The Return of Depression Economics
« Thread Started on Nov 27, 2008, 1:56am »

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The Return of Depression Economics
Paul Krugman is out with a new edition of his great book, The Return of Depression Economics.

The book, originally published in 1999, surveyed the economic crises that 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 this updated edition, Krugman "shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States, and the world as a whole, up for the greatest financial crisis since the 1930s. He also lays out the steps that must be taken to contain the crisis, and turn around a world economy sliding into a deep recession."

http://politicalwire.com/archives/2008/ ... omics.html