The Return of Depression Economics and the Crisis of 2008
Now in Paperback with a New Epilogue
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.
"Nobody who writes about economics does it better than Paul Krugman." —Washington Post
"The man best able to explain the economic maelstrom." —San Francisco Chronicle
"Reading Paul Krugman always makes me feel like a smarter person and a better citizen. As an economist with a common touch, he shares the ability with a couple of other specialized authors--Stephen Jay Gould and Carl Sagan--to make clear some very complicated concepts from a specialized subject area, and to make the reader enjoy the experience." —Susan Gardner, Daily Kos
"Excellent...Reading Krugman as he glances over the economic history of the past several decades is both enjoyable and thought-provoking." —Floyd Norris, New York Times Book Review