The Return of Depression Economics (Penguin Business Library)

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The Return of Depression Economics (Penguin Business Library)
by Paul R. Krugman
from Penguin Books Ltd

Customer Reviews:

• Avg. Customer Rating: 4.0 / 5.0

• Krugman is the man
  Paul Krugman definitely deserves his Nobel Prize in Economics. I do hope the new Administration will read his books before they govern in this turbulent time.

• Interesting and Educational!
  Between 1997-99 seven economies home to two-thirds of a billion experienced a slump resembling the Great Depression. Krugman uses a simplified economy (the Capital Hill co-op baby-sitting co-op) to help explain what went wrong and how to fix it.
  Mexico's "Tequila Crisis" of 1994 started with a devaluation that only went about half as far as experts believed necessary. Government credibility, further harmed by economic hanky-panky, was now damaged - it could not sell long-term bonds and had to pay 75%... more info

• Terrific, wide-ranging introduction to macroeconomics
  Pre-George Bush Paul Krugman is a different beast from post-George Bush Paul Krugman, though you can see a different side of The Conscience of a Liberal in The Return of Depression Economics. Conscience of a Liberal is, among many other things, admirable for the concision and sweep of its narrative: in not very many pages, it runs through a century of U.S. history, and to my eye didn't leave out very much. Krugman delivers the story almost breezily; we could be forgiven if we didn't notice that we're... more info

• The future that didn't work: Japan in the 1990s and 2000s.
  In 1998 Japan produced less than it did in 1991. Between 1953 and 1973, Japan in the space of two decades became the world's largest exporter of steel and automobiles. However, in the early 1970 growth slowed from the record level growth of 9% too less than 4% after 1973. Bank loans and import licenses flowed to favor industries and firms; the economy's growth was at least partly channeled by government's strategic designs (MITI). The second factor influence Japanese affluence was keiretsu. Members of the... more info

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