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Acabem Com Esta Crise Já! (2012)

by Paul Krugman(Favorite Author)

3.99 of 5 Votes: 5

languge

English

genre

History & Biography

publisher

Editorial Presença

review 1: I seem to shifting towards a more Keynesian outlook myself; whether that's due to my reading habits as of late, I don't know, but it's definitely happening.As a result, I agree with most of Krugman's ideas here; other reviewers have discussed them much better than I could, so I won't fill my review with that. My problem is that we have very little evidence for Krugman's views in a modern economy - no one will know for certain whether it works unless we try.Politically, unlike Krugman I think it may be a bit of a pipe dream, but I'm open to rebuttals. Overall: a convincingly written book, full of engaging discussions; perhaps with slightly unrealistic ideas.
review 2: I listened to the audio book and John Shapiro is a great narrator. I agreed with some of the bo... moreok and disagreed with some of the book. The book is very heavy and reads like a text book in some areas. I somewhat agree that the Republicans have taken a scorched earth policy since Obama has taken office. I believe we should fire all Politicians currently in Washington and start over. What I don't necessarily agree with is that adding more debt will fix a debt problem. While I don't believe Congress is to blame for the crisis, Congress and our so called leaders in Washington (of both parties) are guilty of not minding the store if you will and creating laws or in the case repealing laws to prevent such a thing from happening. Spending and debt is what got us into this problem and that spending and debt is what created the bubble, not because the Federal Government, was handing out money but because they made it easy for private corporations/corporate America to lend money which created lots of spending and debt and that led to the debacle we are in now. So do I think that the government taking on more debt will get us out of the situation we are in? I am not convinced of this. On paper and in theory Krugman's ideas make sense and I believe where they fall apart is where human fear and emotion come in. Economic theories will not predict how people will react to uncertainty/fear/and doubt and will not predict how Politicians will work to pass laws when all they seem to care about is getting re-elected so they will do what gets them re-elected and not necessarily what will create more jobs. I do agree there has been a shift from job creating to deficits and I agree that we need to return to our manufacturing days and exporting products that other countries want to buy and ending our current relationship with China and holding them accountable for their under handed treatment of IP, currency valuation, and other things economic. I am also in favor of putting teachers back to work as well as building/re-building our crumbling infrastructure which will put some Americans back to work for a short time and also tends to create a more mobile work force as construction workers with expertise tend to travel from one state to another where there skills and past experience can be useful as these projects spread. I believe that American companies need to be manufacturing more things here in the USA and that the Congress needs to make it harder for companies to shift manufacturing overseas for tax, profit, health care, or currency exchange reasons. I don't believe it is the Government's job to bail people out who bought houses they could not afford, because even after the government helps them out they still live in a house they cannot afford and after 3-5 years of government assistance this set of our population is not likely to have improved their socioeconomic status to put them in a bracket that allows them to afford the house they are in. I also believe that once people in this country are on welfare or government assistance it is very hard to wean them from this/these programs. The book is very thought provoking. Criticisms are the Krugman says he will not talk a lot about what caused the crisis and led up to the crisis and spends the majority of the book, 4/5, I would say talking about the history of the crisis. less

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