Most Popular Books by Paul Krugman

This edition looks at how risky behaviour can lead to disaster in private markets, with colourful examples from Lloyd''s of London and Sumitomo Metals. Krugman also considers the collapse of the Mexican peso, and the burst of Japan''s ''bubble'' economy.

Wielding his widely recognized powers of explanation, Paul Krugman lays bare the hidden facts behind the $2 trillion tax cut. With huge budget surpluses just ahead, the question of whether to cut taxes has shifted to when? and by how much? With Fuzzy Math, Paul Krugman dissects the Bush tax proposal and shows us who wins, who loses, and how quickly the tax cuts will consume the surplus. Always the equal-opportunity critic when it comes to faulty economics, Krugman also tucks into the Democratic alternatives to the Bush plan. This little book packs a big wallop. Together with major media appearances, it puts Krugman''s wisdom and steely-eyed analysis firmly at the center of the debate about how to spend upwards of $2 trillion. It may very well change the course of history.

When it comes to explaining fundamental economic principles by drawing on current economic issues and events, no one is more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells. In this modular text, Krugman and Wells’ signature storytelling style helps readers understand economic concepts in the real world. Instead of long, traditional chapters of traditional length, this version presents brief modules, each focused on one topic and easy to read in one sitting.

In an intriguing synthesis of current theories of international finance, trade, and industrial organization, Paul Krugman presents a provocative analysis of the extraordinary volatility of exchange rates in the 1980s.Krugman focuses on imperfect integration of the world economy, showing how this has become both a cause and effect of exchange rate instability. He outlines the costs and benefits of recent flexible-exchange rate policies and offers fresh insight into why the models that worked in the first half of the 1980s don''t work in the growing uncertainty of the latter half. Krugman''s analysis is succinct and accessible, with technical appendixes that offer powerful backing to his ideas.Exchange Rate Instability contains a surprising reevaluation of the author''s own work on exchange rates. Krugman questions the need for further devaluation of the dollar, arguing that uncertainty - rather than the lack of costu00adcompetitiveness explains the failure of current policies to reduce the United States trade deficit. He proposes an eventual return to fixed exchange rates.Paul R. Krugman is Professor of Economics at MIT Exchange Rate Instability inaugurates the Lionel Robbins Lectures series.

Helps students use the text to succeed in the telecourse.

When it comes to explaining fundamental economic principles by drawing on current economic issues and events, no one is more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells. In this modular text, Krugman and Wells’ signature storytelling style helps readers understand economic concepts in the real world. Instead of long, traditional chapters of traditional length, this version presents brief modules, each focused on one topic and easy to read in one sitting.

Paul Krugman, winner of the 2008 Nobel Prize in economics, shows how today''s crisis parallels the events that caused the Great Depression - and explains what it will take to avoid catastrophe. In 1999, in The Return of Depression Economics, Paul Krugman surveyed the economic crises that had swept across Asia and Latin America, and warned that those crises were a warning for all of us: like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression were making a comeback.In the years that followed, as Wall Street boomed and financial wheeler-dealers made vast profits, the international crises of the 1990s faded from memory. But now depression economics has come to America: when the great housing bubble of the mid-2000s burst, the U.S. financial system proved as vulnerable as those of developing countries caught up in earlier crises - and a replay of the 1930s seems all too possible. In this new, greatly updated edition of The Return of Depression Economics, Krugman shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States, and the world as a whole, up for the greatest financial crisis since the 1930s. He also lays out the steps that must be taken to contain the crisis, and turn around a world economy sliding into a deep recession. Brilliantly crafted in Krugman''s trademark style-lucid, lively, and supremely informed - this new edition of The Return of Depression Economics will become an instant cornerstone of the debate over how to respond to the crisis.

Our newest Nobel Prize-winning economist shows how today''s crisis parallels the events that caused the Great Depression and explains what it will take to avoid catastrophe.

Over the past decade, a small group of economists has challenged traditional wisdom about international trade. Rethinking International Trade provides a coherent account of this research program and traces the key steps in an exciting new trade theory that offers, among other possibilities, new arguments against free trade. Over the past decade a small group of economists has challenged traditional wisdom about international trade. Rethinking International Trade provides a coherent account of this research program and traces the key steps in an exciting new trade theory that offers, among other possibilities, new arguments against free trade. Krugman''s introduction is a valuable guide to research that has delved anew into the causes of international trade and reopened basic questions about the international pattern of specialization, the effects of protectionism, and what constitutes an optimal trade policy. In the four sections that follow, he takes a revisionary look at the causes of international trade, and discusses growth and the role of history, technological change and trade, and strategic trade policy.

