Paul Krugman
Paul Krugman
Paul Robin Krugman is an American economist, Distinguished Professor of Economics at the Graduate Center of the City University of New York, and an op-ed columnist for The New York Times. In 2008, Krugman was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of economies of...
NationalityAmerican
ProfessionJournalist
Date of Birth28 February 1953
CityAlbany, NY
CountryUnited States of America
If Europe's example is any guide, here are the two secrets of coping with expensive oil: own fuel-efficient cars, and don't drive them too much.
Republican candidates had to appeal to their base, which is by and large elderly white people arguing with empty chairs.
Democracy or breakdown in Syria would change the whole Middle East overnight.
The habit of disguising ideology as expertise has created a deficit of legitimacy.
I think so long as fossil fuels are cheap, people will use them and it will postpone a movement towards new technologies.
The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.
The Obama campaign seems dangerously close to becoming a cult of personality.
Whenever you see some business person quoted complaining about how he or she can't find workers with the necessary skills, ask what wage they're offering. Almost always it turns out what said business person really wants is highly (and expensively) educated workers at a manual-labor wage. No wonder they come up short.
There has been plenty to criticize about President Obama’s handling of the economy. Yet the overriding story of the past few years is not Mr. Obama’s mistakes but the scorched-earth opposition of Republicans, who have done everything they can to get in his way - and who now, having blocked the president’s policies, hope to win the White House by claiming that his policies have failed.
But where will the Fed find another bubble?
Surely I'm not the only person to ask the obvious question: How different, really, is Mr. Madoff's tale from the story of the investment industry as a whole?
[The US] budget is dominated by the retirement programs, Social Security and Medicare - loosely speaking, the post-cold-war federal government is a big pension fund that also happens to have an army.
It's a funny thing, by the way, how people who love free markets are also quite sure that they know that investors are being irrational.
There's one thing that the Fed has been really good at cracking down on, and that's inflation.