THE RETURN OF DEPRESSION ECONOMICS.(Review)

Washington Monthly | July 1, 1999| | Copyright

THE RETURN OF DEPRESSION ECONOMICS by Paul Krugman Norton, $23.95

Most people are relieved by the fact that the Asian economic crisis did not turn into the worldwide, government-overturning, riot-and famine-inducing catastrophe some predicted, and no doubt Paul Krugman is relieved, too. But the entrepreneur in Krugman must also feel a small twinge of remorse. His new book, The Return of Depression Economics, was written in the darkest moments of the Asian flu, and it is packaged as a doomsaying prophecy. And now the crisis has disappeared from the headlines, giving ...

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