As stock markets gyrate, Europe lurches from crisis to crisis, and recovery in the United States slows, the future of the North American economy is more uncertain than ever. Can individual entrepreneurship, corporate innovation, and governments create a new era of sustained economic growth? Or, will the ongoing financial crisis, political dysfunction in the United States, and the rise of emerging nations erode living standards in North America for the long term? In this edition of the Munk Debates -- Canada''s premier international debate series -- Nobel Prize-winning economist Paul Krugman and former Chief Economist at the Bank of America-Merrill Lynch David Rosenberg square off against former director of President Obama’s National Economic Council Lawrence Summers and bestselling author Ian Bremmer to tackle the resolution: Be it resolved North America faces a Japan-style era of high unemployment and slow growth. This riveting debate features four of the world''s most renowned economists discussing the single most important issue facing all North Americans in a lively, engaging forum. The economy is a concern that demands our immediate attention and this enlightening and hugely important debate is a must-read for all of us.

When it comes to explaining fundamental economic principles by drawing on current economic issues and events, there are no authors more effective than Nobel laureate and New York Times columnist Paul Krugman and co-author, Robin Wells. Here, Krugman and Wells’ signature storytelling style and uncanny eye for revealing examples come together in an accessible, modular format to help readers understand how economic concepts play out in our world. Instead of having chapters of traditional length, this version covers the core concepts of economics in a series of brief modules, each focused on one topic and designed to assigned in any order and read comfortably in one sitting. This new edition is more accessible than ever and includes SaplingPlus, a complete, integrated online learning system that supports students and instructors at every stage of learning—pre-class, in-class, and post-class.

This supplementary chapter to Krugman/Wells, Microeconomics discusses the typical role of agriculture in an economy.

This new collection revolves around Krugman''s work on international monetary economics from the late 1970s to the present in an effort to make sense of a turbulent period that "involved one surprise after another, most of them unpleasant." Paul Krugman''s first collection of essays, Rethinking International Trade, mounted a spirited assault on established trade theory and proposed an alternative approach to account for increasing returns and imperfect competition. Less theoretical and more embedded in real-world experience, this new collection revolves around Krugman''s work on international monetary economics from the late 1970s to the present in an effort to make sense of a turbulent period that "involved one surprise after another, most of them unpleasant." The eleven essays cover such key areas as the role of exchange rates in balance-of-payments adjustment policy, the role of speculation in the functioning of exchange rate regimes, Third World debt, and the construction of an international monetary system. They are unified by the same basic methodology and style the construction of a small theoretical model in order to simplify or clarify a puzzling or difficult world monetary problem.

As middle-class incomes stagnate in advanced economies while the rich experience record income gains, the eleventh semi-annual Munk Debate pits wealth redistribution supporters Paul Krugman and George Papandreou against Newt Gingrich and Arthur Laffer to debate taxation — should the rich pay more? For some the answer is obvious: redistribute the wealth of the top income earners who have enjoyed, for almost a generation, the lion’s share of all income gains. Imposing higher taxes on the wealthy is the best way for countries such as Canada to reinvest in their social safety nets, education, and infrastructure while protecting the middle class. Others argue that anemic economic growth, not income inequality, is the real problem facing advanced countries. In a globalized economy, raising taxes on society’s wealth creators leads to capital flight, falling government revenues, and less money for the poor. These same voices contend that lowering taxes on everyone stimulates innovation and investment, fuelling future prosperity. In this edition of the Munk Debates — Canada’s premier international debate series — Nobel Prize–winning economist Paul Krugman and former Prime Minster of Greece George Papandreou square off against former Speaker of the U.S. House of Representatives Newt Gingrich and famed economist Arthur Laffer to debate if the rich should bear the brunt of higher taxes. For the first time ever, this stimulating debate, which will take place in front of a sold-out audience, will be available in print. With advanced countries facing overextended social services, crumbling infrastructure, and sluggish economic growth, the Munk Debate on economic inequality tackles the essential public policy issue: Should we tax the rich more?