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End This Depression Now!

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3.96  ·  Rating details ·  4,395 ratings  ·  396 reviews
A call-to-arms from Nobel Prize?winning economist and best-selling author Paul Krugman. 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 ...more
Hardcover, 259 pages
Published April 30th 2012 by W. W. Norton & Company (first published January 1st 2012)
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3.96  · 
Rating details
 ·  4,395 ratings  ·  396 reviews


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Bill  Kerwin
Jun 03, 2012 rated it really liked it
Shelves: politics

Have you noticed that "common-sense'" "kitchen table"' economics, when applied to the great world stage, almost always turns out to be wrong? That's because macro-economics is different from micro-economics: a difference in size becomes a difference in kind.

Paul Krugman's specialty is macro-ecomics. Perhaps that is one of the reasons he is often right about big issues--like depression and world-wide financial crises-- when so many others are wrong.

But the thing I like about Krugman, besides the
...more
Trevor
Aug 06, 2012 rated it it was amazing
Shelves: economics
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
Jun 20, 2012 rated it it was amazing
Shelves: economics, nonfiction
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
Aug 17, 2012 rated it it was amazing
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
Peter Mcloughlin
Krugman is a Keynesian economist who explains that we need to apply the solutions of the thirties to the Great Recession. Namely large and well-directed stimulus to solve the recession in the wake of the housing bubble and in addition bring back a lot more banking regulation to keep crisis like the housing bubble from causing the chaos it did. The stimulus in 2009 by Obama and co. was weak sauce and inadequate to what was needed and the right's call for austerity was a much worse policy prescrip ...more
Clare O'Beara
Paul Krugman has won a Nobel Prize in economics. Reading this book, which is a plea for governments to pour money into their economies to generate spending, I became convinced that this man may be an expert at accounting and high finance but knows little about world geopolitics. I'm no economist; I'm a small business owner in Ireland. A canary in a coal mine in a marginal economy. So I apologise for sounding in any way disrespectful.

Krugman states that he started to see problems developing in t
...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
Doris
Sep 09, 2014 rated it it was ok
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.
Daniel Taylor
Mar 21, 2013 rated it it was ok
Shelves: economics
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
Thomas Edmund
Jun 13, 2012 rated it really liked it
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
Aaron Arnold
May 24, 2012 rated it it was amazing
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
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
Brian
This isn't really a three-star book, but I gave it three stars because I've been a reader of Paul Krugman's columns for the last few years now, and basically all the points made in End This Depression Now! are ones that he's been writing about for all that time. The book is all in one place, and it's a continuous narrative with an index, so for people who haven't read Krugman's output, there's plenty of information here.

The basic argument of End This Depression Now! is that the problems with the
...more
Stan Murai
Dec 26, 2013 rated it really liked it
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
Bryan
May 12, 2012 rated it really liked it
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
Victoria
Jun 28, 2014 rated it really liked it
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
Julie
Aug 14, 2012 rated it did not like it  ·  review of another edition
Shelves: economics
So disappointing I couldn't finish. It got good reviews and readers wrote about the author's objectivity. He made some good points, however in bring up the counter arguments, he only raised the easily refutable. He didn't address some of the really sticky points, as if they didn't exist. His tone implied that anyone those who have a differing view are just ignoring the obvious.

Anyway, as I listened to his points, I kept wanting to ask questions so I could fully understand his view and consequen
...more
Yang
Jul 18, 2015 rated it it was ok
Shelves: economy
There are quite a few interesting economic theories being thrown in as support for the recommendations of this book but I don't think these theories and findings built a cohesive story to justify the call to action in the book. After the read, the book feels closer to something loosely put together to support the political goal, rather than something with a greater and more noble cause. As the title put it, it is a literal and economic attack on each of the issues that Paul Krugman think is perp ...more
Robert Jerome
Aug 14, 2015 rated it liked it
I don't understand where the "neo" in "neo-keynesianism" comes from. I don't know much about it, but this sounds pretty much like the old Keynesianism to me. A bit more empirical evidence would be nice. This book reads like an opinion piece in which the argument sounds intuitively like it might be true so the reader should buy it. The happenings in the great depression are the only thing presented as empirical evidence. I would prefer a little more data.
Michael Li
Sep 11, 2014 rated it it was ok
This book is mainly about economics.The accurate number in this book is very useful to me. However, it is not useful to any sane man. The very idea that humans are “rational” sits uncomfortably with me. Economics is the dismal and boring science. So you need to be patient enough to come across this book.But when you finish it,you will be a professior of invest.
Carlos Gaitán
Feb 15, 2016 rated it it was ok
This is a book worth reading, as long as you're prepared for 90% of the length of the book devoted to Krugman defending his posture from criticism and different economic and political views. It did give me a basic understanding of some modern economics issues and the book suggests a clear strategy for getting out of the current depression.
Frank
Sep 09, 2014 rated it it was ok
It’s the most terrible book I have ever seen. It is just like the rubbish. No body will like it.if you read this book you will feel sick and uncomfortable.just like the rubbish in the bin. It’s really bad. I don’t know why the writer wrote such a book.this book is just like my friend Rick I can’t stand him and this book.
Travis Fortney
Jul 04, 2012 rated it really liked it
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
Book
May 01, 2012 rated it really liked it
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
Alexis Tatore
Jan 03, 2013 rated it liked it
End This Depression Now! by Paul Krugman

The impending fiscal cliff looms over the nation. America collectively fears spiked taxes, sequestration, and a double-dip recession. Policy makers have been debating how to reduce the federal deficit while ensuring future prosperity. Paul Krugman, a Nobel Laureate in economics, offers a unique solution: disregard debt, increase federal spending, and commence inflation.
Krugman, a professor at Princeton University and writer for the New York Times, relate
...more
Giles Burrows
May 01, 2017 rated it it was amazing
I read this with my sceptic's hat firmly on and I was surprised at how persuasive I found the ideas in this book. At times, I felt that Krugman was reading my mind because again and again after reading something I would find myself thinking, 'yes, but what about ...', only for Krugman to start debunking that notion in the next paragraph or chapter. The ideas fly in the face of what I have believed (the short term need to eliminate the deficit) but (almost) every argument I could think of was eff ...more
R. Hill
Jun 24, 2015 rated it really liked it
Where are we headed with our economy? Although this book is a couple of years old now I think that it is still an appropriate read. The US economy has not recovered yet and seems unlikely to do so anytime soon.

So what does a Noble Prize winning Economist say we should do to recover? Well the answer is complicated and log winded so get ready for a long obscure explanation.

Krugman paints himself as a partial-Keynesian economist, but in the end his solution is pure Keynesian (pronounced Cane-sian).
...more
Ian Robertson
May 11, 2012 rated it it was amazing
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
peter
Jun 20, 2012 rated it it was amazing
Shelves: macro-phil
I've read a lot of Krugman before (The Conscience of a Liberal and his blog and columns), so this reinforced a lot of what I knew he would say. Reading through this just seemed like common sense to me, but it's absurd how little policymakers would agree.

Fiscal stimulus, debt forgiveness, increased welfare programs, state relief,... all these things would provide an obvious boon to the economy. But people are so worried about the government debt. Yeah, the debt sounds bad (~ $15 trillion), but th
...more
Ob-jonny
Aug 16, 2012 rated it it was amazing
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
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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
“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.”
4 likes
“There's another element in the euro crisis, another weakness of a shared currency, that took many people, myself included, by surprise. It turns out that countries that lack their own currency are highly vulnerable to self-fulfilling panic, in which the efforts of investors to avoid losses from default end up triggering the very default they fear.” 3 likes
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