Product Description

Over the past 20 years, the search for a new magic in the American economy has created a distinctive cycle. In the 1980s, Milton Friedman and conservative academic economists found their work hijacked by Ronald Reagan's administration and the nation was left mired in debt. Now academic economists from the Left have developed new theories that challenge the faith in unregulated markets. However, with Clinton's administration, another group has rushed into power, preaching an overly simple message of competitiveness.

Product Details

• Amazon Sales Rank: #371913 in Books
• Published on: 1994-05-18
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 303 pages

Customer Reviews

A great book from insider of last-30-year economics' history
Krugman is a real economists who can present complex Economics in simple layman words. I 've never seen anyone done this tasks better than him. Reading these books u will know how economics interplays with politics, and how its shape our everyday life.

Economics for Non-Economists
I loved this book. Economics and page-turning rarely merge, but Krugman has done it, something few, no matter how brilliant, accomplish.

A book which attacks the so called "supply side economists" with a degree of vigor I rarely see beyond my own debates (which are never as eloquently argued as Krugman).

For anyone who has studied little Economics, this book is a treasure of knowledge. He argues that "policy entrepenuers", different than economists, created supply-side economics, and that no true "card carrying" economists is a supply -sider. He begins his book in the time when Keynes ruled, and then when Classical economists chipped away at Keynes and finally, the Wall Street Journal created an excuse to give the overtly rich a break called: SUPPLY SIDE.
In the final section of his book entitled, In the Long Run, Keynes is Alive, he begins to trumpet the return of one fo the greatest economists of our time.

The book is a simple, fun and quick read. I recommend it to anyone who wishes to understand the history of Economics for the past 40 years in one week (at least begin to)

-Student in Scotland

A brilliantly clear explanation of complex ideas.
A quote from the cover reads: "...His clear and simple explanations of quite complex economic issues and ideas in a few sentences have to be read to be believed." I now believe.