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The Conscience of a Liberal | 
 enlarge | Author: Paul Krugman
Publisher: W. W. Norton
Category: Book
List Price: $25.95
Buy New: $14.44
You Save: $11.51 (44%)
New (38) Used (16) Collectible (3) from $14.43
Rating:  87 reviews
Sales Rank: 1592
Media: Hardcover
Number Of Items: 1
Pages: 352
Shipping Weight (lbs): 1.2
Dimensions (in): 9.3 x 6.1 x 0.8
ISBN: 0393060691
Dewey Decimal Number: 339.220973
EAN: 9780393060690
ASIN: 0393060691
Publication Date: October 1, 2007
Availability: Usually ships in 1-2 business days
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Product Description
This wholly original new work by the best-selling author of The Great Unraveling challenges America to reclaim the values that made it great.
With this major new volume, Paul Krugman, today's most widely read economist, studies the past eighty years of American history, from the reforms that tamed the harsh inequality of the Gilded Age to the unraveling of that achievement and the reemergence of immense economic and political inequality since the 1970s. Seeking to understand both what happened to middle-class America and what it will take to achieve a "new New Deal," Krugman has created his finest book to date, a work that weaves together a nuanced account of three generations of history with sharp political, social, and economic analysis. This book, written with Krugman's trademark ability to explain complex issues simply, will transform the debate about American social policy in much the same way as did John Kenneth Galbraith's deeply influential book, The Affluent Society.
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| Customer Reviews: Read 82 more reviews...
Synthesis November 26, 2008
1 out of 1 found this review helpful
This book is a very readable history of economics and politics in the U.S. brought to bear on today's financial times. Mr. Krugman has the unique ability to speak in lay terms and provide an excellent framework for understanding where we've been,where we are and where we're going.
 Gretchenfrage: distribution equality November 22, 2008
8 out of 14 found this review helpful
From the latest Nobel winner for economics a political statement and a historical overview of American politics since the early 20th century. Key themes of the story are the impact of race and racism on election results; the development of the 'compression', ie a more equal distribution of income from the New Deal to the 80s, and the more unequal trend since then; the take over of the Republican party by fundamentalist conservatives; the need for a radical health care reform.
This has been summarized by other reviewers. For me as an outsider looking in, it is always fascinating how terms have different meaning in America.
Consider this quote: "Even liberal economists have a healthy respect for the effectiveness of markets as a way of organizing economic activity."
This shows mainly how far the US has moved away from European languages. As a matter of fact, liberal economists are the ones who argue for the market in first place. What you call 'liberal' should be called different names. Maybe 'progressive'; Krugman discusses this term in the book.
Your conservatives would be 'neo-liberals' in Europe, and they are actually the real radicals in the game. Milton Friedman was as radical as Marx, and like Marx, he was a dangerous man with brillant insights (Krugman admits that Friedman deserved his Nobel regardless of political implications). There is nothing more dangerous than the belief in (any)absolute truth!
Since the book is essentially a political pamphlet, Krugman does not go very deep in most of his statements. I would wish for a more thorough analysis of the following:
"Middle class societies don't emerge automatically as an economy matures, they have to be created through political action."
That would be a starting hypothesis for a different book, that I would like to read from Krugman. Is the middle class society a means to an end? Is it a value in itself? What is the relation between sustainable growth and distribution structures? How do the 'values' of the opposing political camps relate to the implications of this question?
 ahistorical, nonsensical, pseudo-intellectual babble November 20, 2008
0 out of 10 found this review helpful
The title of the book is oxymoronic; the same can be said of its contents (minus the oxy).
Heart and Brains on the Sleeve November 17, 2008
2 out of 4 found this review helpful
Economists properly equipped with a balanced combination of heart and brains did not need the Nobel Prize in order to recognize Paul Krugman's valuable contribution both to the "dismal science" and to the global public discourse (such as it is...). "The Conscience of a Liberal" is a sine-qua-non for anyone caring to analyze the current global financial (and real-economy) crisis. It isd also a great springboard for a search for the right policy mix to attain viable solutions to the huge problem we are all facing.
Essential Reading November 16, 2008
2 out of 4 found this review helpful
Krugman isn't concerned with narrowly defined economics. This is an historical perspective that incorporates the social and political forces that shape the economy. In fact, his thesis is that the increasing inequality in the United States, a feature which is more and more exceptional to this country when compared to other advanced Western countries, is a result of the policies brought upon by the movement conservatism ideology which took over the Republican Party since Ronald Reagan.
This movement has now (the book was published in 2007) been rejected by the majority of the electorate and it is up to Barack Obama's government the task of implementing a new New Deal that would reduce inequality and deliver a better economic future to the overwhelming majority of America's population.
Given the crossroads where we are now, it is essential to understand the powerful forces that will match each other, the interest groups lying beneath each one, and to see beyond wedge issues that have divided the electorate. Krugman does it masterfully. This is the best book I have read in a long time.
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