The Age of Diminished Expectations: U.S. Economic Policy in the 1990s.

KRUGMAN, Paul.

$400.00

Item Number: 135228

Cambridge, MA: MIT Press, 1990.

First edition of Krugman’s straightforward treatise on the position of the American economy in the 1990s. Octavo, original blue cloth. Inscribed by Paul Krugman on the title page. Near fine in a near fine dust jacket. Jacket illustration by Christopher Volet. Uncommon signed.

In 2008, Krugman won the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography. According to the prize Committee, the prize was given for Krugman's work explaining the patterns of international trade and the geographic concentration of wealth, by examining the effects of economies of scale and of consumer preferences for diverse goods and services. The Age of Diminished Expectations is a remarkable achievement, a quick read that tells you much of what there is to know about the great economic issues of the day" (Peter Passell , New York Times Book Review).