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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 and quickly demonstrated that he is one of
the most well-informed and trenchant commentators in America.
One would have to go all the way back to John Maynard Keynes
to find an economist so willing to take on the issues of
the day in accessible terms, and his political sallies recall
the age of the great Muckrakers or Walter Lippmann and Louis
Brandeis. From Krugman's account of the secret history of
the California energy crisis to his devastating dissections
of the Bush administration's dishonesty on everything from
tax cuts to the war on terrorism, Krugman tells the uncomfortable
truth about how the United States has 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.
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 the age of forty, he teaches at Princeton University.
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