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Paul R. Krugman

The Great Unraveling: Losing Our Way in the New Century Gebundene Ausgabe – 1. September 2003

Englisch Ausgabe von Paul R. Krugman (Autor)

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A respected economist and columnist for The New York Times shares a collection of his most influential columns, along with commentary, that critically analyzes the course of the American economy, looking at the collapse of fiscal responsibility, corporate scandals, political dishonesty, and what the nation needs to get back on track. 125,000 first printing.

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Englisch
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W W Norton & Co Inc
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1. September 2003
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16.51 x 3.81 x 24.13 cm
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0393058506
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978-0393058505
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The Great Unraveling is a chronicle of how "the heady optimism of the late 1990s gave way to renewed gloom as a result of "incredibly bad leadership, in the private sector and in the corridors of power." Offering his own take on the trickle-down theory, economist and columnist Paul Krugman lays much of the blame for a slew of problems on the Bush administration, which he views as a "revolutionary power...a movement whose leaders do not accept the legitimacy of our current political system." Declaring them radicals masquerading as moderates, he questions their motives on a range of issues, particularly their tax and Social Security plans, which he argues are "obviously, blatantly based on bogus arithmetic." Though a fine writer, Krugman relies more heavily on numbers than words to examine the current rash of corporate malfeasance, the rise and fall of the stock market bubble, the federal budget and the future of Social Security, and how a huge surplus quickly became a record deficit. He also rails against the news media for displaying a disturbing lack of skepticism and for failing to do even the most basic homework when reporting on business and economic issues. The book is mainly a collection of op-ed pieces Krugman wrote for The New York Times between 2000 and 2003. Overall, this format works well. Krugman writes clearly about complicated issues and offers plenty of evidence and hard facts to support his theories regarding the intersection of business, economics, and politics, making this a detailed, informative, and thought-provoking book. --Shawn Carkonen

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Herausgeber ‏ : ‎ W W Norton & Co Inc; 1. Edition (1. September 2003)
Sprache ‏ : ‎ Englisch
Gebundene Ausgabe ‏ : ‎ 320 Seiten
ISBN-10 ‏ : ‎ 0393058506
ISBN-13 ‏ : ‎ 978-0393058505
Abmessungen ‏ : ‎ 16.51 x 3.81 x 24.13 cm

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Rolf Dobelli

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Kundenrezension aus Deutschland 🇩🇪 am 21. Oktober 2005

This powerful indictment of President George W. Bush's administration comes from a prize-winning economist and journalist. Even if author Paul Krugman's stiffest critics would not argue with the facts in his New York Times columns, they would argue mightily about his interpretations. Since the administration's story is still unfolding, the net effect of Bush's economic, political and managerial decisions have not been felt fully. When they are, Krugman contends in columns published from January 2000 to January 2003, the U.S. will face dramatically higher inflation and a host of economic woes. He blames Bush for creating the moral climate that enabled the recent corporate scandals. Krugman asks passionately why Bush has lied consistently to the public about the budget, the war and even the real goal of his administration, and gotten away with it. He itemizes a list of administration lies and misuse of information. He contends that Bush's real aim is to unravel the welfare state, reduce taxes and help the wealthy. While some columns are dated, most seem remarkably fresh, so fresh that it is too soon for a final conclusion about many of these predictions. We think this is required reading for anyone interested in politics or the U.S. economy, whether Krugman's take on Bush will please you or infuriate you.

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想像するよりも、過激な本でした。だって序文で、KISSINGERの処女作のRESTORED　WORLDを取り上げてブッシュ政権の性格付けをしていたのには驚きました。もはや、これは革命政権だと言い切っているわけですから。基はニューヨークタイムズに掲載されたコラムです。取り上げられているのは基本的にブッシュ政権の政策、並びに政権の性格に着いての驚くほどの批判のオンパレードです。カリフォルニアの電力危機、減税政策、環境政策、エンロン問題など多岐にわたりますが、ほとんどの問題については、私の知識では正邪の判断をつけることは無理です。ただこの政権の持つイデオロギー性の指摘については、強い印象を受けました。結果として、読者に、こんな政権や政治は果たして長持ちするのでしょうかという疑問を抱かせることには成功していると思います。結構、メランコリックになっているのは、Ralph Naderについての部分ですね。逆に力が入っているのは、チェイニーやイギリスの料理の変化の部分かな。あっという間に読める本です。

