The Return of Depression Economics and the Crisis of 2008 by Paul Krugman (Repost)
The Return of Depression Economics and the Crisis of 2008 by Paul Krugman (Repost)
Publisher: W. W. Norton; First Edition (December 1, 2008) | ISBN: 0393071014 | Pages: 224 | PDF | 29.64 MB
Publisher: W. W. Norton; First Edition (December 1, 2008) | ISBN: 0393071014 | Pages: 224 | PDF | 29.64 MB
In 1999, in The Return of Depression Economics, Paul Krugman surveyed the economic crises that had swept across Asia and Latin America, and pointed out that those crises 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. In the years that followed, as Wall Street boomed and financial wheeler-dealers made vast profits, the international crises of the 1990s faded from memory. 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 too possible.
The Return of Depression Economics and the Crisis of 2008 by Paul Krugman (Repost)
