The Return of Depression Economics

I read Paul Kurman's "Economics of economic depression" from many books on the return economy of Depression Economics. This book was written during the Asian financial crisis in the late 1990s. Many say that Krugman wrote this book too soon that he could not completely fix all the problems he wrote in this book. Krugman is mainly interested in the financial crisis of the 1990s, mainly the Asian financial crisis. Even if I do not fully understand all the problems he is involved with, this book is very interesting.

Paul Krugman, a winner of the Nobel economics award, predicted a series of depression based on his "economic depression economics" (1999) based on "failure of economic demand". On 5th January 2009 he said, "After all it is not easy to prevent the recession", "the economy is still in a state of free fall." In March 2009, Krugman explained that one of the main differences in this situation is that the cause of the financial crisis comes from the shadow banking system. "This crisis has nothing to do with deregulatory agencies that bring new risks, but instead the risks involved will never be taken first by regulatory agencies."

In the "resurgence of depression" and "crisis of 2008", Paul Krugman warned that the dark future of the United States might be like the future of other countries. As the more powerful and more resistant comeback disease is occurring, the cause of the Great Depression is approaching and it seems more likely after the real estate bubble soared in 2002. In his new book and revised edition he places more emphasis on the recession in Japan and the crisis in Latin America (ie Argentina) and explains several specific events in many countries - recession, spiral inflation, Fall of currency. And the reason.

Now, the assumptions of both classical schools and neoclassical economists are being attacked. Paul Krugman (Nobel Laureate) proposed his main argument to mainstream economics in his book "The Return of Depression Economics" (Krugman, 2008). Here are some of his points here: 1) Even if the economy is in good condition, a recession is likely to occur. To illustrate this, he used the story of the nanny group of Washington, DC. Here, the couple agrees to take care of the children. Use special currency

After long-term closure, economists returned to the Great Depression using after development as part of economic assumptions and quantitative practices. In our view, the Great Depression began as a recession of problem classification, then changed to a Great Depression through a bank emergency, and the Federal Reserve was disappointed with increasing cash supply. This view also considers that the federal government has raised the prerequisites for bank holdings and that the recovery of the Great Depression is expected to continue until 1937 when President Roosevelt relaxed fiscal stimulus measures.