The Return of Depression Economics and the Crisis of 2008 (Paperback)

Author: Krugman, Paul

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Product Overview

The Nobel Prize-winning economist author of The Conscience of a Liberal explains how todays depression-like recession was caused by a failure of regulation to keep pace with problematic financial systems, suggesting how to reverse the crisis to prevent larger global problems. Reprint. *Author: Krugman, Paul *Publication Date: 2009/09/08 *Number of Pages: 207 *Binding Type: Paperback *Language: English *Depth: 0.50 *Width: 5.75 *Height: 8.50


Publisher W W Norton & Co Inc
Mfg Part# 9780393337808
SKU 211227263
Format Paperback
ISBN10 0393337804
Release Date 9/8/2009
Dimensions (in Inches) 8.5H x 5.75L x 0.5T
Author Info
Paul Krugman
Professor Paul Krugman has two careers, and is influential in both. In his role as economist, he researches and writes on the theory of international trade; as a popular columnist--for Fortune, Slate, and the New York Times--he has written with insight and passion on current events, and has often brought the same clarity to that as to his more formal research.||As a young man growing up on Long Island in the '50s and early '60s, Krugman enjoyed science fiction, especially Isaac Asimov's Foundation trilogy. He wanted to be a psychohistorian, but, he writes, "unfortunately there's no such thing." Krugman got his Ph.D. from MIT in 1977, taught at Yale University , and moved to Washington to work for the Council of Economic Advisors in the Reagan administration. He was philosophically at odds with many of his conservative colleagues, but it was there that he learned everything, good and bad, that there was to know about policymaking. ||Krugman left Washington to spend the '80s doing serious research, writing papers, and preparing a textbook called THE AGE OF DIMINISHED EXPECTATIONS, basically a primer on economics. In 1991, Krugman was awarded the prestigious John Bates Clark Medal for his contributions to economic thought. A frequent outsider, Krugman was, in the '90s, on the outs with the Clinton administration--payback, it is said, for having criticized Robert Reich years earlier. In Krugman's view, the administration was run by pop economists. ||By then, Krugman was beginning to maker a name for himself as a writer of articles that explained the world in economic terms that could be understood by the generally educated person. He was also getting a reputation as a provocative and challenging debunker of establishment theories. He was named a New York Times columnist and his twice-weekly column was a must-watch for pointing out the failures of the George W. Bush administration. His book CONSCIENCE OF A LIBERAL, became a best seller. In 2008, Krugman was awarded the Nobel Prize in Economics "for his analysis of trade patterns and location of economic activity."
"Columnist and academic Paul Krugman is God of All Economic Thought in some Democratic literary and political circles. This midsize volume shows why. Krugman's facility both with arcane details and with vast unified explanations boils down complexity so much that the reader often wonders: Why didn't I see it that way myself?...In the end, this book's best contribution may be Krugman's bottom line that just as smaller economies found their way back, there are specific technical steps--better regulation, more spending--that could still turn the US economy around."
From the Publisher
Annotation Nobel Prize-winning economist Paul Krugman updates and expands his prescient 1999 work, THE RETURN OF DEPRESSION ECONOMICS, adding his take on the financial crises of the 21st century. This is, in effect, a new work, with lessons that are even more pointed than in a decade previous.
Editors Note 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.
Product Attributes
eBooks Kobo
Book Format Paperback
Number of Pages 0207
Publisher W. W. Norton & Company

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