La economía de la depresión

BERKELEY – Hace un decenio, el premio Nobel de economía de 2008, Paul Krugman, escribió un librito titulado El regreso de la economía de la depresión . Fue un absoluto fracaso.

La crisis financiera del Asia oriental en el período 1997-1998 fue profunda, pero corta y se remedió aprisa, una vez que el FMI comprendió que el problema no eran unos gobiernos apáticos y el entonces Secretario del Tesoro de los Estados Unidos, Robert Rubin, lanzó en paracaídas los bancos de Nueva York a la economía de Corea del Sur. El hundimiento, poco después, de la burbuja tecnológica en el período 2000-2001 no provocó una depresión, sino simplemente un descenso de la producción tan suave, que sólo mereció el nombre de “recesión”.

Ahora Krugman vuelve con una versión revisada y ampliada de su libro y, lamentablemente, no puede ser más oportuno, pues hay muchas más razones hoy que en 1998 para que pensemos en una “economía de la depresión”.

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