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End This Depression Now!
- Narrated by: Rob Shapiro, Paul Krugman
- Length: 8 hrs and 4 mins
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Publisher's summary
The Great Recession that began in 2007 is now more than four years old - and counting. Some 24 million Americans are unemployed or underemployed, and at recent rates of job creation we won’t be back to normal levels of employment until late this decade. This is a tragedy. Do we have to accept it?
"No!" is the resounding answer given by Nobel Prize-winning economist Paul Krugman in this call to arms. We have seen this situation before and we know how to fix it; all we lack is the political will to take action. Krugman walks us through the financial crisis that triggered the greatest downturn since the Great Depression and outlines the efforts that have been made thus far.
The way forward is clear: Our priority must be to get ourselves back on the path to growth; every day that we lag behind normal production levels only adds to the astronomical economic loss of this depression. What we need for a rapid, powerful recovery is precisely what we've needed in crises past - a burst of government spending to jump-start the economy. We owe it not only to the unemployed, but to everyone affected by this tragedy to end this depression now.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
Critic reviews
“An important contribution to the current study of economics and a reason for hope that effective solutions will be implemented again.” (Kirkus Reviews)
“An important contribution to the current study of economics and a reason for hope that effective solutions will be implemented again.” (Kirkus Reviews, starred review)
"Krugman , winner of the 2008 Nobel Prize in Economics, takes an edifying and often humorous journalistic approach to the current economic crisis in this accessible and timely study. Rather than provide a mere postmortem on the 2008 collapse (though relevant history lessons are provided), Krugman aims to plot a path out of this depression. Krugman has consistently called for more liberal economic policies, but his wit and bipartisanship ensure that this book will appeal to a broad swath of readers - from the Left to the Right, from the 99% to the 1%.” (Publishers Weekly)
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Something is wrong with our banking system. We all sense that, but Mervyn King knows it firsthand; his 10 years at the helm of the Bank of England, including at the height of the financial crisis, revealed profound truths about the mechanisms of our capitalist society. In The End of Alchemy, he offers us an essential work about the history and future of money and banking, the keys to modern finance.
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Two books in one, both very fine
- By Philo on 07-13-16
By: Mervyn King
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The Shifts and the Shocks
- What We've Learned - and Have Still to Learn - from the Financial Crisis
- By: Martin Wolf
- Narrated by: Sean Pratt
- Length: 14 hrs and 53 mins
- Unabridged
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The Shifts and the Shocks is not another detailed history of the crisis, but the most persuasive and complete account yet published of what the crisis should teach us about modern economies and economics. The audiobook identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances and our dangerously fragile financial system.
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Good on Europe's problems, fair global update
- By Philo on 01-08-15
By: Martin Wolf
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The Instant Economist
- Everything You Need to Know About How the Economy Works
- By: Timothy Taylor
- Narrated by: Don Hagen
- Length: 9 hrs and 35 mins
- Unabridged
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Economics isn't just about numbers: It's about politics, psychology, history, and so much more. We are all economists - when we work, save for the future, invest, pay taxes, and buy our groceries. Yet many of us feel lost when the subject arises. Award-winning professor Timothy Taylor here tackles all the key questions and hot topics of both microeconomics and macroeconomics, so you can understand and discuss economics on a personal, national, and global level.
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Timothy Taylor is the best
- By Jake on 02-15-15
By: Timothy Taylor
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Globalization and Its Discontents
- By: Joseph E. Stiglitz
- Narrated by: Derek Perkins
- Length: 10 hrs and 33 mins
- Unabridged
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This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national best-seller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank.
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Plea
- By Asma on 10-13-20
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13 Bankers
- The Wall Street Takeover and the Next Financial Meltdown
- By: Simon Johnson, James Kwak
- Narrated by: Erik Synnestvedt
- Length: 8 hrs and 59 mins
- Unabridged
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Even after the ruinous financial crisis of 2008, America is still beset by the depredations of an oligarchy that is now bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks, which together control assets amounting to more than 60 percent of the country's gross domestic product, these financial institutions (now more emphatically "too big to fail") continue to hold the global economy hostage.
