Great Unraveling Losing Our Way in the New Century

No one has more authority to call the shots the way they really are than award-winning economist Paul Krugman, whose provocative columns are keenly followed by millions. One of the world's most respected economists, Krugman has been named America's most important columnist by the and columnist of the year by magazine. A major bestseller, this influential and wide-ranging book has been praised by as Krugman's "most provocative and compelling effort yet," the as "refreshing," and Library Journal as "thought-provoking...even funny." put it in vivid terms: "In a time when too few tell it like it is...[Krugman] has taken on the battle of our time." Built from Paul Krugman's influential Op-Ed columns for the , this book galvanized the reading public. With wit, passion, and a unique ability to explain complex issues in plain English, Krugman describes how the nation has been misled by a dishonest administration. In this long-awaited work containing Krugman's most influential columns along with new commentary, he chronicles how the boom economy unraveled: how exuberance gave way to pessimism, how the age of corporate heroes gave way to corporate scandals, how fiscal responsibility collapsed. From his account of the secret history of the California energy crisis to his devastating dissections of dishonesty in the Bush administration, from the war in Iraq to the looting of California to the false pretenses used to sell an economic policy that benefits only a small elite, Krugman tells the uncomfortable truth like no one else. And he gives us the road map we will need to follow if we are to get the country back on track. The paperback edition features a new introduction as well as new writings.

"Krugman is one of the few commentators able to sound both appalled and reasonable at the same time....Many readers will find Krugman very persuasive as to how our present government has done us wrong." Publishers Weekly

"You need to read this book, and when you do, you'll have only one response: it's time to get mad." Molly Ivins, author of Shrub and Bushwhacked

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

"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, Institute Professor Emeritus, Massachusetts Institute of Technology

"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

"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.

"The title of Paul Krugman's The Great Unraveling might well have been The Great Usurpation. In a republic hijacked by the radical right whose leaders reject the legitimacy of our current political system, Paul Krugman's coruscant book calls for a 'great revulsion' across the land before it is too late." David Levering Lewis, author of W.E.B. DuBois: Biography of a Race

"Paul Krugman [has] become the most devastatingly precise voice of liberal outrage in American journalism. The Times' dismal scientist had swallowed a passion pill and turned into a partisan scrapper....The Great Unraveling collects Krugman's best work....This is columnizing of a very high order. But reading one 750-word column after another creates a monotonous prose rhythm over hundreds of pages that does not frame Krugman's writing in the best light. After reading dozens of columns you start to hunger for something more in-depth that might answer the central political problem of our era: With so much to get mad about, sitting in broad daylight, why hasn't America risen in rage?" Scott Rosenberg, Salon.com

"This is a thought-provoking book, at times enraging or depressing, sometimes even funny (depending on one's political leanings). Highly recommended." Library Journal

A major bestseller, this influential and wide-ranging book has been praised byBusinessWeek as Krugman's "most provocative and compelling effort yet," the New York Review of Books as "refreshing," and Library Journal as "thought-provoking...even funny." The American Prospect put it in vivid terms: "In a time when too few tell it like it is... Krugman] has taken on the battle of our time." Built from Paul Krugman's influential Op-Ed columns for theNew York Times, this book galvanized the reading public. With wit, passion, and a unique ability to explain complex issues in plain English, Krugman describes how the nation has been misled by a dishonest administration. In this long-awaited work containing Krugman's most influential columns along with new commentary, he chronicles how the boom economy unraveled: how exuberance gave way to pessimism, how the age of corporate heroes gave way to corporate scandals, how fiscal responsibility collapsed. From his account of the secret history of the California energy crisis to his devastating dissections of dishonesty in the Bush administration, from the war in Iraq to the looting of California to the false pretenses used to sell an economic policy that benefits only a small elite, Krugman tells the uncomfortable truth like no one else. And he gives us the road map we will need to follow if we are to get the country back on track The paperback edition features a new introduction as well as new writings.

A galvanizing new work from America's leading economic critic — a book that will set the terms of the political debate for years to come.

No one has more authority to call the shots the way they really are than Paul Krugman, whose provocative New York Times columns are keenly followed by millions. One of the world's most respected economists, Krugman has been named America's most important columnist by the Washington Monthly and columnist of the year by Editor and Publisher magazine.

In this long-awaited work containing Krugman's most influential columns along with new commentary, he chronicles how the boom economy unraveled: how exuberance gave way to pessimism, how the age of corporate heroes gave way to corporate scandals, how fiscal responsibility collapsed. From his account of the secret history of the California energy crisis to his devastating dissections of dishonesty in the Bush administration, Krugman tells the uncomfortable truth about how the United States lost its way. And he gives us the road map we will need to follow if we are to get the country back on track.

"Paul Krugman is a hero of mine. Read his book."--Al Franken

The national bestseller: A galvanizing work from America's leading economic critic'"a book that will set the terms of the political debate for years to come.

Paul Krugman is the recipient of the 2008 Nobel Prize in Economics. He writes a twice-weekly op-ed column for the New York Times and a blog named for his 2007 book, The Conscience of a Liberal. He teaches economics at Princeton University.