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With the recession now more than 4 years old, Paul Krugman's incredibly insightful new book couldn't have come at a better time. Exploring questions like how bad have things gotten?, How did we get stuck in what can only be called a depression? And above all, how do we free ourselves? Krugman pursues the elusive answers with his characteristic lucidity and insight, providing readers with an eye-opening new view to the future of our economy.
Synopsis
A New York Times best-selling call to arms from Nobel Prize-winning economist Paul Krugman.
Book Details
Publisher:
W W NORTON & CO
Publication Date:
26-Feb-2013
ISBN:
9780393345087
Guardian review
End This Depression Now! by Paul Krugman review
Ian Pindar the guardian Fri 08 March 2013
When a Nobel laureate in economics tells us the evidence is stronger than it has ever been that fiscal stimulus works and fiscal austerity only makes things worse, you'd think that everyone would sit up and listen. Instead, politicians and policymakers have ignored Paul Krugman's advice and continued down the road of austerity. In this convivial economic guide he seeks to persuade us lay people that he has the solution to our problems. Although his main focus is America, there is a whole chapter on Europe. His headline "Europe's Austerity Disaster" says it all, while "The British Experiment" is held up as a model of precisely what not to do. In Europe the "Austerians" have taken over, resulting in a sharp fiscal contraction. The plan was to inspire confidence in the markets, but the "confidence fairy", as Krugman puts it, has failed to show. Above all, politicians must resist the urge "to make the economic crisis a morality play"; too many of them want to be "the grown-ups who say no", but this, he says, is "childish and destructive".