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Edsopinion.com

Lucid, Intelligent and Frightening

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Are you ever puzzled by the fact that the Bush Administration seems to say one thing and then do another? Well this book explains the Bush Presidency not by what it says but by the consequences of what it does. Mr. Krugman's book will be attacked on this forum by all the right wing pundits, disclosed or undisclosed, who now write book reviews on Amazon for the purpose of dissuading the public from reading meaningful books or books that run counter to their own views. Read this book, think and be enlightened.
This book didn't start as a book but as columns Mr. Krugman, who teaches economics at Princeton, wrote mostly for the Op-Ed page of the N.Y. Times from 2000 to 2003. Therefore he had the benefit of a great deal of feed back from counter columns on the same page and elsewhere. His accumulated writings were then organized in topics and published in this book. His statements and concerns were tested in the public arena long before they became a book. If he were just attacking the Administration on trivial grounds or for minor compromises made to gain some larger political concession for the common good he would have been booed off the stage long ago. He was not and the reason is two fold, one, he is a gifted writer able to take complicated economic matters and political situations and make them lucid and readable and two, as an educator he has no stake to protect except that of a concerned citizen.
Why would Mr. Bush want tax cuts that send us in to mounting deficits? I always thought compassionate conservatives were against deficit spending. Well the unstated reason differs from the stated reasons of tax relief, economic stimulus, supply side capital formation for investment etc. The real reason is that the present administration wants to starve what they perceive as big, unnecessary government into small government. Something like we had in the nineteenth century. You remember the nineteenth century don't you with its unrestrained capitalism leading to the exploitation of the public and the rape of our natural resources, the sale of tainted food products, the exploitation of labor, the amassing of great wealth by a few while average families struggled to make ends meet on six day weeks with ten hour days etc. Male life expectancy then was around forty and widows with small children were common. Also you remember the Spanish American War. A war historians are still trying to explain. Was it to free Cuba, to acquire the Philippines as a colony, to make Puerto Rico a state or just to make the world safe from the despotic rule of Spain? Does this sound like Iraq?
Mr. Krugman examines the Administrations actions and points out with logic and with factual examples the following:
The compassionate conservatives are really radical conservatives, who wish the following:
1.To shrink government by tax cuts to the size it was in the administration of Herbert Hoover.
2.To bankrupt Social Security by using the SS security trust, meant for the Baby Boomers, to pay for other programs with budget deficits because of the draconian tax cuts that benefit mainly the top two percent of taxpayers.
3. To, shrink the SEC, Labor Department, Health Education and Welfare Departments and any other perceived department or bureau charged with the protection of the public (except the military with whom these people do a lot of business) so that it has a budget so small to make it meaningless. This is especially true of any environmental protection programs that might be bothersome to the friends of the Administration.
4. To regress foreign policy back to at least the McKinley Administration.
5. To limit taxes to the income earned by ones labor.
6.To eliminate taxes on income from capital.
7.To eliminate inheritance taxes.
7. To provide as much corporate welfare as possible at the expense of the wage earning citizenry.
8. To make economic and social opportunities dependent on ones connections rather than abilities.
These actions resemble the aims of those who wish to establish a plutocracy based on inherited wealth just in case such an aristocracy is not already in place.
Does all this sound way out there? Consider that in 1983 Senator Pat Moynihan, Alan Greenspahn and others on a committee to reform Social Security recognized that the baby boom generation created a huge bubble in the population. Social Security is set up so each generation pays for the preceding generations Social Security through payroll taxes. Since there would be less people working after the baby boom generation retired adjustments were made. A two percent increase in payroll taxes was enacted to be held in trust until it was needed to pay for the baby boomers Social Security. Well Bush has "borrowed" the trust money issuing treasury bonds as security. So thirty percent of every payroll tax dollar is going into the general fund. Something like one trillion dollars has been borrowed. This method of borrowing keeps interest rates down now because the government is not competing for private capital to finance the deficit, but the debt will have to be paid by future generations and since taxes have been cut to mainly benefit the top two percent of taxpayers the burden will fall on the middle class. Also payroll taxes are a very regressive tax falling mainly on the poorest segment of society and take money out of the hands of those most likely to spend it on consumer goods so in effect the cost of financing the government is falling on those least able to do so in a way most damaging to the economy.
This book tells us to stop listening to buzz words like, compassionate conservative, no child left behind etc and look to the actions of the Bush administration for the truth.
Since Bush took office the gap between rich and poor is steadily widening. Wondering why? Mr. Krugman explains the reasons for this. Do wonder if your children will have decent jobs or if you are a baby boomer, will you have a secure retirement? After you read this book you will know the reasons for your concern. When you finish this book then read Robert Rubin's, In An Uncertain World, for a further discussion of responsible fiscal and monetary policies. Edsopinion.hopto.org.

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T. Hooper

A Timely Warning

Kundenrezension aus den USA 🇺🇸 am 28. Dezember 2003

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I found this book to be highly interesting. First of all, this book is made up of Krugman's columns from the The New York Times and Fortune magazine, so there isn't a lot of new material in this book. The good point is that these columns are collected into different categories, so you can see the flow of Krugman's reasoning clearly.
For me, the most interesting thing I learned is that Bush's tax cuts were completely unnecessary and benefited mostly rich and wealthy people. For example the much talked about death tax is only applicable to estates over 3 million dollars. The average person doesn't even pay death taxes, but the way Bush talks about it, you would think everyone is paying through the nose. Krugman also goes on to outline how Bush lies about his budget numbers, something people don't often double-check. It's good to see that consciencious economists such as Krugman are keep us informed. Also Krugman points out Bush's crony capitalism. It's commonly known that Bush only invites his friends to play, but Krugman gives some concrete examples.
This book is a must read before the 2004 election. Inform yourself of the facts.

