The Return of Depression Economics
Understanding Economic Crises and Their Implications
Format:Paperback
Publisher:Penguin Books Ltd
Published:4th Dec '08
Should be back in stock very soon
Paul Krugman's The Return of Depression Economics examines how modern financial crises mirror those of the past, emphasizing the need for effective regulation to avoid disaster.
In The Return of Depression Economics, Paul Krugman explores the parallels between contemporary economic crises and the events leading to the Great Depression. He argues that the financial turmoil experienced in the late 2000s is reminiscent of the failures that precipitated the 1930s disaster. The author meticulously examines the crises that swept through Asia and Latin America, positing that these events serve as critical warnings for today's global economy. By drawing these connections, Krugman highlights the importance of understanding historical economic patterns to prevent future catastrophes.
Krugman, a Nobel Prize-winning economist, emphasizes the role of inadequate regulation in allowing the financial system to spiral out of control. He contends that the United States, much like developing nations during past crises, was unprepared for the fallout from the housing bubble's burst. This updated edition of The Return of Depression Economics not only revisits these themes but also outlines the necessary steps to mitigate the ongoing crisis. Through his clear and engaging writing style, Krugman makes complex economic concepts accessible to a broad audience.
Ultimately, The Return of Depression Economics serves as both a warning and a guide. Krugman urges readers to take heed of the lessons learned from history, advocating for proactive measures to stabilize the economy and avert a deep recession. This book is a vital contribution to the ongoing discourse surrounding economic policy and crisis management.
ISBN: 9781846142390
Dimensions: 198mm x 130mm x 11mm
Weight: 158g
208 pages