No one has more authority to call the economic shots than Paul Krugman. In this long-awaited work, which contains all his most influential recent writings along with new commentary, Krugman chronicles how the boom economy unravelled: how exuberance gave way to pessimism, how the age of corporate heroes gave way to corporate scandals, how fiscal responsibility collapsed. From his account of the secret history of the California energy crisis to his devastating dissections of the dishonesty of the Bush administration, Krugman tells the uncomfortable truth about how the United States lost its way.