Its depressing reading about depression ... economics. It all seems so avoidable and a bunch of pointless suffering from the worse elements of unstable human nature actualized by the global web of fractional banking... Not that better monetary schemes have been shown to be workable and Krugman do...
A well-done update to Krugman's 1999 (and then 2008) "The Return of Depression Economics". Whereas RoDE built its arguments on models and illustrative examples--who can forget the oft-cited DC Baby Co-op, which gets a nod in this volume as well--ETDN is steeped in real-world examples related to t...
Who would imagine a Nobel Laureate in economics could write such an accessible book on the financial crisis? Anybody who reads Paul Krugman's wonderful New York Times columns. I learned a great deal from Krugman's patient and (surprisingly, maddeningly) simple explanation of how the US (and, to a...
Not as exhaustive as the Stiglitz book (The Price of Inequality), but a more effective argument. Krugman writes persuasive, clear, lucid prose that doesn't tell the reader what to think but rather invites him to contemplate the crises, the issues, and the solutions past and present that might wo...
Minor downsides: 1)Sometimes Krugman will explain a concept in one paragraph and finish with a sentence like "But I've probably talked too much about this already, so let's move on." I assume he's acknowledging that his intended audience doesn't need total comprehension of every concept to get th...
Informative for the most part. I was somewhat put off by his repeated reference to the babysitting coop as a way to discuss debt, but I suppose it works. I kept waiting for him to excoriate Greenspan, but he never did - this seems short-sighted in light of how wrong Greenspan was for so long, a...
It's impossible to read these twenty-year-old essays and not feel like many of them haven't aged a day. Whether you agree with them or not, or whether you even like the infamously acerbic Krugman or not, to a remarkable extent the logic behind the majority of these columns still feels fresh and r...