Paul Krugman, winner of the 2008 Nobel Prize in economics, shows how today's crisis parallels the events that caused the Great Depression - and explains what it will take to avoid catastrophe. In 1999, in The Return of Depression Economics, Paul Krugman surveyed the economic crises 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...

Economics, as Keynes wrote, is dangerous for good or evil. Paul Krugman, one of the world's best economists, has made a second career railing against poor economic reasoning wherever it may arise. In doing so, he has persuaded a large number of readers that the lessons of good economics are not so difficult after all, that the insights can be downright intriguing. This text weaves together articles and addresses into a short narrative on the major economic issues of the latter 1990s: unemployment, globalization, economic growth, financial speculation, and more. All are joined by Krugman's...

Paul Krugman studies 80 years of American economic history, from the reforms that tamed the harsh inequality of the Gilded Age to the unravelling of that achievement and the re-emergence of immense economic and political inequality since the 1970s.