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Paul Krugman: Our Invisible Rich

Paul Krugman: Half a century ago, a classic essay in The New Yorker titled "Our Invisible Poor" took on the then-prevalent myth that America was an affluent society with only a few "pockets of poverty." For many, the facts about poverty...Show More Summary

Krugman reviews Madrick

Here are the first two paragraphs of Paul Krugman’s review of a new book by NYT writer Jeff Madrick: The economics profession has not, to say the least, covered itself in glory these past six years. Hardly any economists predicted the 2008 crisis — and the handful who did tended to be people who also […]

KRUGMAN: Mario Draghi Probably Can't Save Europe On His Own

In an interview, Paul Krugman explains why Mario Draghi — despite his recent stimulus measures — probably can't save Europe's economy on his own. Edited by Alex Kuzoian. Additional camera by Graham Flanagan and Justin Gmoser. Follow BI Video: On Facebook Join the conversation about this story »

Can Mitigating Global Climate Change be a Free Lunch?

Paul Krugman launched the latest salvo in the battle over the economics of climate change when he recently announced: “Saving the planet would be cheap; it might even be free.” But he ignores critical nuances on policy and technology that lead him to the wrong conclusion that climate mitigation is a free lunch. read more

Abbreviated pundit round-up: Truth about the AIG bailout, Holder's legacy, Tom Cotton's 'principles'

Paul Krugman at The New York Times writes Our Invisible Rich: Half a century ago, a classic essay in The New Yorker titled “Our Invisible Poor” took on the then-prevalent myth that America was an affluent society with only a few “pockets...Show More Summary

Paul Krugman: Our Invisible Rich

The difference between the rich and the poor is larger than most people realize: Our Invisible Rich, by Paul Krugman, Commentary, NY Times: Half a century ago, a classic essay in The New Yorker titled “Our Invisible Poor” took on...

Morning Must-Read: Paul Krugman: The New Classical Clique and the Insulation of International Macro

Paul Krugman: The New Classical Clique: "As I said, international macro went in a different direction... >...The overwhelming international evidence against a new classical view, although that view persisted on the domestic side despite compelling evidence after 1980.... Show More Summary

Labour market slack in Canada and the US

Paul Krugman says: "My guess is that there’s considerably more slack [in the US labour market] than the unemployment number might lead you to suspect, but the truth is that I don’t know." Timothy Lane, deputy governor Bank of Canada...

What kind of Great Stagnation?

(September 27, 2014 12:55 PM, by Scott Sumner) Paul Krugman likes to mock extremely talented conservative economists every time they make a statement that seems inconsistent with the textbook AS/AD model of demand shock-created recessions. And yet as far as I can tell, the views of people like... (0 COMMENTS)

'Seven Bad ideas'

Paul Krugman reviews Jeff Madrick's book “Seven Bad Ideas: How Mainstream Economists Have Damaged America and the World”: Seven Bad Ideas: The economics profession has not, to say the least, covered itself in glory these past six years. Hardly any...

Weekend Reading: Paul Krugman: Review of Jeff Madrick, 'Seven Bad Ideas'

Paul Krugman: 'Seven Bad Ideas,' by Jeff Madrick: "The economics profession has not, to say the least... >...covered itself in glory these past six years. Hardly any economists predicted the 2008 crisis — and the handful who did tended to be people who also predicted crises that didn’t happen. Show More Summary

Paul Krugman dismantles notion that the 1 percent’s lack of humility is the real problem

4 days agoNews : The Raw Story

Columnist and economist Paul Krugman has already dismantled conservative arguments that the poor are poor because they are lazy. Today he takes on the topic that is trending in some conservative media: how the rich aren’t as moral as they used to be, and that if they’d just stop being...

'The New Classical Clique'

Paul Krugman continues the conversation on New Classical economics:: The New Classical Clique: Simon Wren-Lewis thinks some more about macroeconomics gone astray; Robert J. Waldmann weighs in. For those new to this conversation, the question is why starting in the...

Lunchtime Must-Read: Paul Krugman: The Temporary-Equilibrium Method

Paul Krugman: The Temporary-Equilibrium Method: "David Glasner has some thoughts... that I mostly agree with, but not entirely. So, a bit more... >Glasner is right to say that the Hicksian IS-LM analysis comes most directly not out of Keynes but out of Hicks’s own Value and Capital, which introduced the concept of 'temporary equilibrium'... Show More Summary

That Two Percent Inflation Target and Silly Things Economists Say

I see Paul Krugman has picked up on my friend Jared Bernstein's post asking where the Fed's 2.0 percent inflation target came from. He argues that it is a pretty much arbitrary compromise between the idea that the target should be zero...Show More Summary

Paul Krugman: The Show-Off Society

When it comes to the wealthy, is this time different?: The Show-Off Society, by Paul Krugman, Commentary, NY Times: Liberals talk about circumstances; conservatives talk about character. This intellectual divide is most obvious when the subject is the persistence of...

'Having It and Flaunting It'

Paul Krugman: Having It and Flaunting It: David Brooks is getting some ribbing for suggesting that the wealthy should “follow a code of seemliness”, not living the lavish lifestyles they can afford....I want to talk a bit about the....

Paul Krugman’s Errors and Omissions

Richard Heinberg of the Post Carbon Institute replies to Paul Krugman's "Errors and Emissions" Op-ed.

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