About this title: The New York Times bestseller: the Nobel Prize-winning economist shows how today's crisis parallels the Great Depression-and explains how to avoid catastrophe. With a new foreword for this paperback edition.
Note: This is a general synopsis. Each listing is described below.
Binding: Hardcover
Publisher: W. W. Norton & Company
Date Published: 2008
ISBN-13:9780393071016ISBN:0393071014
Description: Very good in very good dust jacket. Nice clean copy with minimal wear to edges. Sewn binding. Cloth over boards. With dust jacket. 191 p. Audience: General/trade. read more
Binding: Hardcover
Publisher: W. W. Norton
Date Published: 12/1/2008
ISBN-13:9780393071016ISBN:0393071014
Description: Fine. 0393071014 NEW/UNREAD! ! ! Text is Clean and Unmarked! --Be Sure to Compare Seller Feedback and Ratings before Purchasing--Has a small black ink mark on outside edge of pages. May have light shelf wear to cover from storage, if any. read more
Description: Very Good. Great condition for a used book! Minimal wear. Shipped to over one million happy customers. Your purchase benefits world literacy! read more
Description: Good. Former Library book. Shows some signs of wear, and may have some markings on the inside. Shipped to over one million happy customers. Your purchase benefits world literacy! read more
Binding: Softcover
Publisher: W W Norton & Co Inc
Date Published: 2009-09-08
ISBN-13:9780393337808ISBN:0393337804
Description: NEW. Softcover. From an inventory that is 100% brand-new, 100% direct from the publishers' distribution channel. We carry NO pre-owned, NO remaindered. We pack in CARDBOARD to ensure the pristine quality is maintained. (Bubble-wrap alone is NOT sufficient to protect from USPS equipment. ) Guaranteed brand-NEW, protected with CARDBOARD, your satisfaction is guaranteed. BKLUVID: 9780393337808. read more
Binding: Paperback
Publisher: W.W. Norton & Co
Date Published: 2009
ISBN-13:9780393337808ISBN:0393337804
Description: New. Brand New! Buy with confidence-your satisfaction is guaranteed at B-Logistics! Due to the large scale of our operation, we do not have access to the specific contents/condition of our items. Please note that Expedited shipping is not available at this time. read more
Binding: Hardcover
Publisher: W W Norton & Co Inc
Date Published: 2008-11-01
ISBN-13:9780393071016ISBN:0393071014
Description: NEW. Hardcover. From an inventory that is 100% brand-new, 100% direct from the publishers' distribution channel. We carry NO pre-owned, NO remaindered. We pack in CARDBOARD to ensure the pristine quality is maintained. (Bubble-wrap alone is NOT sufficient to protect from USPS equipment. ) Guaranteed brand-NEW, protected with CARDBOARD, your satisfaction is guaranteed. BKLUVID: 9780393071016. read more
Binding: Paperback
Publisher: PENGUIN BOOKS LTD Country = UNITED KINGDOM
Date Published: 2008
ISBN-13:9781846142390ISBN:1846142393
Description: BRAND NEW PAPERBACK. 256 pages. Written by the winner of the 2008 nobel prize in economics, this title 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. it also lays out the steps that must be taken to contain the crisis. (Paperback) read more
Binding: Hardcover
Publisher: W. W. Norton
Date Published: 2008
ISBN-13:9780393071016ISBN:0393071014
Description: New. Brand New! Buy with confidence-your satisfaction is guaranteed at B-Logistics! Due to the large scale of our operation, we do not have access to the specific contents/condition of our items. Please note that Expedited shipping is not available at this time. read more
Binding: Spoken Word Compact Disc
Publisher: Random House
Date Published: 2008-12-23
ISBN-13:9780739384725ISBN:0739384724
Description: NEW. Spoken Word Compact Disc. From an inventory that is 100% brand-new, 100% direct from the publishers' distribution channel. We carry NO pre-owned, NO remaindered. We pack in CARDBOARD to ensure the pristine quality is maintained. (Bubble-wrap alone is NOT sufficient to protect from USPS equipment. ) Guaranteed brand-NEW, protected with CARDBOARD, your satisfaction is guaranteed. BKLUVID: 9780739384725. read more
Binding: Audio CD
Publisher: Random House Audio
Date Published: 2008
ISBN-13:9780739384725ISBN:0739384724
Description: New. Brand New! Buy with confidence-your satisfaction is guaranteed at B-Logistics! Due to the large scale of our operation, we do not have access to the specific contents/condition of our items. Please note that Expedited shipping is not available at this time. read more
"Though I have a reasonable grasp of the current global financial crisis, I wanted to know a little more about its inner workings. After reading several articles by Paul Krugman, I decided to pick up his book, especially since it now has updates from the 2008 financial crisis.
