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End This Depression Now! Paperback – January 28, 2013


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Product Details

  • Paperback: 288 pages
  • Publisher: W. W. Norton & Company; 1 edition (January 28, 2013)
  • Language: English
  • ISBN-10: 0393345084
  • ISBN-13: 978-0393345087
  • Product Dimensions: 8.2 x 5.5 x 0.7 inches
  • Shipping Weight: 8 ounces (View shipping rates and policies)
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (292 customer reviews)
  • Amazon Best Sellers Rank: #111,187 in Books (See Top 100 in Books)

Editorial Reviews

Review

“Paul Krugman is stepping up to play the kind of role that John Maynard Keynes performed in the 1930s.” (Dissent)

“A thoroughly persuasive polemic against premature fiscal austerity in the wake of a deep recession.” (Financial Times)

““[Krugman] makes an urgent, even passionate case that our economic problems are, at root, fairly simple, and we have the knowledge and the tools to solve them.” (Rolling Stone)

“An important contribution to the current study of economics and a reason for hope that effective solutions will be implemented again.” (Kirkus Reviews)

“Starred review. Krugman (Fuzzy Math), winner of the 2008 Nobel Prize in Economics, takes an edifying and often humorous journalistic approach to the current economic crisis in this accessible and timely study. Rather than provide a mere postmortem on the 2008 collapse (though relevant history lessons are provided), Krugman aims to plot a path out of this depression. Krugman has consistently called for more liberal economic policies, but his wit and bipartisanship ensure that this book will appeal to a broad swath of readers—from the Left to the Right, from the 99% to the 1%.” (Publishers Weekly)

About the Author

Paul Krugman is the recipient of the 2008 Nobel Prize in Economics. He is a best-selling author, columnist, and blogger for the New York Times, and is a professor of economics and international affairs at Princeton University.

More About the Author

Paul Krugman is the recipient of the 2008 Nobel Prize in Economics. He writes a twice-weekly op-ed column for the New York Times and a blog named for his 2007 book "The Conscience of a Liberal." He teaches economics at Princeton University. His books include "The Accidental Theorist," "The Conscience of a Liberal," "Fuzzy Math," "The Great Unraveling," "Peddling Prosperity," and two editions of "The Return of Depression Economics," both national bestsellers.

Customer Reviews

By reading this book, you will understand why that is wrong and, in fact, is the exact opposite of what we really need to do.
Ralph D. Hermansen
This is an extremely important book for understanding the current crisis, and is very well written with good background material supporting his arguments.
Bill Cunningham
Dr. Krugman describes the causes of the current economic debacle and explains how we could solve our current economic problems quickly.
Chester Edward Bowen

Most Helpful Customer Reviews

395 of 457 people found the following review helpful By Adam on April 30, 2012
Format: Hardcover Verified Purchase
End this Depression Now contains Paul Krugman's analysis and prescriptions for the crisis that has gripped America and the world since 2008. The book is very readable and accessible; Krugman is skilled at using descriptive narrative and analogies while avoiding technical jargon.

The most important aspect of the book is its focus on the on-going jobs crisis. Krugman clearly understands that, as far as most average people are concerned, access to a good job and decent wages are the most important gauge of prosperity. The book does a great job of highlighting the devastating human costs of the current unemployment crisis, especially for younger people who are just entering the job market and are unfortunately likely to feel the impact not just in the short term, but throughout their entire careers.

Krugman shows how a lack of demand for products and services is keeping us in the current depression and may ultimately cost us at least $5 Trillion (and perhaps much more) in lost productive output and earnings. He also explains the "saltwater v. freshwater" rivalry in economics and suggests that conservative economists who argue against action to revive the economy are ignoring reality and relying on a "quasi-religious" faith in markets. Next he looks at how soaring income inequality resulted in policies such as excessive deregulation of the financial industry that directly led to the crisis. There's also a section on the problems in Europe and the role a common currency has played.

Krugman argues effectively that the stimulus was insufficient and that we need more spending on infrastructure as well as more action by the Fed and revised rules to make it easier for homeowners to take advantage of low mortgage rates.
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175 of 215 people found the following review helpful By Ken Brosky on May 2, 2012
Format: Hardcover
I've enjoyed Krugman's previous books and have been reading his New York Times blog for the past five years now because, quite frankly, he's been almost always right about major economic policies. In this book, Krugman lays out the case for spending more money in order to pull the economy out of its economic doldrums quickly and with as little pain as possible to regular Joes/Janes like you and me.

Krugman's point isn't that the U.S. government should ALWAYS spend lots of money (or "print" lots of money, as some angry reviewers have put it). Krugman's argument is that in a recession where the Federal Reserve can't lower its rates any further, the government MUST continue spending money. The alternative is called austerity, and that policy is having disastrous effects in Europe even as we speak. Why? Because when the government cuts spending, it's cutting JOBS.

Krugman lays out his argument in the book on government spending and a higher inflation target, which--again!--he clearly states isn't supposed to be permanent or by any means debilitating. He also discusses the economic discussions that have thrown us back into this "Dark Age" where previously debunked theories have now become the mainstream way of thinking. In his sections on the ramifications of an economic depression, Krugman also points out just how much suffering goes along with these periods and makes a strong case for ensuring that our government does everything it can to pull the economy back on track. Learning from the mistakes of the Obama administration is a good thing and could help us in the future ... and Krugman has no problem pointing out President Obama's economic mistakes.

I strongly recommend this book even if you disagree with Krugman's policy prescriptions. Why? Because he's been right so far, and the people who have given this book negative reviews seem to have no idea what the book is actually about.
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160 of 198 people found the following review helpful By Todd Bartholomew TOP 1000 REVIEWERVINE VOICE on April 30, 2012
Format: Kindle Edition
With his latest book Nobel laureate economist Paul Krugman boldly claims that the American economy is in a depression, not a recession and that, despite protestations from politicians and fellow economists, we have the power to end this depression, but we lack the political leadership to do so. The first portion of Krugman's argument is provocative enough and certainly spurs disputation with his fellow macroeconomists. Some, like Krugman, agree that we've been in a prolonged recession since 2008 with brief periods of recovery followed by relapses. By now most everyone knows what brought on our current economic malaise: consumers became over-leveraged with debt, our government ran massive deficits, and a housing bubble was allowed to develop unchecked and subsequently burst. When the housing market crashed and we all realized how overextended we all were the economy went into an intense period of retrenchment from which we have not yet recovered. Krugman offers up a summary of the crisis in a way that lay people can understand. Macroeconomics may be boring to some, but it's not impenetrable, and Krugman walks readers through it all with concise easy to follow prose. The parallels to the Great Depression are a bit ominous to say the least, especially if you've studied that period of our history. The economists and the public of that era scarcely understood what was occurring and were uncertain how to progress. Much like our current era there were points where the economy seemed to recover. Certainly not everyone was unemployed and economic activity continued on at varying levels, just as now. And that's the scary part, the parallels between the Great Depression and now that Krugman lays out.Read more ›
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