First published 2012
The Great Recession has stretched beyond four years, leaving nations with abundant resources, talent, and knowledge trapped in widespread economic suffering. Nobel Prize winner and bestselling author Paul Krugman examines how countries capable of prosperity for all citizens remain mired in financial distress. He explores the severity of current conditions and traces the path that led to what must now be recognized as a depression. Krugman applies his clear analytical approach to uncover how this crisis developed and persists. His central argument targets those who have endured hardship during this extended downturn. The economist contends that rapid, robust economic recovery lies within immediate reach. The primary obstacles are not economic constraints but rather the need for leaders to demonstrate intellectual clarity and political will to implement necessary solutions.
Genres: politics, economics, social-issues, non-fiction
Vibes: thought-provoking
Tropes: informative, persuasive
Period: 21st-century
259 pages · Hardcover · W. W. Norton & Company