End This Depression Now!
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End This Depression Now!

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4.0 of 5 stars 4.00  ·  rating details  ·  2,539 ratings  ·  314 reviews
The Great Recession is more than four years old—and counting. Yet, as Paul Krugman points out in this powerful volley, "Nations rich in resources, talent, and knowledge—all the ingredients for prosperity and a decent standard of living for all—remain in a state of intense pain."

How bad have things gotten? How did we get stuck in what now can only be called a depression? A...more
Hardcover, 259 pages
Published April 30th 2012 by W. W. Norton & Company (first published January 1st 2012)
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The Shock Doctrine by Naomi KleinA People's History of the United States by Howard ZinnThe Conscience of a Liberal by Paul KrugmanNickel and Dimed by Barbara EhrenreichTo Kill a Mockingbird by Harper Lee
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Trevor
This book is essentially an argument with America’s right. It makes clear what they are doing in forcing America and the world to follow the lunacy of neoliberal economic policies of austerity. It shows that such policies, which turn economics into a morality play, are the main reason for the continued devastation being wrought on the American and world economies. Although I seriously doubt anyone will have the political wherewithal to be able to implement the economic policies outlined here tha...more
Will Byrnes
Is what we are living through in the USA at present (2012) a recession, or something worse? And if so what can be done about it? In his latest outstanding book, Paul Krugman argues persuasively that we are indeed in another depression. Not as horrible as the one labeled “Great” but bad enough. He examines how we got to this state, what might be done to get the nation out of this depression, and considers the difficulties entailed with getting that done.

I cannot promise that after reading this b...more
Dan Raymo
I recently read Nobel Prize winning economist Paul Krugman's new book, End This Depression Now! It offers a relatively simple solution to alleviate the financial crisis that we're currently in. Before offering this solution however, he provides a fairly concise, yet comprehensive overview of economic theory (excellent for those of us that spent Macroeconomics 101 in a hangover induced stupor) and a complete history of how we came to this point. (Spoiler alert!) Once he detailed how the economy c...more
Bill  Kerwin

The thing I like about Krugman--besides the fact that he was right about Bush's mendacity and right about the economy's weaknesses before almost anybody else suspected either--is that he presents complex economic arguments in clear and simple prose, clear enough that a right-brained, liberal arts type like myself can understand them. Unfortunately--and this is not Krugman's fault--that doesn't mean I can remember his explanations adequately after a few days have passed, let alone comment upon th...more
Hadrian
This is a very incisive summary of the current economic crisis. Oh, if only Krug or Robert Reich were in the Cabinet!

It's hard for me to summarize Krugman's already tight lines of reasoning even further, but here goes.

-The major trend of economic policy of the past thirty years, from Reaganomics to the Bush tax cuts, has been a catastrophe.
-The present hesitance of both borrowers and creditors, leads to decreased demand.
-The deregulation of the financial markets, most notably Glass-Steagall, has...more
Kevin Cecil
I probably should have actually read END THIS DEPRESSION NOW! instead of listening to the audiobook version. Not only could I not see the multiple charts Krugman cites, but my mind also wanders more easily during the dry segments. I figured I listen to enough political podcasts that I could trust myself to pay attention, but nope. Half way through an explanation on the dangerous economic side effects transferring to the Euro caused Greece and Spain, my stupid brain starts wondering about the las...more
Aaron Arnold
That the developed world has been caught in a perfectly foreseeable, avoidable, solvable slump for four years now is so stupid it would be funny if it weren't so sad. Millions of man-years have been thrown away as the result of economic policies that shouldn't have passed the laugh test in an age where anyone can pick up a book on the Great Depression and read about what went wrong. Yet here we are, trillions of dollars poorer than we should be, standing by as elected leaders make decisions on f...more
Doris
This book is suck,I think it’s really useless.It can’t help me figure my personal problems out,it can’t relax me,and I’m really regret that I spent so much time and money on this book.I totally can’t stand why so much people said this book is great,just rubbish.It’s just for someone who has so much time and energy and who lose his mind.I am very mad with this book.My friend told me this book,and now I’m break up with her.
T. Edmund
End This Depression is an objective, positive yet realistic book about how America (and the rest of the struggling world) can work to end the recession that has lasted since 2008.

