The Return of Depression Economics and the Crisis of 2008
Author: Paul Krugman
Date: 2008-12-02 05:00:00+00:00
Keywords: Economics; Non Fiction; Politics; Business; Finance; History; Science; Academic; 21St Century
Description: The New York Times bestseller: the Nobel Prize–winning economist shows how today’s crisis parallels the Great Depression—and explains how to avoid catastrophe. With a new foreword for this paperback edition.In this major bestseller, Paul Krugman warns that, like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression have made a comeback. He lays bare the 2008 financial crisis—the greatest since the 1930s—tracing it to the failure of regulation to keep pace with an out-of-control financial system. He also tells us how to contain the crisis and

Document Outline

Cover
Title page
Copyright page
Contents

Introduction [3]

- About This Book

1 "The Central Problem Has Been Solved" [9]

- Capitalism Triumphant
- The Taming of the Business Cycle
- Technology as Savior
- The Fruits of Globalization
- Skeptics and Critics

2 Warning Ignored: Latin America's Crises [30]

- Mexico: Up from the 1980s
- Argentina's Break with the Past
- Mexico's Bad Year
- The Tequila Crisis
- The Great Rescue
- Learning the Wrong Lessons

3 Japan's Trap [56]

- Japan as Number One
- Bubble, Toil and Trouble
- A Stealthy Depression
- Japan's Trap
- Japan Adrift
- Japan's Recovery

4 Asia's Crash [77]

- The Boom
- July 2, 1997
- Meltdown
- Contagion
- Why Asia? Why 1997?
- Epilogue: Argentina, 2002
- The Deeper Question

5 Policy Perversity [101]

- How the International Monetary System Didn't Evolve

- The Speculative Threat
- The Confidence Game
- Did the IMF Make the Situation Worse?

6 Masters Of The Universe [119]

- The Nature of the Beast
- The Legend of George Soros
- The Madness of Prime Minister Mahathir
- The Attack on Hong Kong
- The Potemkin Economy
- The Panic of 1998

7 Greenspan's Bubbles [139]

- The Age of Greenspan
- America's Designated Driver
- Greenspan's Bubbles
- When Bubbles Burst

8 Banking In The Shadows [153]

- The History of Banking, Simplified
- The Shadow Banking System
- Malign Neglect

9 The Sum Of All Fears [165]

- The Housing Bust and Its Fallout
- The Non-Bank Banking Crisis
- The Fed Loses Traction
- The Mother of All Currency Crises
- A Global Slump

10 The Return Of Depression Economics [181]

- What Is Depression Economics?
- What to Do: Dealing with the Emergency
- Financial Reform
- The Power of Ideas

About the Author

Table of Contents

- Cover
- Title page
- Copyright page
- Contents

- Introduction [3]

- About This Book

- 1 "The Central Problem Has Been Solved" [9]

- Capitalism Triumphant
- The Taming of the Business Cycle
- Technology as Savior
- The Fruits of Globalization
- Skeptics and Critics

- 2 Warning Ignored: Latin America's Crises [30]

- Mexico: Up from the 1980s
- Argentina's Break with the Past
- Mexico's Bad Year
- The Tequila Crisis
- The Great Rescue
- Learning the Wrong Lessons

- 3 Japan's Trap [56]

- Japan as Number One
- Bubble, Toil and Trouble
- A Stealthy Depression
- Japan's Trap
- Japan Adrift
- Japan's Recovery

- 4 Asia's Crash [77]

- The Boom
- July 2, 1997
- Meltdown
- Contagion
- Why Asia? Why 1997?
- Epilogue: Argentina, 2002
- The Deeper Question

- 5 Policy Perversity [101]

- How the International Monetary System Didn't Evolve

- The Speculative Threat
- The Confidence Game
- Did the IMF Make the Situation Worse?

- 6 Masters Of The Universe [119]

- The Nature of the Beast
- The Legend of George Soros
- The Madness of Prime Minister Mahathir
- The Attack on Hong Kong
- The Potemkin Economy
- The Panic of 1998

- 7 Greenspan's Bubbles [139]

- The Age of Greenspan
- America's Designated Driver
- Greenspan's Bubbles
- When Bubbles Burst

- 8 Banking In The Shadows [153]

- The History of Banking, Simplified
- The Shadow Banking System
- Malign Neglect

- 9 The Sum Of All Fears [165]

- The Housing Bust and Its Fallout
- The Non-Bank Banking Crisis
- The Fed Loses Traction
- The Mother of All Currency Crises
- A Global Slump

- 10 The Return Of Depression Economics [181]

- What Is Depression Economics?
- What to Do: Dealing with the Emergency
- Financial Reform
- The Power of Ideas

- About the Author