oldfart
Older than dirt
Paul Krugman has completed his course notes for Econ 348, "The Great Recession" and posted them here: Economics and Politics by Paul Krugman - The Conscience of a Liberal - NYTimes.com - NYTimes.com
Each is a slide show. Some of the material is obvious, some is incomplete, and some is incomprehesible (because these are the slides, not the instructor notes). A few will make sense only with a graduate level grasp of history of economic thought, but most will be intelligible to anyone who has been following the economic discussion (as opposed to just the political punditry). In fact, if you approach the issues cold, this is an excellent way to catch up on what the actual economic debate about the last 8 years or so is all about.
So, FWIW here it is, warts and all.
NOTE: Each item on the list below is a link to the pdf slideshow for that topic. I reproduce the list to help anyone interested to decide if going to the link and getting any particular set of slides is worth it to them.
____
Introduction
Basic analysis of depressed economies.
Bubbles
Shadow banking and the bubble
The panic
Bailout
Stimulus
War among the economists
The spread of the crisis
The euro
The euro crisis
Austerity, part I
Austerity, part II
Inflation or deflation?
Quantitative easing
Unemployment, structural or cyclical?
Long-run fiscal prospects
Crisis stories
Secular stagnation
The new normal
Each is a slide show. Some of the material is obvious, some is incomplete, and some is incomprehesible (because these are the slides, not the instructor notes). A few will make sense only with a graduate level grasp of history of economic thought, but most will be intelligible to anyone who has been following the economic discussion (as opposed to just the political punditry). In fact, if you approach the issues cold, this is an excellent way to catch up on what the actual economic debate about the last 8 years or so is all about.
So, FWIW here it is, warts and all.
NOTE: Each item on the list below is a link to the pdf slideshow for that topic. I reproduce the list to help anyone interested to decide if going to the link and getting any particular set of slides is worth it to them.
____
Introduction
Basic analysis of depressed economies.
Bubbles
Shadow banking and the bubble
The panic
Bailout
Stimulus
War among the economists
The spread of the crisis
The euro
The euro crisis
Austerity, part I
Austerity, part II
Inflation or deflation?
Quantitative easing
Unemployment, structural or cyclical?
Long-run fiscal prospects
Crisis stories
Secular stagnation
The new normal
