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    End This Depression Now!
    Unavailable
    End This Depression Now!
    Unavailable
    End This Depression Now!
    Audiobook8 hours

    End This Depression Now!

    Published by Penguin Random House Audio

    Narrated by Rob Shapiro

    4/5

    ()

    Currently unavailable

    Currently unavailable

    About this audiobook

    The Great Recession that began in 2007 is now more than four years old-and counting. Some 24 million Americans are unemployed or underemployed, and at recent rates of job creation we won't be back to normal levels of employment until late this decade. This is a tragedy. Do we have to accept it?

    "No!" is the resounding answer given by Nobel Prize-winning economist Paul Krugman in this call to arms. We have seen this situation before and we know how to fix it; all we lack is the political will to take action.  

    Krugman walks us through the financial crisis that triggered the greatest downturn since the Great Depression and outlines the efforts that have been made thus far. The way forward is clear. Our priority must be to get ourselves back on the path to growth; every day that we lag behind normal production levels only adds to the astronomical economic loss of this depression. What we need for a rapid, powerful recovery is precisely what we've needed in crises past-a burst of government spending to jump-start the economy. We owe it not only to the unemployed, but to everyone affected by this tragedy to end this depression now.

    Includes a bonus PDF of charts from the book

    LanguageEnglish
    PublisherPenguin Random House Audio
    Release dateMay 1, 2012
    ISBN9780449806852
    Unavailable
    End This Depression Now!

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    Reviews for End This Depression Now!

    4/5

    103 ratings11 reviews

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    • 4/5
      This was a very interesting book. I'm very fond of Krugman's style, and the fact that he can make complicated economic theory understandable to someone whose brain really doesn't work that way.That said, this book is sad, and depressing. According to Krugman, the depression we're in right now isn't so much an economic problem as a political one - fixing it is easily within our grasps, but for whatever reason (and there are many, including greed) they just don't want to. They aren't willing to do what it takes to fix the problem. It's sad, it's disgusting, and it's totally unnecessary.
    • 3/5
      I thought that this was a decent book. I agree with the premises that Krugman puts forward. However, if it is meant for a good macro-economic overview, then it is a bit wonkish. I think it could have been more concise. Again, its greatest value is in presenting a basic economic framework for those who may not really understand how the economy works. What I find frustrating is that the data of the last 85 years clearly should show what does and does not work. It is hard to believe that supposedly intelligent economists do not see our current crisis as a lack of demand. It is scary when those that are doing well in this current crisis put forth propositions that do not help the entire economy but only serve their narrow self interests.
    • 4/5
      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 been a catastrophe.
      -The fiscal policies which have been reinstated since the 1980s have had a similar effect to those of Gilded Age America, and allowed a new generation of plutocrats to influence policy through think-tanks and lobbying of politicians.
      -Austerity, as seen in Europe, is a major mistake. Many of the disaffected youth who are only barely surviving because of welfare will be forced under far worse conditions if their lifelines run out.
      -A review and revision of Keynesian economics, including the effects of spending as a multiplier, how governments can survive with debt, inflation, etc.
      -Bad economic times can lead to political extremism - see Weimar Germany, Hitler.

      What does he advocate? A newer, stronger, stimulus, one which provided the early recovery of 2009-10, but with better applications and stronger backing, in addition to a last gasp of unemployment insurance.

      See the New Deal, and compare that to Hoover. See the multiple economic crises of the Gilded Age of the 19th century.

      There are a few nitpicks - his ideas on structural unemployment, and the role of technology in vastly altering the economy, particularly.

