Just a short note to let you know about Paul Krugman's new book, soon to be released.
From the Amazon blurb (my emphasis):
The Great Recession is more than four years old—and counting. Yet, as Paul Krugman points out in this powerful volley, "Nations rich in resources, talent, and knowledge—all the ingredients for prosperity and a decent standard of living for all—remain in a state of intense pain."One thing to note — in a remarkable change for Mr. Krugman, this is an activist book, not just an intellectual study or analysis. I'm sure there's much analysis between its covers, but the title tells it all.
How bad have things gotten? How did we get stuck in what now can only be called a depression? And above all, how do we free ourselves? Krugman pursues these questions with his characteristic lucidity and insight. He has a powerful message for anyone who has suffered over these past four years—a quick, strong recovery is just one step away, if our leaders can find the "intellectual clarity and political will" to end this depression now.
In his recent Playboy interview, the Professor said:
I think the main reason you should be angry about it is that it’s gratuitous. This doesn’t have to be happening. We actually have the tools to make most of this go away. If we could throw aside the political prejudices and bad ideas that are crippling us, in 18 months we could be back to something that feels like a much better economy.Needless to say, but I'll say it anyway — both parties are responsible.
Krugman is calling for action now. It's a brave activist stance for a professor. It will be interesting to see the response.