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The Return Of Depression Economics And The Crisis Of 2008
Paul Krugman
W.W. Norton
December 2008
On Sale: December 8, 2008
224 pages
ISBN: 0393071014
EAN: 9780393071016
Hardcover
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Non-Fiction
In 1999, in The Return of Depression Economics, Paul
Krugman surveyed the economic crises that had swept across
Asia and Latin America, and pointed out 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, 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 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
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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