PAUL KRUGMAN - The return of the depreession economics and the crisis of 2008

Cristian Uta
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Cristian Uta: Spiru Haret University, Faculty of Financial Accounting Management

Annals of Spiru Haret University, Economic Series, 2009, vol. 1, issue 1, 203-204

Abstract: Considering the current economic situation we are facing, people become more and more interested in reading crisis related books. The hardest is to find a book that is accessible to the society at large and pertinently analyses the theme at the same time. “The return of the depression economics and the crisis of 2008”, the latest book of the 2008 Nobel Prize winner, Paul Krugman, meets these requirements. The book, issued by the Publica Publishing House and translated by Smaranda Nistor, is an updated and improved re-edition of a book written in 1999 in response to the Asian economic crisis. At that time, the book did not have a great impact because most economists embraced Professor Robert Lucas’s opinion, according to which “central problem of depression-prevention has been solved, for all practical purposes.” This second edition includes new issues on the ‘90’s economic crises, as well as documents trying to explain how the United States get involved in the current economic downturn.

Keywords: economic; depression (search for similar items in EconPapers)
JEL-codes: A11 (search for similar items in EconPapers)
Date: 2009
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