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The Return of Depression Economics and the Crisis of 2008

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Author:
Publisher:
Penguin Random House Audio Publishing Group
Pub. Date:
2008
Language:
English
Description
What better guide could we have to the 2008 financial crisis and its resolution than our newest Nobel Laureate in Economics, the prolific columnist and author Paul Krugman? In his prescient 1999 classic, The Return of Depression Economics , Krugman surveyed the economic crises that had swept across Asia and Latin America and pointed out that they 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. 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 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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ISBN:
9781415965092
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Grouping Information

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Grouping Titlereturn of depression economics and the crisis of 2008
Grouping Authorpaul krugman
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2020-10-26 04:17:03AM
Last Indexed2020-10-26 04:41:53AM
Novelist Primary ISBNnone

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display_descriptionNobel Prize® winning economist Paul Krugman shows how today's crisis parallels the events that caused the Great Depression - and explains what it will take to avoid catastrophe. In 1999, Paul surveyed the economic crisis that had swept across Asia and Latin America, and warned 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, Paul 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 Paul'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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title_displayThe Return of Depression Economics and the Crisis of 2008
title_fullThe Return of Depression Economics and the Crisis of 2008
title_shortThe Return of Depression Economics and the Crisis of 2008
topic_facetBusiness
Nonfiction