Paul Krugman speaks about his book and the economic crisis at Princeton Wednesday
There are many indicators of the severity of the 2008 financial crisis. Perhaps the clearest and most incisive indicator is the celebrity status of economist Paul Krugman. The man hardly requires an introduction--among other things, he is a Princeton professor, NY Times columnist, and Nobel laureate.
On Wednesday, he gave a talk at Princeton about his book The Return of Depression Economics and the Crisis of 2008. Krugman explained the recent financial and economic crisis in layman's terms, taking the audience through the story of the housing bubble, the financial institutions broken by the bubble, and the resulting economic slump. Krugman asserted that the first year of the recent crisis was equivalent in scale to the first year of the Great Depression--yes, that Great Depression--but offered a slightly rosier prognosis, labeling the current state of affairs "Apocalypse Not-Now". Still, the general tone of the talk was not optimistic--though economic expansion has resumed, Professor Krugman warned that we are in the midst of a "jobless recovery," and that labor market conditions will not improve for some time.
After the talk, Krugman graciously answered questions, assuring one worried community member that Post-WWII-Germany-esque hyperinflation would not arise from the Obama administration's policies. This was followed by a book signing, during which many people posed for pictures with the celebrity professor. The busy Krugman then rushed from the auditorium, on to his next engagement.
@ 11:51 am alen said:
Had we listened to such wise men, we won't have faced faced the economic crisis. It is great to listen to paul krugman speaking about his book and economic crisis at princeton. It is a very informative post. Thanks. internet marketing products
@ 4:39 pm saran said:
I think the book would be according as we heard from Paul Krugman, focusing more on economic crisis. I would love to read this interesting work. thanks for the nice information. Filing Bankruptcy
@ 6:42 am selina said:
Certainly his answering the questions of the worried community members seems to have magically effect especially on the matters relating to the housing bubbling, the financial institutions being broken by the bubble, and the resulting economic slump. It is a great read.product and development
@ 3:16 pm saloni said:
I think the book must be an excellent work reflecting Paul Krugman's finest views on economic crisis of that dark period at Princeton. It is a nice post. Personal Bankruptcy
@ 1:55 pm mike said:
It is great listen to this wise economist speaking on the economic crisis that had engulfed the entire world and the aftershocks of which are still felt in the memory lane of a beleaguered investor or shareholder in a reputed multinational company. Nice post. evansville indiana homes
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