Paul Krugman, winner of the 2008 Nobel Prize in Economics, is a professor of economics and international affairs at Princeton University and a columnist for The New York Times.

Deep Depression

In a new book, End This Depression Now!, Nobel Prize–winning economist Paul Krugman says the current economic problems can be fixed both more easily and more quickly than anyone imagines. But politicians’ desire to slash spending is deeply destructive, and he details why austerity is so appealing even to Very Serious People—and why it’s such a bad idea.