The Return of Depression Economics and the Crisis of 2008

The Return of Depression Economics shows how today’s crisis parallels the Great Depression and explains how to avoid catastrophe. This major bestseller warns that, like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression have made a comeback. It lays bare the 2008 financial crisis―the greatest since the 1930s―tracing it to the failure of regulation to keep pace with an out-of-control financial system. The Return of Depression Economics also tells us how to contain the crisis and turn around a world economy sliding into a deep recession. Brilliantly crafted in Krugman’s trademark style―lucid, lively, and supremely informed―this book has become an instant classic.