The Great Unraveling

For another use, see The Great Unraveling (band).

The Great Unraveling: Losing Our Way in the New Century is a book by American economist and Nobel laureate Paul Krugman, consisting of a collection of his columns for The New York Times (and some for Slate and Fortune). The collected columns were concerned mainly with the U.S. economy in the early 2000s, and about the economic and foreign policies of the George W. Bush administration.^[2][3]

The Great Unraveling: Losing Our Way in the New Century

The Great Unraveling cover
Author	Paul Krugman
Language	English
Subject	US economy in the early 2000s
Genre	Non-fiction
Publisher	W. W. Norton
Publication date	August 17, 2003[1]
Publication place	United States
Media type	Print, e-book
Pages	426 pp[2]
ISBN	978-0393058505 [1]

The book was third on the New York Times Best Seller list for the week of October 5, 2003,^[4] and remained on the best-seller list for eight weeks.^[5] It was listed as one of the 'notable books' of 2003 by The New York Times.^[6]

Main themes

Taken as a whole, the columns were a scathing criticism of the Bush administration, and the Republican party at that time. Krugman argued that the large deficits during that time were generated by the Bush administration as a result of decreasing taxes on the rich, increasing public spending, and fighting the Iraq War. Krugman wrote that these policies were unsustainable in the long run and would eventually generate a major economic crisis.^[7][8][9]