Acabad Ya Con Esta Crisis (2012) - Plot & Excerpts
A well-done update to Krugman's 1999 (and then 2008) "The Return of Depression Economics". Whereas RoDE built its arguments on models and illustrative examples--who can forget the oft-cited DC Baby Co-op, which gets a nod in this volume as well--ETDN is steeped in real-world examples related to the ongoing economic woes in the US and Europe. It's highly proscriptive, which I like. It's good for a book that's complaining about something to offer solutions in the same breath.Furthermore, ETDN has the courage of its convictions in ways that RoDE didn't. It's bold, well-articulated, accessible, and passionate. And, since it's only a couple of years old, it doesn't feel dated the way RoDE does (it's an unfortunate affect of current-events-driven books that they lose their bite when events are no longer current). I have my undergraduate degree in economics, so I sometimes pick up books like this to re-kindle the glowering embers of interest that lead me to study in this field. As I read, I mentally play out imaginary arguments that pit me against politically conservative challengers, paying special attention to every details, hoping these gems of explanatory detail will become my ammunition for future confrontation. But, the reality is that my degree in economics really only brought me far enough along the economist path of information to know that I don't know anything. Other than a few buzz words, I look to these books hoping to move further along this path and gain a better understanding of this field. I followed along easy enough during the read, but the explanations in the narrative we're heavy-laden with Econ speak and I realize that although I agree with the content, I would be hard pressed to regurgitate any of this in a useful or intelligent way. Very well written, and worth picking up.
What do You think about Acabad Ya Con Esta Crisis (2012)?
Difficult to understand the details. Just learned one thing - spend more!
—jcat
Fast read. Keynsian view on current economic policy
—danny
