There is a Crisis of Faith happening in the Western World. We are living in the Great Recession. Noble Prize winner Economist Paul Krugman theorises there is no political will or intellectual clarity to solve the problems. The ecomomic system is sick and will not begetting better in the near future. There has been a software crash in the United States and Europe: a „colossal muddle.“ How did this happen? Who are the economic doctors in charge of the patient? Why is the cure causing more suffering than the disease? Krugman explains in a persuasive manner what is lacking in policies from the political level, in clear language that those who do not have a degree in economics can understand.

From the Euro Bubble to the unemployed in the United States, lack of comprehensive banking regulation and the Inflation Boogie Man to Neo- liberal propaganda, this book weaves an engaing fine thread of facts mixed with historical accounts of how the world got to this point and what steps he prescribes to move forward.

This is not a dull economics book. This is what we are experiencing today.

This international bestseller has been translated into 24 languages.