Free Ebook The Return of Depression Economics and the Crisis of 2008, by Paul Krugman
Free Ebook The Return of Depression Economics and the Crisis of 2008, by Paul Krugman
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The Return of Depression Economics and the Crisis of 2008, by Paul Krugman
Free Ebook The Return of Depression Economics and the Crisis of 2008, by Paul Krugman
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Review
The most celebrated economist of his generation.Krugman 's facility with both arcane details and vast unified explanations boils down complexity so much that the reader often wonders: Why didn t I see it that way myselfThe most celebrated economist of his generation. "Krugman s facility with both arcane details and vast unified explanations boils down complexity so much that the reader often wonders: Why didn t I see it that way myself? "
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About the Author
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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Product details
Paperback: 207 pages
Publisher: W. W. Norton & Company; Reprint edition (September 8, 2009)
Language: English
ISBN-10: 0393337804
ISBN-13: 978-0393337808
Product Dimensions:
5.5 x 0.6 x 8.3 inches
Shipping Weight: 6.4 ounces (View shipping rates and policies)
Average Customer Review:
4.1 out of 5 stars
182 customer reviews
Amazon Best Sellers Rank:
#109,111 in Books (See Top 100 in Books)
I enjoyed Microeconomics, History and Finance in college, but found Macroeconomics too boring, dry and subject to too much speculation for my taste. I also did not pay too much attention to the news on the economic troubles of Asia and South America in the 1980's and 90's, or to the economic policies of much of the western world that lead to the current financial crisis that started in 2008 with the collapse of Lehman Brothers. This little book explains all these connections. It is not an economics textbook, but rather an easy read for laymen like me with limited knowledge of economics, written by a Nobel prize winner and recommended by a friend economist who knows much more about the subject than I will ever dream of. It helped me understand a lot of what is going on today, why some economic remedies work for some countries but not for others, and I'm very glad I read it.
Paul managed to simplify complex economic problems in an easy way that a simple person like me can relate to it; truly amazing. Any how, this book gives you a deep look at the Asian crisis which rocketed southeast Asian countries between 1997 and 1998, and how we have missed the lessons from this problem. Mr. Krugman plays often the devils advocate; and for that me and many others love him. He has the courage to be critical and to hit where it hurts.I would love to give five star to this book however I felt that would not be honest. I hope Paul is reading this comment so he can reply back at the NY Times. I loved the example about baby-sitting; that was brilliant; however; at the beginning and at the end of the book Paul stated that the solution was printing more coupons to solve the liquidity problem. I believe he avoided discussing the issue at length because he believes a modest inflation is good. I strongly disagree; I believe inflation will hit the roof to deflate the bubble we are in. I don't believe it would be a bad thing since everything has been inflated and that will encourage exports, however, I wish if he advocated this strongly in this book.
Outstanding- Read Krugman, Stiglitz, Bernanke, Geitner Warren, Lewis, Stockman,and Barofsky and you will have a good understating of the 2008 mess. The lesson from of these thoughtful writers is that markets will not protect the public from the excesses of greedy/smart people like the ones who inhabit Wall Street. It is a sad comment that Washington cannot summon the fortitude to bring this mess under control. I guess the money (what was stolen form the markets) is just too much for Washington to do the right thing. I would not vote for any politician in any party without them certifying that they had read at least 5 of the authors.
Paul Krugman is an Economist with a common sense view of how we got into this recession and how to work our way out.This man is not a "Doomsday writer" about our economic troubles. He has a prospective which is not necessarily compatible with much of the economists in the headlines and economic pages of today.He is not a "talking head" with a pessimistic view. We are on our way up and out.I felt much better about the future after I had read this book. I liked it very much.Leon EmersonJudge, Ret.
I read Prof. Krugman's blog and column regularly, and while I don't agree with him all the time, there is no denying that he is one very smart guy. I remember economics being a rather dry subject to study back in college, but Krugman has the gift of making the subject interesting, at least in writing for the general public, and this book surely does not disappoint. It gives a very good high level explanation of the few major economic crisis in the past few decades; on top of policy, he also explains the impact on economy from the interactions, or inter-workings, between government and financial institutions. I particularly like the discussion on the currency crisis in Southeast Asia in 1997; I finally understand how it spread to Hong Kong after reading the book. Overall a great book to read; the only thing I wish for are references for more in-depth discussion.
Krugman talks about the opportunity for USA to superate cyclic crisis.He asks himself if the economic question depends only by the law of supply and domand or something happens for the financial policy.The auctor is one of better economists in the world and he prefers an idea to the other utilizing a big quantity of informations.He is ready to tell us most important questions, from the international strategies to the housewife choices.His capacity to read the minimal aspects in the market is equivalent to his influence in mass media.
This is a good book that does great job of explaining why recessions occur, what central banks can and cannot do to avoid and ameliorate the effects of recessions. The author also provides some interesting information on the size of the shadow banking in the US at the time of 2008 crisis and the role it played. You will like this book if you're ideology agnostic. My guess is that you may not agree if you're substantially center right.
Paul Krugman's book was very fun to read, educational, and has taught me more about macroeconomics than my ECON 101 course ever taught me. One thing that has always disturbed me is, why can government simply print money? And if they can simply print money, why are there ever recessions? While basic economics courses are supposed to explain that away, I was admittedly still very confused until I read Krugman's book. In a clear, concise manner, Krugman explains through histories of economic crises the role that governments and macroeconomic policies play, and what economists have learned through the decades about recessions.I highly recommend this book if you have ever been confused about why an economy can suddenly go from "golden boy" status to "the mother of all" recession, or if you have ever wondered what in the world the national banks actually do.
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