The Return of Depression Economics and the Crisis of 2008

The Return of Depression Economics and the Crisis of 2008

Downloadable Audiobook - 2008
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What better guide could we have to the 2008 financial crisis and its resolution than our newest Nobel Laureate in Economics, the prolific columnist and author Paul Krugman? in his prescient 1999 classic, The Return of Depression Economics, Krugman surveyed the economic crisis that had swept across Asia and Latin America and pointed out that they were a warning for all of us: like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression were making a comeback. But now depression economics has come to America. When the great housing bubble of the mid-2000s burst, the U.S. financial system proved as vulnerable as those of developing countries caught up in earlier crises and a replay of the 1930s seems all to possible. In this new, greatly updated ed. of The Return of Depression Economics, Krugman shows how the failure of regulation to keep pace with an increasingly out-of-control financial system ...
Published: [New York] : Books on Tape, 2008.
ISBN: 9781415965092
1415965099
Branch Call Number: OVERDRIVE DOWNLOADABLE AUDIO
Additional Contributors: Leslie, Don

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StarGladiator
Apr 20, 2014

Krugman calls himself a liberal - - how very strange, he should call himself a cheerleader for the bankers and the Federal Reserve, now that would be more accurate. This book description calls him a Nobel Laureate - - very, very strange, since the Nobel family never established a Nobel Prize in Economics. In fact, no member of the Nobel family even recognizes such a fiction. Krugman was awarded, as most specious shills are, the Swedish Central Bank [Rijksbank] Prize in Economical Sciences in Memory of Nobel, a prize of little consequence, given its other recipients. Krugman's only political appointment was to a Republican administration, which again sounds logical. Krugman apologizes for the bankster/gangsters, misleads on the actual causes of the economic meltdown, and continues to bewilder and confse those rightwingers who call themselves democrats. Read Michael Perelman and Michael Hudson to follow REAL economists.

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MatteoImparare
Dec 21, 2011

This book explains a lot about economics in fairly understandable terms.

In one example, he explains how a babysitting co-op went into recession, and how it came out of it.

He explains each of the crisis of Thailand, Brasil, Mexico, and Argentina. Many of these had IMF input that may have made things much worse than other courses of action.

This book is both enlightening and interesting.

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