Tuesday 14 April 2009

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

Hi there,

   Long time no writing. Few weeks ago at the Heathrow Airport while waiting for my flight to Poland, well, to say the least, was bit bored, so decided to walk around. After a while spotted a bookshop. ‘Cannot be any worse, can pretend to be a little, nerdy bookworm’ yup, that was my first thought. Immediately found Business section and … um, there was one book that sparked my interest. Want to see the cover?



   Not bad. And the content is even better. Author of the book – Paul Krugman – is a 2008 Nobel Laureate in Economics, so I reckon he has to know a tad about economics. He tries to take a deeper insight look into economic crises that swept across Asia, Russia and Latin America in 1990s. Could we have prevented the financial crisis of 2008? Could the previous happenings have been considered as some sort of warnings? What lessons can be learnt? Answers to these and many other questions can be found in this brilliantly written book. Krugman uses a language that is not packed with loads of jargon and complex economic terminology. Instead, his thoughts are converted into sentences widely understood, as after all, economics is a social science, for people in general, not only economists. Definitely a good read for A-level or Business Foundation student. Currently in the middle of reading, though can already say that it was a worthwhile purchase. £9.99 worth of investment in exchange for lifetime, invaluable knowledge. Not a bad deal. Though, you can make even better one, I found the same book on Amazon for £6.59 + free delivery (click) and as a bonus, you can look into exemplary pages of the book (click). This should eventually convince you to have a read.

Cheers,
John A6

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