The Return Of Depression Economics (1999) - Plot & Excerpts
Informative for the most part. I was somewhat put off by his repeated reference to the babysitting coop as a way to discuss debt, but I suppose it works. I kept waiting for him to excoriate Greenspan, but he never did - this seems short-sighted in light of how wrong Greenspan was for so long, and how right Krugman always claims himself to be. He never really, to my satisfaction, explained why the bundling of credit packages for the housing market had the impact that they did. Of course, this is probably why so many bankers and investors got snaggled up with them in the first place. It is not clear to me whether Krugman had much to do with titling the book - I suspect this is often the case with authors and their publishers. But with Krugman, you have to think that he would have been intimately involved with that decision - in which case I don't think his book quite made the case the title conveyed. Informative for the most part. I was somewhat put off by his repeated reference to the babysitting coop as a way to discuss debt, but I suppose it works. I kept waiting for him to excoriate Greenspan, but he never did - this seems short-sighted in light of how wrong Greenspan was for so long, and how right Krugman always claims himself to be. He never really, to my satisfaction, explained why the bundling of credit packages for the housing market had the impact that they did. Of course, this is probably why so many bankers and investors got snaggled up with them in the first place. It is not clear to me whether Krugman had much to do with titling the book - I suspect this is often the case with authors and their publishers. But with Krugman, you have to think that he would have been intimately involved with that decision - in which case I don't think his book quite made the case the title conveyed.
What do You think about The Return Of Depression Economics (1999)?
Must read for those who want to have a look at the history of financial crisis happened across the globe. The pure economics is never is play its always carried away with a political motive which actually ruin it and makes the markets goes haywire. The short term profits are taken at the cost of long term economic growth. with financial institutions playing with investors money and bloody stupid hedge funds and wealth manager plots further ways to get a new doom strategies. we are living at a edge of a major economic crisis...stay cautious
—carla
Must read for those who want to have a look at the history of financial crisis happened across the globe. The pure economics is never is play its always carried away with a political motive which actually ruin it and makes the markets goes haywire. The short term profits are taken at the cost of long term economic growth. with financial institutions playing with investors money and bloody stupid hedge funds and wealth manager plots further ways to get a new doom strategies. we are living at a edge of a major economic crisis...stay cautious
—Kris
Excellent work and a fresh view on recent events.
—oro
