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End This Depression Now!
by Paul R. Krugman

Overview - How bad have things gotten? How did we get stuck in what now can only be called a depression? And above all, how do we free ourselves? Krugman pursues these questions with his characteristic lucidity and insight. He has a powerful message for anyone who has suffered over these past four years a quick, strong recovery is just one step away, if our leaders can find the "intellectual clarity and political will" to end this depression now.  Read more...

 
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More About End This Depression Now! by Paul R. Krugman
 
 
 
Overview
How bad have things gotten? How did we get stuck in what now can only be called a depression? And above all, how do we free ourselves? Krugman pursues these questions with his characteristic lucidity and insight. He has a powerful message for anyone who has suffered over these past four years a quick, strong recovery is just one step away, if our leaders can find the "intellectual clarity and political will" to end this depression now. "

 
Details
  • ISBN-13: 9780393088779
  • ISBN-10: 0393088774
  • Publisher: W. W. Norton & Company
  • Publish Date: April 2012
  • Page Count: 259


Related Categories

Books > Political Science > Political Economy
Books > Business & Economics > Economic Conditions
Books > Political Science > Public Policy - Economic Policy

 
Publishers Weekly Reviews

Publishers Weekly® Reviews

  • Reviewed in: Publishers Weekly, page .
  • Review Date: 2012-04-23
  • Reviewer: Staff

Krugman (Fuzzy Math), winner of the 2008 Nobel Prize in Economics, takes an edifying and often humorous journalistic approach to the current economic crisis in this accessible and timely study. Rather than provide a mere postmortem on the 2008 collapse (though relevant history lessons are provided), Krugman aims to plot a path out of this depression. He maintains that "We are suffering from a severe overall lack of demand;" as every purchase is also a sale, everyone's income is someone's spending , and few are currently spending. This "paradox of thrift," when everyone cuts back and tries to pay off old debt at the same time, ensures a stagnant economy—when no new debt is issued, the cycle continues, for one man's debt is another man's asset. Krugman suggests, then, that "the government spend where the private sector won't," à la FDR's workers' programs during the Great Depression. The problem, of course, arises when politics enters the equation—some view government intervention as a gateway to socialism, whereas others can't agree on appropriate "shovel-ready" projects to spend money on. Krugman has consistently called for more liberal economic policies, but his wit and bipartisanship ensure that this book will appeal to a broad swath of readers—from the Left to the Right, from the 99% to the 1%. Illus. (Apr.)

 
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