The Return of Depression Economics and the Crisis of 2008
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Our newest Nobel Prize-winning economist shows how today’s crisis parallels the events that caused the Great Depression—and explains what it will take to avoid catastrophe. Far Eastern Economic Review - G. Pierre Goad ...Krugman tackles the woes of Asia and the world with wit and brevity. Anybody who has been closely following the academic debate over the causes and consequences of the crisis will find some of the material familiar....However, even hard-core Asian-crisis junkies will find the book worthwhile....Whether his theories are right or not, the world would be a better place if his economist pals embraced his policy of making economics comprehensible.
Introduction.......................................................viione July 1, 1997....................................................1 two A Short Course in Miracles: Asia before the Crisis.............21 three Warning Ignored: Latin America, 1995.........................38 four The Future That Didn't Work: Japan in the 1990s...............60 five All Fall Down: Asia's Crash...................................83 six The Confidence Game...........................................102 seven Masters of the Universe: Hedge Funds and Other Villains.....118 eight Bottoming Out?..............................................137 nine The Return of Depression Economies...........................154 Index..............................................................169
