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The return of depression economics

Author: Paul R Krugman
Publisher: New York : W.W. Norton, ©1999.
Edition/Format:   Book : English : 1st edView all editions and formats
Database:WorldCat
Summary:
Surely the Great Depression could not happen again; our economists and policy makers simply have too many tools in their kit and too much experience applying them. Or could it? Paul Krugman gives us a sobering tour of the global economic crises of the last two years. In the 1930s policy makers realized that they had to limit the free market in order to save it. Today, when governments worldwide have spent decades
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Genre/Form: History
Document Type: Book
All Authors / Contributors: Paul R Krugman
ISBN: 039304839X 9780393048391
OCLC Number: 40856823
Notes: Includes index.
Description: xiv, 176 p. : ill. ; 22 cm.
Contents: July 1, 1997 --
A short course in miracles : Asia before the crisis --
Warning ignored : Latin America, 1995 --
The future that didn't work : Japan in the 1990s --
All fall down : Asia's crash --
The confidence game --
Masters of the universe : hedge funds and other villains --
Bottoming out? --
The return of depression economics.
Responsibility: Paul Krugman.

Abstract:

Surely the Great Depression could not happen again; our economists and policy makers simply have too many tools in their kit and too much experience applying them. Or could it? Paul Krugman gives us a sobering tour of the global economic crises of the last two years. In the 1930s policy makers realized that they had to limit the free market in order to save it. Today, when governments worldwide have spent decades lifting regulatory restraints on trade within and across their borders, interference in markets is completely out of favor as a policy tool. With his usual creativity and willingness to consider new ideas, Krugman suggests that a variety of capital restraints may well be in order.

This book is for anyone with any level of economic background who wishes to understand the stunning events in today's global economy.

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