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Loading... The Return of Depression Economicsby Paul R. Krugman
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Sign up for LibraryThing to find out whether you'll like this book. No current Talk conversations about this book. As usual, Krugman highlights the problem with dogmatic approaches to economics. He also illuminates some aspects of our own concern about inflation. Rather than worry about inflation, our current economic and financial guardians might need to look more at the possibility of deflation created during an economic downturn when lack of demand meets excess capacity. ( ) Krugman not only makes the mechanics of cyclical economics clear (at least what we understand of it), he is also very forthright about saying what he thinks should be done about various economic situations. If you're having trouble understanding the current economic situation, any of Krugman's books will help.
Paul Krugman may think as hard as Keynes and write as well as Galbraith, but it's not his Nobel Prize in economics that gives this brisk analysis of the sources of our current plight its weight. Updated to discuss today's global turmoil, it has a salutary quote from another laureate, Robert Lucas. In 2003, he said: "the central problem of depression-prevention" had been solved. Is expanded in
After several economic crises in Russia, Southeast Asia and in Latin America, it is becoming clear that the world economy is a very unstable phenomenon. Many pundits argue that economists can prevent another depression. Paul Krugman is not one of them. No library descriptions found. |
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Google Books — Loading... GenresMelvil Decimal System (DDC)338.542Social sciences Economics Production Microeconomics Fluctuations Business CyclesLC ClassificationRatingAverage:
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