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Easy to Understand and Comprehend
- By Kyle on 04-11-10
By: Simon Johnson, and others
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Shaky Ground
- The Strange Saga of the US Mortgage Giants
- By: Bethany McLean
- Narrated by: Gabra Zackman
- Length: 3 hrs and 33 mins
- Unabridged
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In 2008 the US Treasury put Fannie Mae and Freddie Mac into a life-support state known as "conservatorship" to prevent their failure - and worldwide economic chaos. The two companies, which were always controversial, have become a battleground. Today, Fannie and Freddie are profitable again but still in conservatorship. Their profits are being redirected toward reducing the federal deficit, which leaves them with no buffer should they suffer losses again.
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Details on the Culture and History of the GSEs
- By Jose on 10-15-15
By: Bethany McLean
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How Are You Going to Pay for That?
- Smart Answers to the Dumbest Question in Politics
- By: Ryan Cooper
- Narrated by: Ryan Cooper
- Length: 8 hrs and 22 mins
- Unabridged
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How Are You Going to Pay for That? is filled with engaging discussions and detailed strategies that policymakers and citizens alike can use to assail even the most entrenched lines of neoliberal logic and start to undo these long-held misconceptions. Equal parts economic theory, history, and political polemic, this is an essential roadmap for winning the key battles to come.
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Yay, Taxes!!!
- By Luvelway on 02-19-24
By: Ryan Cooper
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The Ascent of Money
- A Financial History of the World
- By: Niall Ferguson
- Narrated by: Simon Prebble
- Length: 11 hrs and 27 mins
- Unabridged
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Niall Ferguson follows the money to tell the human story behind the evolution of finance, from its origins in ancient Mesopotamia to the latest upheavals on what he calls Planet Finance. Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it's the sinews of war. To revolutionaries, it's the chains of labor. Niall Ferguson shows that finance is in fact the foundation of human progress.
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A mostly successful and interesting history
- By A reader on 02-24-09
By: Niall Ferguson
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Currency Wars
- The Making of the Next Global Crises
- By: James Rickards
- Narrated by: Walter Dixon
- Length: 9 hrs and 52 mins
- Unabridged
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In 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. Currency wars are one of the most destructive and feared outcomes in international economics.
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don't be misled
- By peter on 04-01-12
By: James Rickards
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Aftershock
- The Next Economy and America’s Future
- By: Robert B. Reich
- Narrated by: Robert Reich
- Length: 4 hrs and 30 mins
- Unabridged
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The author of 12 acclaimed books, Robert B. Reich is a Chancellor’s Professor of Public Policy at the University of California, Berkeley, and has served in three national administrations. While many blamed Wall Street for the financial meltdown, Aftershock points a finger at a national economy in which wealth is increasingly concentrated at the top - and where a grasping middle class simply does not have the resources to remain viable.
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Very plausible assessment of our economy
- By CAR TOP CAMPER on 10-06-10
By: Robert B. Reich
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Putinomics
- Money and Power in Resurgent Russia
- By: Chris Miller
- Narrated by: Traber Burns
- Length: 8 hrs and 4 mins
- Unabridged
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In Putinomics, Chris Miller examines the making of Russian economic policy since Vladimir Putin took power in 1999. Miller argues that Putin's economic strategy has functioned far more effectively than most Westerners realize. While acknowledging that part of Putin's successes - above all, quadrupling per capita GDP in just a decade and a half - can be attributed to cashing in on high oil prices, Miller details the government policies that have also been fundamental to Russia's growth.
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Go find something better
- By Anonymous User on 08-04-21
By: Chris Miller
What listeners say about End This Depression Now!
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Michael
- 08-30-12
Listen to this before you vote!
I was quite impressed with this book. I did not agree with everything single thing the author suggests, but the author seems to take great care to both give clear evidence for his position and (which is quite rare) presents and refutes non-straw man arguments against his positions. Krugman does a great job of explaining economic issues with clarity and energy. Having studied the issues I did not learn a lot from this book, but I would recommend it to anyone who wants to better understand the current economic crisis and what could be done about it. I only wish the book was longer and more detailed. This book, in combination with The Big Short, puts this downturn into a clear context regarding what happened and why recovery has been so slow to come.
