The Great Unravelling: From Boom to Bust in Three Scandalous Years [Hardcover]

"Despite its alarming message, this book is a pleasure to read."

"Krugman is an outstanding economist, at his most impressive when picking his way through fiscal and social policy."

Paul Krugman chronicles how the boom economy unravelled: how exuberance gave way to pessimism, how the age of corporate heroes gave way to corporate scandals, how fiscal responsibility collapsed. From his account of the secret history of the California energy crisis to his dissections of the Bush administration, Paul Krugman tells the truth about how the United States lost its way.

Paul Krugman has been called "the most celebrated economist of his generation" (The Economist). He has been named America's most important columnist by Washington Monthly, and Columnist of the Year by Editor and Publisher magazine. He teaches at Princeton University. He writes an exceptionally influential twice-weekly column in the New York Times, many of which are included in this book. His previous books include The Return of Depression Economics and The Accidental Theorist.