This wonderfully received book finds him in top form, observing the years he's dubbed "the age of diminished expectations." The past twenty years have been an era of economic disappointment in the United States. They have also been a time of intense economic debate, as rival ideologies contend for policy influence. But strange things have happened to economic ideas on their way to power: they've been hijacked by policy entrepreneurs--economic snake-oil salesmen, right or left, who offer easy answers to hard problems. Supply-siders rose to power with Ronald Reagan and not only cured nothing...

Winner of the John Bates Clark Medal

Research programs in economics usually emerge from the intersection between a new analytical approach and a real economic problem. In the past few years, such a program has emerged in international monetary economics, which is underpinned by a theoretical framework grounded in stochastic calculus and the increasing prominence in the real world of the international monetary arrangements under which national monetary authorities attempt to keep exchange rates within bands or "target zones." This new program of research also covers switches in exchange rate regimes. This volume from the Centre...

Written in an informal and conversational style, The Self-Organizing Economy shows how models of self-organization, -order from stability-, can be applied to economic phenomenon. This concept, which has become increasingly influential in the last few years, can explain the formation of cities and business cycles. The book includes powerful insights of conventional economic analysis and strands from many disciplines, from location theory to biology, to create a surprising new view of how the economy forms structures in space and time.

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 turn around a world economy sliding into a deep recession. Brilliantly crafted in Krugman s trademark style lucid, lively, and supremely informed this new edition of The Return of Depression Economics has...

This little book packs a big wallop. Together with major media appearances, it puts Krugman's wisdom and steely-eyed analysis firmly at the center of the debate about how to spend upwards of $2 trillion. It may very well change the course of history.

How bad have things gotten? How did we get stuck in what now can only be called a depression? And above all, how do we free ourselves? Krugman pursues these questions with his characteristic lucidity and insight. He has a powerful message for anyone who has suffered over these past four years--a quick, strong recovery is just one step away, if our leaders can find the "intellectual clarity and political will" to end this depression now.