When End This Depression Now! was published in April 2012, it changed the national debate. New York Times columnist and Nobel Prize-winning economist Paul Krugman reminded us that we had forgotten John Maynard Keynes's central dictum: "The boom, not the slump, is the time for austerity."
Krugman has been writing about the pain of the unemployed and the need for government spending both in his column and his blog, but this book makes his arguments irrefutable by presenting a full, convincing case all in one place. As Krugman points out, we have seen this situation before and we know how to fix it.
What we need for a powerful recovery is precisely what we've needed in crises past - a burst of government spending to jump-start the economy. Krugman convinces us that we owe it not only to the unemployed, but to everyone affected by this tragedy to find the "intellectual clarity and political will" to end this depression now.
Paul Krugman is Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs, at Princeton University, and an Op-Ed columnist for the Times. His numerous books include "The Great Unraveling," "The Conscience of a Liberal," and "The Return of Depression Economics," an updated edition of which was published in 2009. For his contributions to New Trade Theory, he received the 2008 Nobel Memorial Prize in Economic Sciences.