{"product_id":"the-return-of-depression-economics-by-paul-krugman-9781846142390","title":"The Return of Depression Economics","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003ePaul Krugman, winner of the 2008 Nobel Prize in economics, shows how today's crisis parallels the events that caused the Great Depression and explains what it will take to avoid catastrophe.\u003c\/p\u003e\n\n\u003cp\u003eIn 1999, in \u003cem\u003eThe Return of Depression Economics\u003c\/em\u003e, Paul Krugman surveyed the economic crises that had swept across Asia and Latin America, warning that those crises were a warning for all of us. Like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression were making a comeback.\u003c\/p\u003e\n\n\u003cp\u003eIn the years that followed, as Wall Street boomed and financial wheeler-dealers made vast profits, the international crises of the 1990s faded from memory. But now depression economics has come to America. When the great housing bubble of the mid-2000s burst, the U.S. financial system proved as vulnerable as those of developing countries caught up in earlier crises, making a replay of the 1930s seem all too possible.\u003c\/p\u003e\n\n\u003cp\u003eIn this new, greatly updated edition of \u003cem\u003eThe Return of Depression Economics\u003c\/em\u003e, Krugman shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States, and the world as a whole, up for the greatest financial crisis since the 1930s. He also lays out the steps that must be taken to contain the crisis and turn around a world economy sliding into a deep recession.\u003c\/p\u003e\n\n\u003cp\u003eBrilliantly crafted in Krugman's trademark style—lucid, lively, and supremely informed—this new edition of \u003cem\u003eThe Return of Depression Economics\u003c\/em\u003e will become an instant cornerstone of the debate over how to respond to the crisis.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Penguin Random House NZ","offers":[{"title":"Default Title","offer_id":47600202449132,"sku":"9781846142390","price":23.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/b3cbcfc584a1e8530d63887fac07d287.jpg?v=1778037102","url":"https:\/\/bookhero.co.nz\/products\/the-return-of-depression-economics-by-paul-krugman-9781846142390","provider":"Book Hero","version":"1.0","type":"link"}