What better guide could we have to the 2008 financial crisis and its resolution than the newest Nobel Laureate in Economics, columnist and author Paul Krugman? In a dazzling and prescient polemic, now fully updated from his 1999 classic, Krugman shows how today"s situation parallels the events that caused the Great Depression. He surveys the economic crises that swept across Asia, Russia and Latin America in the 1990s, and reveals that those crises were a warning for all of us. Now depression economics has returned: when the great housing bubble of the mid-2000s burst, the Western financial system proved as vulnerable as those of developing countries caught up in earlier crises - and a replay of the 1930s seems all too possible. Krugman shows how it happened and lays out the steps that must be taken to turn around a world economy sliding into a deep recession. Brilliantly crafted in his trademark style - lucid, lively, and supremely informed - this will become a...