The Return of Depression Economics and the Crisis of 2008

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W. W. Norton & Company, Sep 8, 2009 - Business & Economics - 224 pages
4 Reviews

The New York Times bestseller: the Nobel Prize–winning economist shows how today’s crisis parallels the Great Depression—and explains how to avoid catastrophe. With a new foreword for this paperback edition.

In this major bestseller, Paul Krugman warns that, like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression have made a comeback. He lays bare the 2008 financial crisis—the greatest since the 1930s—tracing it to the failure of regulation to keep pace with an out-of-control financial system. He also tells us how 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 has become an instant classic. A hard-hitting new foreword takes the paperback edition right up to the present moment.
 

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Great Read

User Review  - MR.AutoGlass22 - Borders

Paul Krugman displays macroeconomic failures as smoothly as possible. Although we have gone through so many currency failures around the world, our experience from the first depression has helped us ... Read full review

History Repeats Itself

User Review  - Anonymous - Borders

Paul Krugman did a great job on this book! one of the things I like about him is that he writes about economics like he is writing for his Economics-1 class: his explanations are easy to understand ... Read full review

Contents

INTRODUCTION
3
THE CENTRAL PROBLEM HAS BEEN SOLVED
9
LATIN AMERICAS CRISES
30
JAPANS TRAP
56
ASIAS CRASH
77
POLICY PERVERSITY
101
MASTERS OF THE UNIVERSE
119
GREENSPANS BUBBLES
139
BANKING IN THE SHADOWS
153
THE SUM OF ALL FEARS
165
THE RETURN OF DEPRESSION ECONOMICS
181
THE GREAT RECESSION
193
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About the author (2009)

Paul Krugman is the recipient of the 2008 Nobel Prize in Economics. He is a best-selling author, columnist, and blogger for the New York Times, and is a professor of economics and international affairs at Princeton University.

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