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on 2 July 2012
This book challenges the political orthodoxy that government debt is bad. The challenge from Krugman is that when private individuals and companies are reducing spending, then if government does not step into the gap, the economy will be stuck in recession for a long time - sound familiar? There is another view of the world but Krugman's arguments are well worth reading if only to be more critically aware of the political and economic debates we hear daily on the news.
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on 27 December 2012
This book is unfortunately very relevant! It explains very clearly in non-technical terms the financial mayhem USA and Europe are in, the basic reasons for this tragic situation, and the dire consequences for the countries most affected of it. It's not to be avoided that some of his reasoning is a direct criticism of the liberal politics implemented by Republican Presidents from Reagan and onwards, even if also the Democratic Presidents get their fair share of the blame. The very promising title of the book, is a receipt that will meet a lot of resistance from affluent people all over the world, and of course from most Republicans and Conservatives. But on the other hand, the alternative, let the market sort out the situation without interference, is for most people too costly. If you wonder why the world isin the worst depession sinc the thirties and possible ways to get bck to normality, this is a book to read.
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on 21 April 2013
He doesn't hide the fact that he's a touch one sided but does write in a very simple to understand way in support of his points. A good, engaging, never quite engrossing, easy book about how we came to be where we are and how we might get out of it, nothing really technical in there. For those, like me, with no special economic or political knowledge it helps understand some of the issues I hear on the news or read in the papers and helps to put some of the amounts in focus.
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on 30 September 2012
On the day and age of populism and easy answers, "morality economics" takes foothold everywhere...

With so many lies used to justify "hidden agendas" for a "strongest society", Krugman rebates these somewhat established fantasies one by one without going into much unnecessary technical detail (there is room for that in the technical/academic publications).

As a footnote; some "center obsessed" European press is presenting this book as "American" perspective... don't fully go with this. Not only it is a global economy (with different multiplicative factors and consumer cultures), but also the author (when necessary), points the "small" (but important) differences between USA and EU (there is also a full final chapter specifically about EU in the book).
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on 5 August 2016
A very interesting book that would actually help to understand why modern economic policies failing to drag us out from the depression. Besides, the book offers a few solutions at to how we can end this economic nightmare.

If you are keen to find out why the current economic policies are useless and how to find a way out, I'd like to strongly recommend the book.
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on 11 September 2012
This is a great book especially for us that don't have a background in economics. It explains the real causes of the current crisis and what steps we need to take to put an end to this crisis. It's a pity some of the Finance Ministers around Europe don't read this and apply the simple economics to end this crisis now. I would say the book is also an excellent counter argument against right wing economics.
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on 13 July 2012
This is a well written and easy to understand even for anyone without a basic understanding of economics. It goes a long way to explain why the world is facing a financial crisis and offers a convincing argument that the US and European governments need to change tack if we are to tackle this.
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on 21 February 2013
This is one more great work by Paul Krugman, where the author is urging policy makers and the people to do the right thing and end the current depression. Unfortunately the priorities of republicans in the US and the conservatives in Europe is austerity at any cost. At least, when things get really awry, no body would be able to claim that there was no early warning.
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on 9 April 2016
Excellent book explaining the New Keynesian response to recessions. The book remains relevant in today's economic climate.
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on 4 February 2013
It's always a delight to read anything by Paul Krugman as he has that wonderful knack of making economics realistic and tangible. He strikes right to the heart of the matter in the first Chapter - we should indeed be angry that more isn't being done to lift the current depression. I hope this book works some of the magic he is hoping for.
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