Thursday, July 07, 2005

【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.