Paul Krugman’s The Return of Depression Economics (Allen Lane) is published this week. The work by this year’s Nobel laureate in economics and New York Times columnist is sure to become an influential work on the current financial crisis. Those who want to get a quick feel for the book, or those who are simply too stingy to buy it, can read an extract from Saturday’s Guardian.
It is worth remembering that the first version of the book came out in 1999. Depending on your viewpoint Krugman is either a prophet ahead of his time or a perpetual doom-monger.