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Publisher Description

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.

Business & Personal Finance
September 8
W. W. Norton & Company
W.W. Norton & Company, Inc.

Customer Reviews

Crayswede2546 ,

An Incisive Synthesis of the Problems We Face Guided by the Problems We Faced

Krugman draws on his lifetime of economic knowledge exploration to deliver a clear, complete, concise, and compelling account of the financial and economic challenges of the existing environment. Often we preocupy ourselves with the details while it is the primary organizing themes that matter most, if only we can properly identify them. Krugman does just that in a very readable fashion (for an economics nobel laureate).

parkslope13 ,

The Return of Depression Economics and the Crisis of 2008

A very conceptual work. It would help to have an update added to it as the crisis unfolds. However, the observations by the author seem to track subsequent developments fairly well. Mr. Krugman is among a handful of economists who can see through all of the noise and make sense of what is happening and why and what must be done.

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