication Date: November 13, 2008
Availability: Usually ships in 24 hours
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Product Description
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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Masterfully illuminating December 28, 2008
1 out of 2 found this review helpful
For anyone who wants to understand the origins and nature of the world's current financial crisis, Mr. Krugman does an excellent job explaining it all. From dissecting the anatomy of modern day currency crises, to revealing the alchemy of CDO's, you don't have to be an economist to understand what has happened here, as Paul does a masterful job revealing our unfortunate situation. This book reads like a true life suspense novel that we realize will impact us for years to come...
One of the most important general economics books in years December 28, 2008
Jesse Liberty (MA USA)
2 out of 3 found this review helpful
Krugman has written a number of accessible and important books that are well worth reading, (for example: The Accidental Theorist and Other Dispatches from the Dismal Science ) but this book is so well timed, so well written, and so important that it is hard to overstate its impact.
It would be easy to dismiss this book as "cashing in" on the current crisis were it not for the fact that he originally wrote the book in response to the Asian financial crisis nine years ago, and this is just a new updated edition. The difference is that now folks are listening.
Whatever your politics, it is hard to dismiss Krugman's credentials or his reasoning and if you are serious about understanding the current economic situation this book is required reading.
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