The Great Unraveling: Losing Our Way in the New Century

FROM OUR EDITORS

This collection of his incisive New York Times op-ed pieces by noted economist Paul Krugman examines the implosion of the '90s boom, assessing the disastrous effects of corporate scandals, scams, and deficit spending on the economy and assigning blame to the current administration. Krugman was the first mainstream columnist to ask the key questions about the Bush philosophy, and that fearless style is fully displayed here.

FROM THE PUBLISHER

This national bestseller from one of our most important political commentators chronicles the dangers of an administration that has raised dishonesty to dizzying heights. Award-winning economist Paul Krugman exposes the devastating facts that speak for themselves. From identifying the flaws in George W. Bush's economic plans to telling the story behind California's energy crisis, to revealing the administration's reasons for going to war in Iraq, Krugman offers compelling justification for his criticisms and sets the first years of the twenty-first century in a stark new light. This up-to-date edition includes a new introduction and other material that reflect the events of 2004.

FROM THE CRITICS

New York Review of Books

....It seems slightly scandalous that Krugman has persisted in noting that the present administration has been moving the lion's share of the money to an array of corporate interests distinguished by the greed of their CEOs, an indifference toward their workers, and boardroom conviction that it is the welfare state that is ruining the country. Krugman has been strident. He has been shrill. He has lowered the dignity of the commentariat. How refreshing.
— Russell Baker

The New York Times

Krugman's best columns showcase his fluency in economics, analytical power and willingness to go out on a limb.—Peter Beinart

Publishers Weekly

"This is not, I'm sorry to say, a happy book," says Krugman in the introduction to this collection of essays culled from his twice-weekly New York Times op-ed column, and indeed, the majority of these short pieces range from moderately bleak political punditry to full-on "the sky is falling" doom and gloom. A respected economist, Krugman dissects political and social events of the past decade by watching the dollars, and his ideas are emphatic if not always well argued. He has a somewhat boyish voice and a pleasingly enthusiastic tone, although his enthusiasm sometimes leads him to take liberties with punctuation. The essays are grouped thematically instead of chronologically, which gives this audio adaptation a scattershot feel. Since these pieces were written over a long stretch of time, certain key ideas recur quite often-political reporters don't pay enough attention to the real news, the Bush administration is dishonest, big corporations are inherently untrustworthy-and can become tedious. To his credit, Krugman is not entirely partisan-he reveals himself to be a free-market apologist-and even listeners who disagree with most of the things he says will likely be taken in by his warm and energetic delivery. Simultaneous release with the Norton hardcover (Forecasts, Aug. 18). (Sept.) Copyright 2003 Reed Business Information.

Foreign Affairs

A Princeton economist turned New York Times columnist, Krugman combines colorful writing with astute economic analysis. This book is a collection of his columns from 2000 to 2003 (plus some earlier articles written for non-economists) with new introductory commentary. Krugman is a self-conscious outsider, an iconoclast who offers trenchant commentary on bad policy and bad business behavior, and much of the material here concerns what he considers the Bush administration's systematic deception of the public. In the introduction, he posits the existence of a revolutionary right-wing conspiracy — a term he does not use lightly. His commentary ranges from developments in Japan and Europe to financial crises and foreign trade policy, areas in which Krugman has made important contributions as an economist. He emerges as a strong, insightful critic of an unqualified "market-knows-best" world view.

Library Journal

Krugman, twice-weekly op-ed columnist for the New York Times and a Princeton economics teacher, shares his take on President Bush and the radical right and how the United States has "lost its way amid economic disappointment, bad leadership, and deceit." The book contains more than 100 of the author's Times columns published between January 2000 and January 2003 and a few extras published in Fortune magazine and at Slate.com, plus his added commentary that freshens the material. The articles cover the gamut of national economic and political issues that dominated the period, including the California energy crisis, the Bush administration's tax cuts, and the war on terrorism. Krugman, who is adamantly anti-right-wing, draws on his solid economics training and experience in these credible pieces, which transcend the rant that sadly fills today's political commentaries. Highly recommended for university and larger public libraries.-Dale Farris, Groves, TX Copyright 2004 Reed Business Information. Read all 6 "From The Critics" >

WHAT PEOPLE ARE SAYING

The new Krugman book documents why this top-drawer academic economist deserves at least one Pulitzer Prize for his accurate Times op-ed columns that are a lone voice, telling things as they are and debunking Washington policies that are neither compassionate nor conservative. Plutocratic democracy is in the saddle. Rx. Krugman twice a week and in this coherent sum-up on relevant 2003-2010 economics. Buy. Read. Ponder. Benefit. — Paul A. Samuelson

You need to read this book, and when you do, you'll have only one response: it's time to get mad, for most of the media are in denial about how far the takeover of this country by the radical right has already progressed. — Molly Ivins

Paul Krugman is the indispensable American columnist, a voice of truth in a political world of lies and calculated injustice. This book is even better. It makes the case, unrestrained by deference, that a revolutionary right-wing movement is out to transform the United States-and is succeeding, rolling over a supine press and political opposition. — Anthony Lewis

If I had a tenth of Paul Krugman's brain and a twentieth his courage, I'd be the happiest person on the face of the Earth! — James Carville

Paul Krugman is the great discovery of recent American journalism. Lively, lucid, witty, superbly informed, his commentary on the state of the union is required reading for anyone concerned about the American future. — Arthur M. Schlesinger Jr.