Thursday, November 5, 2020

Review of The Return of Depression Economics and the Crisis of 2008 by Paul Krugman

This review was written by Eugene Kernes

Book can be found in:
Genre = Economics
Intriguing Connections = What Goes Into An Economic Crisis?

Elaborate Description

Many countries have crises, Krugman explains many of them in the past century. Not a difficult book to read, a good introduction to crises. Various details about each crises is recounted in this book. The economics is usually discussed in basic terms but sometimes does miss explanations. Through out the book, in explaining some crisis the author states that the many problems that caused the crisis had to do governments control over the allocation of financial and physical resources, but when it came to the solution the government had to control their allocation. The author understands that crises never seize but not sure if he recognize that the solution of government control might be the cause of other crises later. Many events that were bad for any country, the author has a tendency to claim that it was inevitable. Most macro issues are a culmination of events, even after the event passed it is extremely difficult to claim that certain details caused a crisis.

Book Details

Edition ISBN:  9780393071016
Pages to read:   189
Publication:     2009
1st Edition:      2009
Format:            Hardcover

Ratings out of 5:
Readability    5
Content          4
Overall           4