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Barron Laycock

Terrific, Enticing Collection Of Krugman's Columns!

Kundenrezension aus den USA 🇺🇸 am 7. Oktober 2003

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Princeton economist Paul Krugman sits in the catbird seat to better view the massive socioeconomic and political changes that have washed over the United States and the world in the last decade. As a columnist for the New York Times he has consistently demonstrated an uncanny ability to see the larger picture in which specific social, economic, and poltiical events are meaningfully embedded. This collection of winsome and worldly columns gathered from those published over the last several years provide a telling snapshot of a system in change, in terms of its values, its mores, and its leaders. And it is in the depiction of these leaders, both in private and public life, that the reader senses the alarm and concern the author so earnestly conveys regarding the cultural changes sweeping over us.
Krugman's columns comprise a collectively pessimistic view of people acting badly, selfishly, and with little regard for the welfare of the people from whom they derive their power, whether it be economic, social or political. And Professor Krugman reserves special scorn and sarcasm for George W. Bush, who he sees as a man who personally embodies the notion of incredibly bad leadership, and whose Bush administration takes on the power of a `revolutionary' movement foisted on the unsuspecting public by public servants who neither respect the populace they serve nor hold the ideas of the current political system as legitimate. Indeed, for Krugman these knaves prancing in knights' attire are really radical zealots presenting themselves as much more moderate and practical denizens of change. HE reserves special scorn for their disingenuous stated policies on issues such as social security, which Krugman understands are based on a cooking of the books, and which are the direct result of forty years of ignorance and dissembling politics on both sides of the political aisle.
Krugman's greatest strength is his savvy and knowing ability to meaningfully employ numbers and statistics in support of his articulations concerning the sorry state of affairs regarding our corporate and political leaders. HE waxes well on subjects as diverse as social security, as mentioned above, as well as on tax programs, the conscious and perhaps criminal manipulation of the stock market in the runaway 1990s, the federal budget and its priorities, and the sudden transformation of a massive budgetary surplus into an equally staggering deficit. Yet, alas, what really won my heart is Krugman's taking to task of his fellow media mavens, who in his opinion have fallen asleep on the journalistic beat, and have allowed many of the social, economic and political events of the last several years to pass unexamined, and by doing so have badly disserved the American public, who should, in his estimation (and mine) have been able to expect more from its designated watchdogs. This is a terrific book to carry with you, as each piece is fairly short and comprises a stand alone article which can be read nicely during a lunch break or while sitting in an airport terminal waiting for your luggage to magically reappear. Enjoy!

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James Mamer

A Right Wing Conspiracy - Really

Kundenrezension aus den USA 🇺🇸 am 28. Dezember 2003

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Forget Steven King and Dean Koontz, hell, forget Edgar Allen Poe. Paul Krugman's The Great Unraveling is the scariest book in print. And with Krugman that wonderful sense of terror, that sense of panic and alarm, doesn't begin to wear off when the last page is finished. After reading those other creepy books, the fear lingers only for a while; after reading Poe one can still hear a few quiet scratches from behind the bricks or, after a night of Koontz one can see ghostly images passing nighttime windows. But reality soon takes over and the images fade. Not so with this book, when the last page of The Great Unraveling is turned you're forced to acknowledge that George W. Bush is still President and that Dick Chaney is still out there - somewhere.
Paul Krugman teaches economics at Princeton and writes a regular op-ed column on economics in the New York Times. The Great Unraveling is a collection of his pieces from the last few years, mostly focused on the Bush administration and its bizarre handling of the domestic political economy. If that doesn't sound interesting you will be pleasantly surprised. Krugman's columns are not the kind of economic writing you were forced to read in college. They are not filled with obscure equations and sprinkled with Greek letters. These essays are short, clear and often surprisingly funny.
In 1999, when the Times contacted him about writing for the paper his professional focus had, for some time, been international financial crises. So, Krugman admits, he did not expect to spend much time writing on domestic politics, but that expectation was based on the assumption that "American policy would remain sensible and responsible." It didn't.
The book is more than a collection of newspaper columns. Professor Krugman has grouped them into chapters and themes and has added an introduction that, alone, is worth the price of the book. In that introduction he sets the political context for the columns that follow and characterizes the Bush administration for what it is: a radical break with the most basic assumptions of all previous post World War II American governments. You don't believe me? Read the book. Krugman convincingly argues that Bush and company have done everything they can to "smash the existing framework" and to mold the world to fit their pre-conceived notions of what it should be.
Bush's obsession with massive tax cuts, primarily for the wealthiest 1%, provide the clearest example of ever-shifting rationales for pre-conceived policy. Candidate Bush first proposed the cuts to "return the excessive surplus" to the people. Then, after the surplus vanished, they were to provide short-run economic stimulus, then, when few believed that, they were said to promote long-run growth. Throughout the book Krugman demonstrates that, in almost every area of policy, when the shifting rationales don't work, Bush just lies. And with a surprisingly large number of voters it all seems to go unnoticed. That is the scary part.

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The Great Unraveling: Losing Our Way in the New Century Gebundene Ausgabe – 1. September 2003

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