【讀書】The Return of Depression Economics
The Return of Depression Economics
Paul Krugman
Krugman, as you may know, is one of the best economists and received the John Bates Clark Medal in 1991. He is renowned for his original study in international trade and monetarypolicy and his layman-friendly style of presentation.
In this book, he give his analysis of the somehow mysterious financial crisis strking Mexico, Argentina, Japan and especially Southeast Asia in 1998. SinceI am an absolute idiot concerning current affairs, especially the economic ones,I am really in no position to judge whether its analysis is sound or not. However,I think I do understand his points and consider them convincing.
Anyway, I think it is highly readable.
Paul Krugman
Krugman, as you may know, is one of the best economists and received the John Bates Clark Medal in 1991. He is renowned for his original study in international trade and monetarypolicy and his layman-friendly style of presentation.
In this book, he give his analysis of the somehow mysterious financial crisis strking Mexico, Argentina, Japan and especially Southeast Asia in 1998. SinceI am an absolute idiot concerning current affairs, especially the economic ones,I am really in no position to judge whether its analysis is sound or not. However,I think I do understand his points and consider them convincing.
Anyway, I think it is highly readable.
posted by Roger at 9:19 PM
1 Comments:
Sound like he is going to talk about econ disasters not in terms of the interplay of economic forces but as the undesirable outcomes of collective actions which are avoidable, at least in theory?
But after years being embedded in various settings, I am rather frustrated to find out that be us rational fools or silly wise-guys; rent-seekers or suckers; knowledge and awareness may not help to prevent our being trapped.
While I still have a beam of hope in institution-engineering, it is also too exhausting to read and examine institutions to master them well...there are such too many forms of them, each working in too intractable logic in the empirical world...
Changes are possible in the very long term, provided that we are not all dead yet?
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