I recommend looking at the available pdf carefully before listening and referring to the charts as necessary. The narration was excellent making the detailed material actually fun to listen to.
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10 people found this helpful
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- Roger
- 05-29-12
How to Drive Out of a Ditch
Any additional comments?
In this short book Paul Krugman argues for Keynesian fiscal stimulus as the way out of our economic mess. The current troubles, he says, resulted from a banking crisis that was precipitated as New Deal-era controls on financial recklessness were dismantled. The resulting collapse in demand left the economy chronically depressed, with an intractable overhang of private debt. The solution has been known by the economics profession ever since the triumph of that massive program of federal deficit spending known as WWII, and is there for the taking, right now. The only question is whether we will do what is necessary.
Much of the book is devoted to pushing back against conservative economic dogma, and there are many I-told-you-so moments, as we revisit predictions of right-wing pundits that have not aged well. Remember when interest rates skyrocketed as bond investors lost faith in our national solvency? No? How about our Weimar-style hyperinflation? But while the author is plenty scornful of conservatives, he is also critical of the Obama administration for bungling the politics. By accepting a stimulus package that its own economic team knew would be insufficient without even arguing for more; by indulging in happy talk about “green shoots” and a “summer of recovery” when the economy was still depressed; by “pivoting” to the deficit when the deficit was the least of our worries—the administration brought discredit on its own efforts, accepted the framing of the opposition, and made policies that were correct in direction, if not in scale, seem like failures. So says Krugman.
All of this will be recognizable to his fans, along with many familiar turns of phrase: the shadow banks; the liquidity trap; the zero lower bound; the confidence fairy; the bond vigilantes; and the conventional wisdom of Very Serious People (properly attributed). For those who already read Krugman’s Times columns and nod along, the book provides more thorough presentation of his views (with charts!). But it should be especially valuable for those who are not yet persuaded, because he doesn't merely assert his points, he tries to prove them. He lays out his reasoning clearly in a readable, lucid style, with very little technical jargon. He supports his arguments with historical and contemporary examples from the real world, and occasional references to professional literature. He acknowledges his opponents and takes on their actual arguments, without caricature. He believes in evidence and produces it. He doesn’t pound the table. I find him completely convincing, but whatever your views, I think you will give him credit for making his case.
One quibble: I’m not sure that the audiobook is an ideal format for this kind of presentation. Although it’s a terrific read, the book could also be useful as a reference, since so many of its subjects are issues in the daily news. But it’s not easy to locate particular passages or topics when the book is an audio file.
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7 people found this helpful
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- Joshua Kim
- 06-10-12
Keynes, Krugman, and "End This Depression Now"
I learned many things from reading Krugman's new book. 3 of which I will share:
1. That I like Paul Krugman's books better than I like his NYT's column.
2. That a high unemployment, stratified and slow-growing economy is most likely our "new normal."
3. That we need to have a serious (and hopefully informed) discussion in this country about Keynesian economics.
On the first point, I think that Paul Krugman does better with a book length format than the near sound-bite space available in a column. Krugman is clearly livid that the the Obama administration failed to push forward a stimulus plan that he considers anywhere near large enough to bring down high unemployment, but his arguments in End This Depression Now! come across as more balanced and measured than his NYT's writing.
The long form of a book allows Krugman the space to develop his arguments and to support his points with evidence and historical examples. While the book contains plenty of politics and descriptions of the failings of politicians (of both parties), it is more of an economic than a political treatise. I always felt that Krugman was on surer ground when explaining economic principles rather than political motivations, a belief that reading End This Depression Now! only reinforces.
Should you read this book? If you are already predisposed to the core Keynesian belief that government should have a role in stimulating demand (by spending) during a recession (low consumer/business spending and idle economic capacity) then reading this book will only strengthen this belief. Getting a good grasp on the fundamental economic arguments (both for and against) for Keynesian type stimulus is a worthwhile activity for anyone interested in the workings of the economy.
But what if you are of a more conservative bent, outside of Krugman's usual readership? For you I have an even greater hope that you will read End This Depression Now! so that we can go to coffee (I'm buying) and we can discuss what you make of Krugman's arguments. I found Krugman to be persuasive, and I'd like to hear your arguments in response.
