The Return of Depression Economics and the Crisis of 2008

The Nobel Prize-winning economist author of The Conscience of a Liberal explains how today's depression-like recession was caused by a failure of regulation to keep pace with problematic financial systems, suggesting how to reverse the crisis to prevent larger global problems. **Reprint.

Auteur

Paul Krugman, recipient of the 2008 Nobel Prize in Economics and best-selling author, has been a columnist at The New York Times for twenty years. A Distinguished Professor at City University of New York, he lives in New York City.

Texte du rabat

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.

Résumé
In this "New York Times" bestseller, a Nobel Prize-winning economist shows how today's crisis parallels the Great Depression, and explains how to avoid catastrophe. This edition features a new Foreword.