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A very interesting analysis of the causes of and remedies for the current and historical recessions and depressions, and the actions that have been taken and could be taken to ameliorate them. However, I recommend that the book be enjoyed in hard copy rather than in audio. The material is dense, and Krugman throws out references to many technical aspects of domestic and international finance. Although Krugman states at the outset that he's trying to avoid economic jargon and abstruse economic concepts, so that a broader audience can understand his analysis, he assumes a level of understanding of the forces that operate in finance that I believe most listeners won't have.
8 of 8 people found this review helpful
So much of this book, I did not want to hear. The more I wanted to turn it off, the more I kept listening. Because I spend much time in Bangkok, Thailand, chapter 3 on how crony capitalism in emerging markets really got my attention. The detailed mechanism of the '97 Asian financial crisis, which seems to be repeating itself in the US now, was cogently delineated, albeit with an attitude. Chapter 6 on hedge funds also opened my eyes to the rise and fall of money. Hear it but be prepared to turn it off only to turn it back on again!
4 of 4 people found this review helpful