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4 people found this helpful
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- Bob V.
- 05-28-12
Krugman shows the way
What did you love best about End This Depression Now!?
The logical reasoning to understandable conclusions based on reliable economics
What did you like best about this story?
The hope it provides that we can kick start this economy if only we can develop the political will.
Which character – as performed by Rob Shapiro and Paul Krugman – was your favorite?
N/A
Did you have an extreme reaction to this book? Did it make you laugh or cry?
no. There were a few funny parts describing the shenanigans of certain politicians.
Any additional comments?
This will make tea partiers nuts with anger.
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- Joe
- 09-02-12
Just Wow!
Not only interesting, thought provoking and endlessly informative, this is an important book that can help shape the national debate. Today, more than any time in recent memory, the average voter and citizen needs to have a passing understanding of the economy and what makes it tick. That will drastically change the way that we talk about monetary policy and how to get people back to work. This book, more than any other I've read, accomplishes all these goals while being - surprisingly - a fun and straightforward read.
The narration is good, the logical progression of basic ideas into theory into concrete examples from the recent past makes sense and it's so relevent and timely it's almost painful. This is a great book, fun and intelligent wihtout pretension or the need to dumb things down for the reader. Also, more than being a great book, it's an important one. Please buy it. Then tell your friends about it.
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2 people found this helpful
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- Fred H Bowers
- 06-18-12
Great book for a scientist
Would you listen to End This Depression Now! again? Why?
I never appreciated how well a real economist can explain economics in scientific terms. I am so used to hearing it from the POV of "traders" and "talking heads". It gives me hope there is a solution to this "depression". However, don't expect this book to make you feel good. It is rather sobering.
What does Rob Shapiro and Paul Krugman bring to the story that you wouldn’t experience if you just read the book?
Due to the immensity of the topic, I tried to read it from the library but it would have taken too long to read. The audio version allowed me to get through it easily.
What’s the most interesting tidbit you’ve picked up from this book?
The nature of liquidity and how important it is. Also, it is sobering to think our legislators are so determined to go the austerity route that has failed in every instance.
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2 people found this helpful
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- Rocky P
- 06-04-12
Totally Refreshing!
Where does End This Depression Now! rank among all the audiobooks you’ve listened to so far?
Top 5 all time
What did you like best about this story?
Its common knowledge backed with hard stats
What do you think the narrator could have done better?
Totally hated the Narrator, since author Paul Krugman would've been the obvious choice, because he naturally has that wise guy type sarcastic humor
Was this a book you wanted to listen to all in one sitting?
No! you will def need to break it off in multiple sessions, i prefer them during my long drives
Any additional comments?
Awesome well researched masterpiece, luv it
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- Alex
- 06-04-12
Perfect Narration for a Vital Economics Book
What did you love best about End This Depression Now!?
Nobel-Princeton economist Krugman explains a complex situation so clearly, calmly, and factually. As an investor I need accurate and complete facts, not spin and shouting. But too many PhD economists these days emphasize spin and political bias over facts and logic.
What does Rob Shapiro and Paul Krugman bring to the story that you wouldn’t experience if you just read the book?
Rob Shapiro also narrates "Predator Nation" a 2012 book by the award winning Charles H. Ferguson. I am halfway through it now. Another A+ narration.
What’s the most interesting tidbit you’ve picked up from this book?
The economy could easily have been cured in 2009 by applying basic freshman Economics 101. And it is not too late to do so now.
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- William
- 05-28-12
Sensible economics masterfully explained
Krugman brilliantly explains and documents how we will all be better off in the long run and short run by unfreezing the economy by embracing the time honored principles of Keynesian economics. A must read.
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- Anonymous User
- 05-28-12
He reviews the situation clearly and logically
Would you recommend this audiobook to a friend? If so, why?
Highly recommended - Great survey of how we got here - what are the issues facing us and what we need to do - Backed up with facts, figures, history and a workable model of the economy. I can see what he got his Nobel Prize.
Was this a book you wanted to listen to all in one sitting?
If I could
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