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The Return of Depression Economics

By Paul R. Krugman

(42)

| Paperback | 9780393320367

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Book Description

Surely the Great Depression could never happen again. Or could it? Today, the tragedy of the Great Depression looks gratuitous and unnecessary: Our economists and policy makers simply have gained too much experience since then. It could never happen again. Or could it? Over the course of the last twContinue

6 Reviews

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 not provoke my any new thinking. That is why I on ... (continue)

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 not provoke my any new thinking. That is why I only give it a 3-star rating.

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Waleswong said on Dec 20, 2010 about the Others edition | Add your feedback

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, a very good book to read, full of facts and economics to learn. D ... (continue)

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, a very good book to read, full of facts and economics to learn. Depression economics is bACK!

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Lyoeleex said on Sep 12, 2010 about the Others edition | Add your feedback

He is a thorn under Obama's skin even though he is a liberal Democrat. Very interesting read.

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ProfT said on Jun 30, 2009 | Add your feedback

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-optimistic view of US (and global) economists and governm ... (continue)

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-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.

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SC Leung said on Apr 13, 2009 about the Others edition | Add your feedback

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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Marko 45142 said on Feb 25, 2009 about the Others edition | Add your feedback

A very good, easy to understand, introduction to the causes of recessions and depressions.

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pktechgirl said on Jan 1, 2009 about the Others edition | Add your feedback