Krugman is non-partisan, and doesn't hesitate to pull punches where punches are due in discussing political and 'expert' opinion on economics and the recession.

Where End This Depression is refreshing is the novel is very much focussed on solving the problem, something which appears to be missing from the publishing envi...more
Daniel G.
What if we already knew what works to end the depression and return the world to a state of prosperity?

For Nobel Prize-winner in economics, Paul Krguman, the answer to our current economic problems lies in the works of economists who thought their way through the Great Depression. The economists he has in mind include John Maynard Keynes, Irving Fisher and Hyman Minsky.

Krugman starts with how bad things are now, considers the appropriate Depression Economics – his term for learning economists wh...more
Bryan
After reading this book I have more motivation to write my crazy right-wing junior tea party congressman than I've ever had before, and to let him know how unhappy I am with his votes. This motivation has come from the clear reasoning of Krugman. This is not because Krugman is anti-Right, or ultra-Left, but because of how Krugman clearly lays out the intellectual deficiency among politicians as it relates to macroeconomic principles. These leaders are out of their league, and if I were them, I'd...more
Stan Murai
The author Paul Krugman is a Nobel Prize winner in
Economics, a columnist for the New York Times, and
a professor at Princeton University. He has written
an engaging book on how to end the unemployment crisis
which still includes some 24 million Americans without
jobs or underemployed at depression era rates, even
though the Great Recession technically ended years ago.

The nature of the disaster should not be mysterious at
all; he writes "...in the Great Depression leaders had
an excuse: nobody really u...more
Carmen
Not as exhaustive as the Stiglitz book (The Price of Inequality), but a more effective argument. Krugman writes persuasive, clear, lucid prose that doesn't tell the reader what to think but rather invites him to contemplate the crises, the issues, and the solutions past and present that might work. He compares our present problems with the crises faced in the 30s with the Great Depression. Besides drawing parallels and suggesting solutions(such as more taxation for the rich, more direct job crea...more
Doug Orleans
Jul 19, 2012 Doug Orleans rated it 4 of 5 stars
Recommends it for: swing voters...
Not much new for those who have been reading his NY Times columns, but it's good to have the whole story laid out (with an appropriately urgent title). My only quibble is that he tends to demonize the opposition; there may very well be rampant corruption in Congress, but you don't need to posit conspiracy theories to explain the facts (and it may alienate many readers who would otherwise be receptive to the basic Keynesian argument).

And far more damaging than politicians on the take, in my opini...more
Luis
Bueno... la verdad es que me ha decepcionado.

En este libro el prestigioso economista Krugman nos da una visión distinta a la que estamos acostumbrados a oír todos los días, y nos explica por qué realmente Europa y EEUU están tan mal. Nos afirma también que si la economía tomara un enfoque menos monetarista y más keynesiano las cosas nos irían mejor, y que sólo con revertir los recortes ya recuperaríamos empleo. Da alguna solución más, pero no muchas como prometía.

Está excesivamente enfocado en l...more
Ian Robertson
Nobel Laureate and frequent New York Times columnist Paul Krugman can come across as a Keynesian crusader. He acknowledges as much in this book, and although he includes the occasional political and professional jibe (taking more shots at the latter than the former), this excellent work should not be seen as a political text at all. End This Depression Now! delivers a timely, well reasoned and well written refutation of the call for austerity and instead an advocation of Keynesian spending as th...more
Heather
Having no formal education in economics some of this was a little over my head, but Krugman makes it palatable to even neophytes like myself. I learned a lot from his descriptive but not at all wonky narrative. My interest in the economy sparked, as it did for many I'm sure, after ours tanked. I like to have a working knowledge of what's going on, what's wrong and how it can be fixed and this book fit the bill. I'm a regular reader of Krugman's New York Times Column and his blog and his predicti...more
Book
End This Depression Now! By Paul Krugman