Krugman strikes a fine balance between simplifying global investment banking and unloading the economist jargon. In order to explain the basic characteristics of a recession (and several other market fluctuations) he uses the parable of a babysitting co-op, where each family has coupons worth 1 hour of babysitting that they can earn, spend and save. The simple transactions between couples signify market activity and resources. Eventually, even this parable gets a bit involved, but serves its purpose well.
Though I must admit that many of the book's topics were over my head, I did come out with a better understanding of global banking. One particular point of interest concerned what Krugman calls the "Keynesian Compact", an unwritten agreement between the public and the state, which says that the citizenry of a given nation will respect and practice capitalism as long as the government can keep the system running and able to withstand crises.
It is with this understanding that Krugman wrote this book in the first place. He argues that the Great Depression gave the world a taste of financial catastrophe but also provided the history and macroeconomic theory to prevent future collapses. Despite that, there have been many brutal recessions that could have been avoided had policy-makers taken the proper steps. Krugman details the events that led to the Tequila crisis in Mexico of 1994, Japan's Lost Decade, the Asian crash of the late 90's and Argentina's crisis of 2002. For good measure, he throws in a de-glorification of Alan Greenspan.
Finally, he ties it all together with the Hydra that is our current financial crisis, one that combines calamity in housing, credit and currency. Although his attitude is cautious optimism, it is apparent that we're not out of the woods yet. For anyone looking for a succinct breakdown of the current financial crisis, this book does the job."
"Paul Krugman, who was our old bugaboo back in my World Bank-protesting days, has morphed into one of the best liberal critics of Obama and his tepid response to the Meltdown. So it was a little weird to read his pre-meltdown book which he has gussied up with recent developments. But there is definitely Old Paul there, writing about the rising standard of living caused by globalization and the death of Socialism. He even gives the obligatory shout out to Pinochet, not mentioning the economic warfare that led to his murdered predecessor Allende's downfall. But New Paul made me feel quite smart about why a bunch of subprime loans led to the dissolution of what Krugman calls the "Shadow Banking System." Also, points that he uses a babysitting coop as his frequent model!"
"I regularly read Krugman's columns in the NY Times, and I appreciated the chance to read one of his books. This one taught me much about macroeconomics, particularly in the context of various world recessions over the past half-century or so. I had little knowledge or understanding of the shadow banking system or of what interventions had been attempted in different countries at different times, and what results ensued. This book is probably best read with the awareness that Krugman is a political and economic liberal, which he makes no attempt to disguise, and I'm sure that interpretations might differ from the other side of the spectrum, but all in all I found this work very readable and informative."
"This book depicts the relationship between failure of financial sector and recession. The books writes about 1930 depression, recession of 1980's, 1990's, and current one. The book also covered latin American and south east/pacific financial debacles (Mexico, Argentina, Indonesia, Japan, Malaysia, Korea, Australia). Info about hedge funds and their impact/tricks leading to currency devaluations (UK, Indonesia, Malaysia Australia and so on) is good. In short it looks like this cycle of bubble and burst leading to failure of financial sector happens every decade or two. Baby sitting co-op was a good example to show the complex demand/supply/recession/boom reality.... At times the content was shallow but then the books covers a good range in around 200 pages.Overall a good book to read."
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