The Return of Depression Economics

About “The Return of Depression Economics”

Paul R. Krugman's book examines how economic crises in Asia and Latin America during the 1990s signaled a resurgence of the conditions that caused the Great Depression. In a revised edition, Krugman analyzes the collapse of the U.S. housing bubble and the failure of financial regulation, arguing that these factors led to a global financial crisis comparable to the 1930s, and outlines the policy measures needed to address the resulting deep recession.