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Nearly a decade ago, Paul Krugman released the first edition of "The Return of Depression Economics," a book that took a close look at the economic crises in Asia and South America. Then he suggested that we were threatened to return to the economic conditions that caused the Great Depression. Since that time, Wall Street and our economy cooked (minus a minor recession) and people forgot all about his book.<BR/><BR/>Now that the housing bubble burst and the mortgage and subsequent financial crises have taken hold, Krugman created an updated edition of his original book. It's true that the book is greatly updated with lots of new content including:<BR/><BR/>~ The failure of regulation to keep pace with an increasingly out-of-control financial system<BR/>~ Steps that must be taken to contain the crisis (a rarity in the spate of books coming forth in response to the failing economy)<BR/><BR/>All in all, this book has its place in our analysis of the crisis and some of his suggestions for moving forward are good ones. His writing style is clever and well-informed.<BR/><BR/>Another book I recommend strongly that has been a tremendous help to me in dealing with the financial crisis and the mounting stress at work is The Emotional Intelligence Quick Book
9 out of 10 people found this review helpful.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted February 24, 2009
Understanding This Economic Mess We Are In.
I am usually by no means interested, little less excited by a book on economics. But, Mr. Krugman breaks the current situtation down into terms the most would understand, and uses descriptive and relevent examples of how economies work in general. Paul Krugman relates in an understandable manner the emerging ties between economies in other countries, and especially those countries that have had problems in recent memory such the downturn of the asian markets in the late 1990's. His recommendations at the end of the book are interesting and intellectual stimulating. If you want a better understanding of the United States current economic sitatution, its relation to global economies, and the unique steps that need to be taken by each government, this a book you can't miss. I gave several as gifts for christmas this past holiday season.
2 out of 2 people found this review helpful.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted February 9, 2009
Helpful information for those wishing to understand more about the complexities and interdependence of current US and world economies.
I found, "The Return of Depression Economics" to be enlightening. I had no idea that inflation could be a 'good thing', but know, understand at the right time and right place it can actually be helpful. I have a better understanding of mortgage backed securities, hedge funds and other investment vehicles and how they could spiral down in value so quickly. Finally, I have some perspective on the economic disasters that faced other nations over the past 80 years and how they dealt with them. Can¿t ask much more than that from 191 pages.
1 out of 1 people found this review helpful.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted June 21, 2009
I Also Recommend:
Professor Krugman teaches basic economics
Krugman walks through America's economic history of the last century and shows how the current economics environment parallels the environment from the Gilded Age up through the events causing the Great Depression and how Conservative economic policies have disregarded the lessons of our own history and once again brought us to the edge of disaster. Through easy to grasp anecdotal examples unburdened by technical jargon, he teaches economics to the laymen and shows how to address the current financial crisis and avoid the next one while at the same time creating a more equal and more prosperous society.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted March 16, 2009
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