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Do the Right Macroeconomics: The Many Good Points in Paul Krugman’s End this Depression Now!

Author

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  • Mario Pianta

Abstract

Paul Krugman’s new book offers an analysis of the current crisis and cogent proposals for economic policy. Keynes’ approach is enriched with ideas drawn from economists such as Fisher, Kalecki and Minsky, and the book provides a con- vincing interpretation of the macroeconomic issues. The problems of demand, monetary policy and the austerity measures that have aggravated the depression in the US and Europe are examined. The issues of international openness, production capacity and income distribution, however, receive limited attention. Finally, the lessons for Europe and Italy are discussed.

Suggested Citation

  • Mario Pianta, 2012. "Do the Right Macroeconomics: The Many Good Points in Paul Krugman’s End this Depression Now!," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 4, December.
    • Handle: RePEc:rar:journl:0251
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    More about this item

    Keywords

    Economic policy; Macroeconomics; Depression; United States;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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