The Return of Depression Economics

Average vote of 111
| 6 total contributions of which 6 reviews , 0 quotes , 0 images , 0 notes , 0 video
Surely the Great Depression could never happen again. Or could it? One of the world's top economists gives us a sobering tour of the global economic crises of the last two years. Today, the terrible tragedy of the Great Depression looks gratuitous an ...Continua
Ha scritto il 20/12/10
If you are interested in the previous recessions in different regions for the past three decades, this is the book you should read. The author uses simple English to give you a general understanding. But somehow the writing is too simple that it does ...Continua
Ha scritto il 11/09/10
Great book! Krugman uses a very simple and direct approach to explain most depressions in history. Very easy to understand.

However, there isn't deep analysis into one single depression, and I really wish that will happen.

Overall,
...Continua
Ha scritto il 30/06/09
He is a thorn under Obama's skin even though he is a liberal Democrat. Very interesting read.
Ha scritto il 13/04/09
The return of Keynesian Depression Economics
The author has successfully impressed me the importance of the depression economy theory with cases of economic depression in the 30's, 70's, 80's and 90's in US, Japan, South America and Asia.

He explained the background for the over-optimis

He explained the background for the over-optimistic view of US (and global) economists and government towards control of depression via monetary policy and regulation of financial institution.

He then explained the rise of the interesting "shadow bank sector" -- derivative financial instruments that bear the functions of banks and yet
are beyond the "boring" regulatory system. The shadow bank sector combined with the globalization of financial market to crush the stability of the global financial systems.

The author has made many reference to the Keynesian economic theory. ...Continua

Ha scritto il 24/02/09
In the current situation it appears that if the fed. and the gov. read this when it was first published we may have averted the housing bubble and financial crisis. Oh well the Nobel is a good consolation, and a big "I told you so" for Krugman

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