“End This Depression Now!” is the plea that makes the persuasive case that we indeed have the knowledge and tools to get out this depression. Nobel prize-winning economist and best-selling author Paul Krugman provides his usual intellectual clarity and sound suggestions on how best to end this economic depression. This is a proactive book, the author lays out what needs to be done and how it can be done while acknowledging the opposition to his arguments....more
Ob-jonny
I seem to say it often about Paul Krugman's books but I think this is the most important book that has come out lately about economics. It is very current and it breaks down the Euro crisis in such a way as to make it very understandable, but the causes and the outlook. It suggests something that is not in the mainstream media and is unthinkable in Europe. It suggests that the currency union and the Euro itself will never work for fundamental reasons. No amount of fiscal discipline or good behav...more
Travis Fortney
Reading this, I couldn't help but think that Krugman's key points could be easily summarized in a page or two. The point of this book, of course, is to allow a lay-reader such as myself to understand those key points, and I think I did come away from the book with at least a slightly better understanding of the economy's current woes. Krugman writes in a matter-of-fact, easy-to--follow manner, surrounding somewhat dense economic theory with breezy anecdotes, analogies, and extended metaphors. It...more
Victoria
Minor downsides: 1)Sometimes Krugman will explain a concept in one paragraph and finish with a sentence like "But I've probably talked too much about this already, so let's move on." I assume he's acknowledging that his intended audience doesn't need total comprehension of every concept to get the points he makes and so in the spirit of space limitations and attention spans, ushers the crowd forward. To me, it felt more "Pay no attention to that man behind the curtain."

2)Krugman also sneaks in s...more
Nusaybah
3/3/13 Sunday
If someone had ever told me that an economics book would keep me in my underware, scrounging for fingerfood and away from the sun... I would have told them, never, never could happen, never would happen... not in this life... never. And I would have been wrong. This book is written so well that I arrived at page 150 before I felt it was necessary to obtain a bit of background information on Weimar economics, import and export specifics in Zimbabwe, and the issues of a nation not hav...more
H Wesselius
Having read Krugman's NYT columns and some of his previous books, I was not surprised by his newest book. And given I've read the arguments before, it didn't take me long to read. In some way, this book is an adult intelligent rendering of the child-like I told you so. He reviews the past four years, points out past failures, his past advice and why he was right then and is right now. Since I agree with him, I have no problem with his attitude but for those who still hold faith and maintain ideo...more
Hugo Luis
Con su lectura me quedó claro que las fuerzas básicas de la economía no son tan complejas como parecen y, además, cada vez me convenzo más de que las crisis y depresiones financieras no son causadas por dichas fuerzas fuera del control humano, si no por la codicia e hijueputes de los banqueros y gobernantes.

Otra cosa que me dejó su lectura es que ahora el término "liberalismo" y sus "consecuencias" dejaron de ser conceptos abstractos o académicos, ya que muestra los ejemplos específicos de qué p...more
Mike
Perhaps the best widely known current liberal American economist finished writing this book in Feb 2012 and published in Apr 2012. A well written book whose basic thesis that the deficit, national debt, energy, and the dollar value is not our undoing and that the only thing to get us out of our mess is the expansion of jobs. He laments the fact that we lost 300,000 teachers yet the country helped the banks who has the ruling class under its thumbs. It's the best book I have read on the subject i...more
Matthew
A concise and very readable argument for a better way out of our messy economy. As far as I'm concerned, the best part is that Krugman uses very little jargon, so that those of us who don't have doctorates in economics can understand what he's saying. And his suggestions all seem much more reasonable than the people who say, "Oh, there's nothing we can do about this, we just need to be better people, and then the confidence fairy will wave her magic wand and things will all be better." If I had...more
L
A couple of years old. Not out of date. Fabulous! Krugman's writing is down to earth & accessible. His analysis & arguments are persuasive.
Stephan Renkens
Paul Krugman is cursing in the church. Western governments are preaching austerity, pushed by financial markets, rating agencies, OESO and IMF. While governments are reducing debt, private companies do cost cutting and also households reduce their spending. A record amount of money dwells on savings accounts. As a result we see many companies going out of business and skyrocketing unemployment, and some claim that this is a beneficial process.

