Krugman, Paul The Great Unraveling CD

ISBN 13: 9780060581787

The Great Unraveling CD

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9780060581787: The Great Unraveling CD

In this long-awaited work, award-winning economist and columnist Paul Krugman challenges us to take on George Bush and the radical right. Drawing from his New York Times columns, he chronicles how the boom economy unraveled: how exuberance gave way to pessimism, how the age of corporate heroes gave way to corporate scandals, and how fiscal responsibility collapsed. Krugman asks how it was possible for a country with so much going for it to head downhill so fast and finds the answer in the agenda of the Bush Administration.

Krugman began writing his New York Times column in 2000, demonstrating that he is one of the most well-informed and trenchant commentators in America. From his account of the secret history of the California energy crisis to his devastating dissections of the Bush Administrationís dishonesty on everything from tax cuts to the war on terrorism, Krugman tells the uncomfortable truth about how the United States lost its way amid economic disappointment, bad leadership, and deceit. This unprecedented work of social and political history sets the first years of the Twenty-first Century in a stark, new light.

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Review:

The Great Unraveling is a chronicle of how "the heady optimism of the late 1990s gave way to renewed gloom as a result of "incredibly bad leadership, in the private sector and in the corridors of power." Offering his own take on the trickle-down theory, economist and columnist Paul Krugman lays much of the blame for a slew of problems on the Bush administration, which he views as a "revolutionary power...a movement whose leaders do not accept the legitimacy of our current political system." Declaring them radicals masquerading as moderates, he questions their motives on a range of issues, particularly their tax and Social Security plans, which he argues are "obviously, blatantly based on bogus arithmetic." Though a fine writer, Krugman relies more heavily on numbers than words to examine the current rash of corporate malfeasance, the rise and fall of the stock market bubble, the federal budget and the future of Social Security, and how a huge surplus quickly became a record deficit. He also rails against the news media for displaying a disturbing lack of skepticism and for failing to do even the most basic homework when reporting on business and economic issues. The book is mainly a collection of op-ed pieces Krugman wrote for The New York Times between 2000 and 2003. Overall, this format works well. Krugman writes clearly about complicated issues and offers plenty of evidence and hard facts to support his theories regarding the intersection of business, economics, and politics, making this a detailed, informative, and thought-provoking book. -- Shawn Carkonen

About the Author:

Paul Krugman writes a twice-weekly column for the op-ed page of The New York Times. A winner of the John Bates Clark medal for the best American economist under 40, he teaches at Princeton University.

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Krugman, Paul
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ISBN 10: 0060581786 ISBN 13: 9780060581787
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