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Extended Audio Sample The Return of Depression Economics and the Crisis of 2008, by Paul Krugman Click for printable size audiobook cover
3 out of 53 out of 53 out of 53 out of 53 out of 5 3.00 (2,708 ratings) (rate this audio book) Author: Paul Krugman Narrator: Don Leslie Publisher: Penguin Random House Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date: December 2008 ISBN: 9780739384732
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Nobel Prize® winning economist Paul Krugman shows how today's crisis parallels the events that caused the Great Depression - and explains what it will take to avoid catastrophe. In 1999, Paul surveyed the economic crisis that had swept across Asia and Latin America, and warned 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 the years that followed, as Wall Street boomed and financial wheeler-dealers made vast profits, the international crises of the 1990s faded from memory. But now depression economics has come to America: when the great housing bubble of the mid-2000s burst, the U.S. financial system proved as vulnerable as those of developing countries caught up in earlier crises - and a replay of the 1930s seems all too possible.
In this new, greatly updated edition of The Return of Depression Economics, Paul 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. Brilliantly crafted in Paul's trademark style - lucid, lively and supremely informed - this new edition of The Return of Depression Economics will become an instant cornerstone of the debate over how to respond to the crisis. Download and start listening now!

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Listener Opinions

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 B. Factor | 1/18/2014

    " Krugman traces the roots of the current world-wide financial crisis and states that we must strictly regulate any bank-like financial activity to reduce the severity and frequency of such financial crises. He further states that the financial crisis has resulted in an economy with far more capacity to produce than demand to consume (ie., a depression type economy), a very serious problem that is best solved by massive government spending on infrastructure etc. The rest of the book is a head-spinning chronology of recent financial crises: much description, little explanation. I was hoping for some deeper economic insight but did not find it here; it's much more political than I would have preferred. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Nancy | 1/8/2014

    " This is a short (191 pages) understandable book that covers more than just the US crisis of 2008. This book includes descriptions of financial problems in other countries over the last quarter century. Describing how problems in Brazil, Indonesia and Japan were addressed with varying degrees of success puts the US crisis of 2008 in perspective. Krugman makes clear we are not out of the woods yet and offers suggestions on what is needed for recovery. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Fabian | 1/6/2014

    " Very easy to easy to understand. There aren't any complicated terms in this book. Paul Krugman explains what happened in lame terms. I recommend it to everyone. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Bill | 1/5/2014

    " Sobering reminder of the economic challenges we face by the 2008 winner of the Nobel Prize in Economics. A surprisingly easy read, this book makes a complex subject understandable. "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 Lois | 10/30/2013

    " Wish that I was able to understand this better than I did. Ecomonics are very hard for me to wrap my head around. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Sharon | 9/25/2013

    " A treasure trove of information on how modern governments mitigate financial disasters through stimulus spending, monetary policy, etc. Very important to understanding modern economic policies. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Barbara | 9/14/2013

    " I love the part where the author writes: "The Great Depression was ended by a massive public works project called 'World War II.'" This conforms to history as related to me by one of world's great historians - my mother. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Susanita | 7/20/2013

    " A good explanation of the crisis by a world renowned economist. And easy to read and understand. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Zachary Zhao | 2/11/2013

    " My review of the book can be found here. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Greg | 12/5/2012

    " This is a fantastic read if you have any interest in economics or the current issues we face as a world. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Laurie | 8/13/2012

    " An excellent explanation of what's going on with the economy today. President Obama must have read this book, or has consulted Krugman. "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 Jade | 4/12/2012

    " I found this book so uneventful, that I don't remember even reading it. But I know I did. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Joshua | 3/28/2012

    " if you wish to know, from a liberal economist's POV, what is going on with the economy and why, as well as to gain an understanding of economic recessions and depressions from the last 100 years or so, this is the book to read. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Shelly | 3/2/2012

    " For all his eccentricities, I enjoy Krugman's perspective. "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 Converse | 2/11/2012

    " Krugman says that the 1990s crises in Mexico, Argentina, Thailand, Japan were both indications of the continued relevance of the study of business cycles & also partial rehearsals for the 2008 event. I didn't completely follow him "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Anmol | 12/1/2011

    " I good history lesson on various global financial crises - Mexican, SE Asian, Japanese and now American. But short on remedies other than supply side government spending. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Rui | 10/6/2011

    " Very good. Easily reading with informal analogies. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Melissa | 5/6/2011

    " Good book in that "we're complete screwed" sort of a a way. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Diego | 3/7/2011

    " Una muy amigable explicación de la inestabilidad de la economía mundial desde los años 90 ala fecha, muy recomendable para amantes de la economía y para el publico en general que desea conocer mejor la realidad económica mundial. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Andrew | 2/16/2011

    " A decent explanation of the economic crisis, the similar historic events over the past ~20 years. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Susanita | 2/14/2011

    " A good explanation of the crisis by a world renowned economist. And easy to read and understand. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Scott | 2/4/2011

    " baby sitter coop. the role of speculation, multiplying effect of credit and runs on bank "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Andrew | 1/11/2011

    " Interesting. Maybe I'll read some more Paul Krugman. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Jessica | 10/11/2010

    " wow. this dude is way to the right of what you'd expect reading his columns. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Catherine | 9/22/2010

    " Once you get about half way through, it really starts to make sense. I am not great with economics but this was easy to follow. "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 Converse | 7/3/2010

    " Krugman says that the 1990s crises in Mexico, Argentina, Thailand, Japan were both indications of the continued relevance of the study of business cycles & also partial rehearsals for the 2008 event. I didn't completely follow him
    "

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