Depression Economics

Krugman: In 'Rational World,' We'd Deal With Unemployment

New York Times | Paul Krugman | Posted 07.31.2011

Unemployment is a terrible scourge across much of the Western world. Almost 14 million Americans are jobless, and millions more are stuck with part-ti...

Nicholas Sabloff

Paul Krugman: 'It Looks As If The Economy Is Really Falling Off A Cliff'

HuffingtonPost.com | Nicholas Sabloff | Posted 05.25.2011

In 1999, economist Paul Krugman wrote a book entitled "The Return of Depression Economics," which examined the string of economic crises that plagued ...

Depression Economics Explained, Part 1: Speculative Bubbles

Zack Exley | Posted 05.25.2011

Zack Exley

The whole mortgage mess is making everyone with cash leery of lending it out. But the economy is set up to run on credit. And so the whole economy is seizing up like a stalled engine.