End This Depression Now!

End This Depression Now!

by Paul Krugman


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A call-to-arms from Nobel Prize–winning economist and best-selling author Paul Krugman.

The Great Recession is more than four years old—and counting. Yet, as Paul Krugman points out in this powerful volley, "Nations rich in resources, talent, and knowledge—all the ingredients for prosperity and a decent standard of living for all—remain in a state of intense pain."

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.

Product Details

ISBN-13: 9780393088779
Publisher: Norton, W. W. & Company, Inc.
Publication date: 04/30/2012
Pages: 272
Product dimensions: 6.20(w) x 9.40(h) x 1.10(d)

About the Author

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.

Table of Contents

Introduction: What Do We Do Now? ix

1 How Bad Things Are 3

2 Depression Economics 21

3 The Minsky Moment 41

4 Bankers Gone Wild 54

5 The Second Gilded Age 71

6 Dark Age Economics 91

7 Anatomy of an Inadequate Response 109

8 But What about the Deficit? 130

9 Inflation: The Phantom Menace 150

10 Eurodämmerung 166

11 Austerians 188

12 What It Will Take 208

13 End This Depression! 223

Postscript: What Do We Really Know about the Effects of Government Spending? 231

Acknowledgments 239

Index 241

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