Author: Paul Krugman
"Shows how today's situation parallels the events that caused the Great Depression. He surveys the economic crises that swept across Asia, Russia and Latin America in the 1990s, and reveals that those crises were a warning for all of us. Now depression economics has returned: when the great housing bubble of the mid-2000s burst, the Western financial system proved as vulnerable as those of developing countries caught up in earlier crises - and a replay of the 1930s seems all top possible. Krugman shows how it happened and lays out the steps that must be taken to turn around a world economy sliding into a deep recession. Brilliantly crafted in his trademark style - lucid, lively, and supremely informed - this will become a cornerstone of the debate over how to respond to our current economic predicament."
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