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The Return of Depression Economics and the Crisis of 2008 Paul Krugman (City University of New York)

The Return of Depression Economics and the Crisis of 2008 By Paul Krugman (City University of New York)

The Return of Depression Economics and the Crisis of 2008 by Paul Krugman (City University of New York)


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Summary

Our newest Nobel Prize-winning economist shows how today's crisis parallels the events that caused the Great Depression-and explains what it will take to avoid catastrophe.

The Return of Depression Economics and the Crisis of 2008 Summary

The Return of Depression Economics and the Crisis of 2008 by Paul Krugman (City University of New York)

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.

About Paul Krugman (City University of New York)

Paul Krugman, recipient of the 2008 Nobel Prize in Economics and best-selling author, has been a columnist at The New York Times for twenty years. A Distinguished Professor at City University of New York, he lives in New York City.

Additional information

GOR002357148
9780393071016
0393071014
The Return of Depression Economics and the Crisis of 2008 by Paul Krugman (City University of New York)
Used - Very Good
Hardback
WW Norton & Co
20081119
288
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

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