Not so Paul Krugman, who declares himself a neo-Keyne...more
Antonio Dittmann
Prof. Krugman is one of this nation's most underutilized and unheeded national treasures. Many of us, myself among them, hung on his every word when the "Great Recession-we-can't-call-Depression" got started. Some of us lotus eaters even had the crazy idea that he would have been perfect for the job that, sadly, went to Timothy Geithner. It was a case of Wall Street trumping Pennsylvania Avenue. So what's new?

It's one thing when you can honestly say, "I didn't have any way to see this coming."...more
Ken Hales
I read this book to find out what the other side of the macro-economics debate thinks. There are two schools of thought out there: The "Freshwater" school (espoused by schools inland such as Chicago) sides with the likes of Friedman, Sowell, and Hayek, who believe in laissiz-faire, free-market economics. The "Saltwater" school (taught by schools on the coasts, such as Boston and Berkely) sides with Keynes and Krugman. I tend towards freshwater. Krugman did not convince me at all. In fact, his bo...more
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Republicans are Traitors 1 28 May 12, 2012 07:34AM  
  • The Price of Inequality
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  • Austerity: The History of a Dangerous Idea
  • The Great Divergence: America's Growing Inequality Crisis and What We Can Do about It
  • ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism
  • Pity the Billionaire: The Hard-Times Swindle and the Unlikely Comeback of the Right
  • Aftershock: The Next Economy and America's Future
  • It's Even Worse Than It Looks: How the American Constitutional System Collided With the Politics of Extremism
  • Twilight of the Elites: America After Meritocracy
  • Zombie Economics: How Dead Ideas Still Walk Among Us
  • Winner-Take-All Politics: How Washington Made the Rich Richer--and Turned Its Back on the Middle Class
  • The New New Deal: The Hidden Story of Change in the Obama Era
  • Crisis Economics: A Crash Course in the Future of Finance
  • Our Divided Political Heart: The Battle for the American Idea in an Age of Discontent
  • Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America
  • Plutocrats: The Rise of the New Global Super Rich and the Fall of Everyone Else
  • The Price of Civilization: Reawakening American Virtue and Prosperity
  • Republic, Lost: How Money Corrupts Congress--and a Plan to Stop It
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Paul Robin Krugman is an American economist, liberal columnist and author. He is Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs, Princeton University, Centenary Professor at the London School of Economics, and an op-ed columnist for The New York Times. In 2008, Krugman won the Nobel Memorial Prize in Economics for his contributions...more
More about Paul Krugman...
The Return of Depression Economics and the Crisis of 2008 The Conscience of a Liberal The Great Unraveling: Losing Our Way in the New Century The Accidental Theorist and Other Dispatches from the Dismal Science Peddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations

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“It was only with the crisis that debt soared.
Yet many Europeans in key positions - especially politicians and officials in Germany, but also the leadership of the European Central Bank and opinion leaders throughout the world of finance and banking - are deeply committed to the Big Delusion, and no amount of contrary evidence will shake them. As a result, the problem of dealing with the crisis is often couched in moral terms: nations are in trouble because they have sinned, and they must redeem themselves through suffering.
And that's a very bad way to approach the actual problems Europe faces.”
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“These senior claims were supposed to be very low-risk; after all, how likely was it that a large number of people would default on their mortgages at the same time? The answer, of course, is that it was quite likely in an environment where homes were worth 30, 40, 50 percent less than the borrowers originally paid for them. So a lot of supposedly safe assets, assets that had been rated AAA by Standard & Poor's or Moody's, ended up becoming "toxic waste", worth only a fraction of their face value.” 1 likes
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