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The Return of Depression Economics

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Title: The Return of Depression Economics
by Paul R. Krugman
ISBN: 0-393-32036-7
Publisher: W.W. Norton & Company
Pub. Date: 15 May, 2000
Format: Paperback
Volumes: 1
List Price(USD): $13.95
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Average Customer Rating: 4.21 (47 reviews)

Customer Reviews

Rating: 1
Summary: Krugman is not really fameous
Comment: The reviewer ahead of me convered almost everything as to why this guy is horrible. He basically promotes big government----which fail every time------never forget that Bill Clinton did nothing but cause massive massive infaltion by raising taxes to historic levels. Look at home prices vs real income. Every "economist" that reccomends raising taxes is simply not an economist. Economics clearly reccomends lowering taxes to extreme lower elvels as well as the other hidden taxes such as regulation compliance, laws enforcing unions, and publci services from a to z such as tax paid educaiton which is failing and no one can "opt out of".

The Perilous Rebirth of JM Keynes, June 23, 1999

Reviewer: A reader
For one reason or another, John Maynard Keynes is still revered as the economist par excellance of the twentieth century, even though his policies of interventionism have been thoroughly discredited. Krugman nevertheless carries Keynes's interventionist torch (a bad metaphor, I know) and advocates a rational economic order. When will clearly smart people realize -- not the least of which Krugman -- that a centrally planned economy can only work during wartime? The benefits of spontaneous market economies, as espoused by Hayek and Von Mises (two of the most obscenely overlooked and underrated minds of the 20th century), have been empirically proven again and again. Krugman makes me believe that we are again, sadly, on the Road to Serfdom. --This text refers to the Hardcover edition

Rating: 5
Summary: Excellent Open Economy Macro reading
Comment: Anyone who wants to understand international macroeconomics must read this book. The intuition is superb and the case study approach makes it an exciting read. However, to better appreciate the brilliance of the book, I recommend reading "World Trade and Payments" by Caves, Frankel and Jones. The exposition of the Mundell-Fleming model under various exchange rate regimes and capital control regimes in that book are excellent. Paul Krugman's book reinforces those concepts with case studies.

Rating: 2
Summary: Zzzzzzzzz
Comment: I love Paul Krugman's column in the NY Times, but this book is a bore.

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