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I don't understand where the "neo" in "neo-keynesianism" comes from. I don't know much about it, but this sounds pretty much like the old Keynesianism to me. A bit more empirical evidence would be nice. This book reads like an opinion piece in which the argument sounds intuitively like it might be true so the reader should buy it. The happenings in the great depression are the only thing presented as empirical evidence. I would prefer a little more data.
What if we already knew what works to end the depression and return the world to a state of prosperity?For Nobel Prize-winner in economics, Paul Krguman, the answer to our current economic problems lies in the works of economists who thought their way through the Great Depression. The economists he has in mind include John Maynard Keynes, Irving Fisher and Hyman Minsky.Krugman starts with how bad things are now, considers the appropriate Depression Economics – his term for learning economists wh...
An impressive defense of the Keynesian consensus, some very informative bits on fiscal policy and austerity, in a time when the world needed to listen. However, it’s important to note that Krugman was wrong- spending kept decreasing but jobs grew- the problem was partly structural, it wasn’t all magneto trouble, as he says. That could partly be explained by QE, but on a larger scale, he got the future wrong. He’s also excessively dismissive of policies from the right wing, and such dismissal of
That the developed world has been caught in a perfectly foreseeable, avoidable, solvable slump for four years now is so stupid it would be funny if it weren't so sad. Millions of man-years have been thrown away as the result of economic policies that shouldn't have passed the laugh test in an age where anyone can pick up a book on the Great Depression and read about what went wrong. Yet here we are, trillions of dollars poorer than we should be, standing by as elected leaders make decisions on f...
I probably should have actually read END THIS DEPRESSION NOW! instead of listening to the audiobook version. Not only could I not see the multiple charts Krugman cites, but my mind also wanders more easily during the dry segments. I figured I listen to enough political podcasts that I could trust myself to pay attention, but nope. Half way through an explanation on the dangerous economic side effects transferring to the Euro caused Greece and Spain, my stupid brain starts wondering about the las...
Have you noticed that "common-sense'" "kitchen table"' economics, when applied to the great world stage, almost always turns out to be wrong? That's because macro-economics is different from micro-economics: a difference in size becomes a difference in kind.Paul Krugman's specialty is macro-ecomics. Perhaps that is one of the reasons he is often right about big issues--like depression and world-wide financial crises-- when so many others are wrong.But the thing I like about Krugman, besides the
Is what we are living through in the USA at present (2012) a recession, or something worse? And if so what can be done about it? In his latest outstanding book, Paul Krugman argues persuasively that we are indeed in another depression. Not as horrible as the one labeled “Great” but bad enough. He examines how we got to this state, what might be done to get the nation out of this depression, and considers the difficulties entailed with getting that done. I cannot promise that after reading this b...
This book is essentially an argument with America’s right. It makes clear what they are doing in forcing America and the world to follow the lunacy of neoliberal economic policies of austerity. It shows that such policies, which turn economics into a morality play, are the main reason for the continued devastation being wrought on the American and world economies. Although I seriously doubt anyone will have the political wherewithal to be able to implement the economic policies outlined here tha...
I recently read Nobel Prize winning economist Paul Krugman's new book, End This Depression Now! It offers a relatively simple solution to alleviate the financial crisis that we're currently in. Before offering this solution however, he provides a fairly concise, yet comprehensive overview of economic theory (excellent for those of us that spent Macroeconomics 101 in a hangover induced stupor) and a complete history of how we came to this point. (Spoiler alert!) Once he detailed how the economy c...
Paul Krugman has won a Nobel Prize in economics. Reading this book, which is a plea for governments to pour money into their economies to generate spending, I became convinced that this man may be an expert at accounting and high finance but knows little about world geopolitics. I'm no economist; I'm a small business owner in Ireland. A canary in a coal mine in a marginal economy. So I apologise for sounding in any way disrespectful. Krugman states that he started to see problems developing in t...
This book is suck,I think it’s really useless.It can’t help me figure my personal problems out,it can’t relax me,and I’m really regret that I spent so much time and money on this book.I totally can’t stand why so much people said this book is great,just rubbish.It’s just for someone who has so much time and energy and who lose his mind.I am very mad with this book.My friend told me this book,and now I’m break up with her.
End This Depression is an objective, positive yet realistic book about how America (and the rest of the struggling world) can work to end the recession that has lasted since 2008.Krugman is non-partisan, and doesn't hesitate to pull punches where punches are due in discussing political and 'expert' opinion on economics and the recession.Where End This Depression is refreshing is the novel is very much focussed on solving the problem, something which appears to be missing from the publishing envi...
4.5 stars.Published four years after the 2008 recession to comment on various governments’ responses and attempts at recovery, in End This Depression Now! the Nobel Prize-winning economist Paul Krugman gives the New Keynesian case for stimulus and government spending as an antidote to periods of economic depression. Although almost a decade old, for obvious reasons it seems pertinent now in these COVID-ridden times.I enjoyed this much more than Thomas Sowell’s Basic Economics, particularly in te...
This isn't really a three-star book, but I gave it three stars because I've been a reader of Paul Krugman's columns for the last few years now, and basically all the points made in End This Depression Now! are ones that he's been writing about for all that time. The book is all in one place, and it's a continuous narrative with an index, so for people who haven't read Krugman's output, there's plenty of information here.The basic argument of End This Depression Now! is that the problems with the...
The author Paul Krugman is a Nobel Prize winner inEconomics, a columnist for the New York Times, anda professor at Princeton University. He has writtenan engaging book on how to end the unemployment crisiswhich still includes some 24 million Americans withoutjobs or underemployed at depression era rates, eventhough the Great Recession technically ended years ago. The nature of the disaster should not be mysterious atall; he writes "...in the Great Depression leaders hadan excuse: nobody really u...
After reading this book I have more motivation to write my crazy right-wing junior tea party congressman than I've ever had before, and to let him know how unhappy I am with his votes. This motivation has come from the clear reasoning of Krugman. This is not because Krugman is anti-Right, or ultra-Left, but because of how Krugman clearly lays out the intellectual deficiency among politicians as it relates to macroeconomic principles. These leaders are out of their league, and if I were them, I'd...
Minor downsides: 1)Sometimes Krugman will explain a concept in one paragraph and finish with a sentence like "But I've probably talked too much about this already, so let's move on." I assume he's acknowledging that his intended audience doesn't need total comprehension of every concept to get the points he makes and so in the spirit of space limitations and attention spans, ushers the crowd forward. To me, it felt more "Pay no attention to that man behind the curtain."2)Krugman also sneaks in s...
So disappointing I couldn't finish. It got good reviews and readers wrote about the author's objectivity. He made some good points, however in bring up the counter arguments, he only raised the easily refutable. He didn't address some of the really sticky points, as if they didn't exist. His tone implied that anyone those who have a differing view are just ignoring the obvious. Anyway, as I listened to his points, I kept wanting to ask questions so I could fully understand his view and consequen...
Great book, probably one of the best reads on how to fix the economy. I’ve read several of Krugman’s past books, and this is really the first one that I felt really talked at a level most people could understand. I have no doubt Krugman’s assessment of the situation is dead on and his solutions are solid. However, I also have no doubt that the ignorant people with self serving views outnumber those who really want to work towards solutions. Krugman ties in several authors that I have read, and m...
There are quite a few interesting economic theories being thrown in as support for the recommendations of this book but I don't think these theories and findings built a cohesive story to justify the call to action in the book. After the read, the book feels closer to something loosely put together to support the political goal, rather than something with a greater and more noble cause. As the title put it, it is a literal and economic attack on each of the issues that Paul Krugman think is perp...