author: Paul Krugman
average rating: 3.84
book published: 2008
read at: 2010/04/16
date added: 2010/04/20
shelves: economics, history, non-fiction, politics
If you read Krugman’s columns or blog, a lot of this will feel familiar. But the level of detail is very helpful in understanding our current economic situation. In particular, I appreciated the review of the crises of the 90s; I was around for them, but honestly not paying that much attention. Plus he ties them very neatly together with the current situation: as harbingers, clues, and analogies.
"Depression Economics," by the way, refers to situations in which crisis is caused by the collapse of demand. It’s a weird counterintuitive state of affairs.
I would love to read a postscript to this, something that covers up to the present day. I imagine I’ll be on the lookout for a new edition in another 4 or 5 years.