About the Author

Paul Krugman, recipient of the 2008 Nobel Prize in Economics and best-selling author, has been a columnist at The New York Times for twenty years. A Distinguished Professor at City University of New York, he lives in New York City.

Reviews

In this eloquent defense of liberalism, New York Times op-ed columnist Krugman (economics; Princeton Univ.; The Great Unraveling) drafts a blueprint for progressive political change. His central theme is that current liberals are actually politically conservative because they want to preserve and expand upon the effective policies of Roosevelt's New Deal. Conversely, the Republican Party, in his view, has today been taken over by "movement conservatives" whose chief goal is to dismantle the New Deal. Arguing that trends are shifting in favor of liberal and progressive approaches to governing, Krugman provides a perceptive critique of why Clinton's 1993 health insurance proposal failed and how liberals can avoid the same mistakes. His themes are similar to those expressed by Douglas Massey in Return of the "L" Word and Robert Reich in Reason, but Krugman is better able to explain his views to a general readership. The book will be in great demand in both public and academic libraries and may even lead some readers to Krugman's more scholarly writings. [See Prepub Alert, LJ 6/1/07.]-Thomas A. Karel, Franklin & Marshall Coll. Lib., Lancaster, PA Copyright 2007 Reed Business Information.

Economist and New York Times columnist Krugman's stimulating manifesto aims to galvanize today's progressives the way Barry Goldwater's The Conscience of a Conservative did right-wingers in 1964. Krugman's great theme is economic equality and the liberal politics that support it. "America's post-war middle-class society" was not the automatic product of a free-market economy, he writes, but "was created... by the policies of the Roosevelt Administration." By strengthening labor unions and taxing the rich to fund redistributive programs like Social Security and Medicare, the New Deal consensus narrowed the income gap, lifted the working class out of poverty and made the economy boom. Things went awry, Krugman contends, with the Republican Party's takeover by "movement conservatism," practicing a politics of "deception [and] distraction" to advance the interests of the wealthy. Conservative initiatives to cut taxes for the rich, dismantle social programs and demolish unions, he argues, have led to sharply rising inequality, with the incomes of the wealthiest soaring while those of most workers stagnate. Krugman's accessible, stylishly presented argument deftly combines economic data with social and political analysis; his account of the racial politics driving conservative successes is especially sharp. The result is a compelling historical defense of liberalism and a clarion call for Americans to retake control of their economic destiny. (Oct.) Copyright 2007 Reed Business Information.