The Commanding Heights or The Return of Depression Economics and the Crisis of 2008

The Commanding Heights: The Battle for the World Economy

Author: Daniel Yergin

The Pulitzer Prize-wimming author of The Prize joins a leading expert on the global economy to present an incisive narrative of the risks and opportunities that are emerging as the balance of power shifts around the world between governments and markets -- and the battle over globalization comes front and center. The Commanding Heights is essential for understanding the struggle over the "new rules of the game" for the twenty-first century.

NY Times Book Review

An ambitious, colorful, even suspenseful rendition of a world gaining faith in market forces while losing its belief in government dirigisme.

Table of Contents:

	Introduction: At the Frontier	9
1	Thirty Glorious Years: Europe's Mixed Economy	19
2	The Curse of Bigness: America's Regulatory Capitalism	46
3	Tryst with Destiny: The Rise of the Third World	67
4	The Mad Monk: Britain's Market Revolution	92
5	Crisis of Confidence: The Global Critique	125
6	Beyond the Miracle: Asia's Emergence	156
7	The Color of the Cat: China's Transformation	192
8	After the Permit Raj: India's Awakening	214
9	Playing by the Rules: The New Game in Latin America	230
10	Ticket to the Market: The Journey After Communism	262
11	The Predicament: Europe's Search for a New Social Contract	296
12	The Delayed Revolution: America's New Balance	325
13	The Balance of Confidence: The World After Reform	364
	Chronology	393
	Notes	399
	Interviews	419
	Selected Bibliography	421
	Acknowledgments	437
	Index	441

Book about: Homeopathy Pocket or Understanding Cosmetic Laser Surgery

The Return of Depression Economics and the Crisis of 2008

Author: Paul Krugman

In 1999, in The Return of Depression Economics, Paul Krugman surveyed the economic crises that had swept across Asia and Latin America, and pointed out 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 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 edition will become an instant cornerstone of the debate over how to respond to the crisis.

About the Author
PAUL KRUGMAN is the recipient of the 2008 Nobel Prize in Economics. He writes a twice-weekly Op-Ed column for The New York Times and a blog named for his 2007 book, The Conscience of a Liberal. He teaches economics at Princeton University.