The Return of Depression Economics and the Crisis of 2008
by Paul Krugman
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Book Summary Information
Author: Paul KrugmanEdition: Paperback
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2009-09-08
ISBN: 0393337804
Number of pages: 224
Publisher: W. W. Norton & Company
Book Reviews of The Return of Depression Economics and the Crisis of 2008
Book Review: Excellent overview of economic crises since the great depression
Summary: 5 Stars
The short 191 page book is a great overview of the world's economic crises since the great depression. It explained the different causes of economic crises in the Latin America, Japan, Thailand, Korea, Malaysia, UK, Hong Kong and the U.S. It discussed the roles of non-bank banks played in causing the present crisis. It is an easy and interesting read, especially for a book about economy. The book does not provide any specific suggestions for preventing a crisis from happening again. Like many of the reviewers have pointed out that the book is not very deep and lacks references. It is however, an excellent starting point for general readers that are interested in learning more about the causes of economic crises and strategies used for boosting recoveries. It is obvious to every hard working individuals now that one can no longer leave the decisions of economic policies to the economists, bankers and politicians. In the age of globalized economy and the internet, things are moving so fast and so inter-dependent, no one can maintain one's life style without an understanding of what is really happening in the financial markets and the world economy.
Summary of The Return of Depression Economics and the Crisis of 2008
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.Economics Books
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