      This is a book clearly and emphatically written, with the hope that it will spread and affect the policies of this new election season and beyond. I only beg that it does.
    • 4/5
      This is why I like Paul Krugman: his writing is easy to understand and he's usually right! Nobody seems to bother holding prognosticators accountable for their opinions. You see the same pundits, year in and year out, making predictions and it doesn't seem to harm their credibility if they are rarely correct. I gave up on the Wall Street Journal editorials, because they were NEVER right. The editors were confident that the Bush tax cuts would stimulate the economy and end the deficit. Have they ever apologized for being absolutely wrong? No. Krugman's ideas are actually rooted in historical precedent, not ideology. These days, however, facts don't seem to matter.
    • 5/5
      I think Krugman does a pretty good job of explaining how more, not less, government spending can help us to repair the economy and get people to work. He also does an excellent job of showing why austerity is not only not beneficial to those reliant on the government for help but why it can also further weaken economies that are already in recession or depression The most relevant and obvious example that Krugman uses are the case studies of Greece, Spain and Ireland. They've instituted various austerity measures that have only help to worsen their bleak economies. Lastly, his whole book is a refutation of the idea that deficits are automatically bad for the government. We hear this so much in everyday political discourse and it's rarely challenged. I hope that this book will be read by numerous Americans, especially those who are on the fence about who to vote for in the upcoming elections.
    • 4/5
      I didn't particularly like Paul Krugman's last two books, as they more or less repeated the content of Krugman's column and blog without adding the usual parts of a book such as a bibliography . This one is better, but again is missing a bibliography and further reading section and directed mostly at those who do neither read nor listen to Paul and are clueless about economics, such as President Obama.This book is thus the ideal primer to drop into the hands of people who are willing to learn basic facts about macroeconomics. In thirteen short chapters, Paul Krugman is your guide to depression, inflation, deficits, stimulus, austerity and the euro. Using examples from literature, movies and TV, he boils down complex phenomena to understandable nuggets. Alongside the explanations, he exposes the weak and evil minds of the nude emperors from Harvard and Chicago who unfortunately are never held to attention neither in the US media nor by their universities for preaching falsehoods. The book, overall, is pretty mild. What Paul Krugman advocates in this book should be acceptable to a moderate Republican. It is more or less a return to the economic policies of the early 1980s. "End the depression now" calls, despite its exclamation point, for only a mild stimulus package and for what should be a no-brainer, such as re-hiring school teachers.Unfortunately, these are not normal times. What Paul Krugman and Robert Reich seem to be ignoring is that it is not a battle for the facts. The plutocracy and its servant in the White House could very easily learn about textbook macroeconomics. The real fight is about political power where books are of little help. At least the participants in this march of folly can not claim that they couldn't have known that their policies wouldn't work. For doubters, there is this short book to clear up some misconceptions.
    • 5/5
      Very well-written explanation of what brought on the financial crisis, why current policies are failing, and what we can do to fix the situation. READ THIS BOOK!! Understanding the information contained is essential to informed voting in the next election.
    • 5/5
      Fantástica obra de divulgación económica, explicando la reciente crisis. Paul krugman, un auténtico comunicador Después de leer este libro y el blog de krugman en el New York Times, me decidí a estudiar la carrera de economía.
    • 4/5
      The dismal science. It has lots of different ways of explaining how the economic and therefore real world works, but most of them are very wrong a lot of the time.

      However Krugman has a way of putting across his points in a reasonable clear and concise way. And most of what he says in this book makes sense.

      The fact that with low inflation and austerity measures in place, the only thing that an economy can do is contract further. That a government spending $1 will generate $1.50 of economic benefit, that light touch regulation will only be ridden rough shod over by the global elite.

      Lots of sense written in here, cannot see any politician reading it though.
    • 5/5
      Excellent discussion of the current situation (2012) in the US and in Europe. Krugman describes fairly technical economics in a way that I can understand. Though some of the thoughts are repetitive, it is worth it to have a better understanding of the deficit, boom, bust, stimulus programs, currencies, etc.
    • 4/5
      This was a verh interesting book. I'm very fond of Krugman's style, and the fact that he can make complicated economic theory understandable to someone whose brain really doesn't work that way.

      That said, this book is sad, and depressing. According to Krugman, the depression we're in right now isn't so much an economic problem as a political one - fixing it is easily within our grasps, but for whatever reason (and there are many, including greed) they just don't want to. They aren't willing to do what it takes to fix the problem. It's sad, it's disgusting, and it's totally unnecessary.