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End This Depression Now!

Cover of End This Depression Now!

End This Depression Now!

Borrow Borrow

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.

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.

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About the Author-
  • Paul Krugman is the recipient of the 2008 Nobel Prize in Economics. He is a bestselling author, columnist and blogger for the New York Times, and professor of economics and international affairs at Princeton University.

Reviews-
  • AudioFile Magazine In this follow-up to THE RETURN OF DEPRESSION ECONOMICS, Nobel Prize-winning economist and Princeton professor Krugman delivers his introduction before handing over the reins to Rob Shapiro. As Krugman describes the recession of 2008 and charts a path to end the recession, Shapiro uses an even pace and steadily builds the narration to Krugman's conclusions about supply, demand, and increased spending. For the aspects of the discussion that require a more visual approach, there are references to the accompanying charts and graphs. Even though the subject matter can be dense, Shapiro presents Krugman's argument in a straightforward and understandable way, reading with inflection and emphasis, and slowing down to allow listeners to digest the more technical aspects of the discussion. E.N. © AudioFile 2012, Portland, Maine
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