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Chris

new york, NY, United States | Member Since 2011

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  • The Return of Depression Economics and the Crisis of 2008

    • UNABRIDGED (6 hrs and 32 mins)
    • By Paul Krugman
    • Narrated By Don Leslie
    • Whispersync for Voice-ready
    Overall
    (214)
    Performance
    (53)
    Story
    (55)

    In this new, greatly updated edition of The Return of Depression Economics, 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.

    John Satterfield says: "Buy the printed book"
    "Worth reading"
    Overall

    Krugman offers a comprehensive context for the crisis of 2008 and events still unfolding today. The professor deserves high marks for brevity and an elegance of presentation regarding the intricate connections of financial plumbing and investor psychology throughout history as manifest in bubbles, panics and crashes.

    I withold the 5th star because his treatment of Alan Greenspan is cursory, dismissive and, I believe, unfair. The former fed chair turned universal scapegoat presided over a period where the effectiveness or normal tools of monetary policy changed in inexplicable ways. Krugman, of all people should recognize and acknowledge this.

    1 of 1 people found this review helpful

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