How much is monopoly power behind inequality? Is the older explanation of skill-based technical change [SBTC] still in the running? Here is an excerpt from Krugman’s new NYRoB piece: SBTC has fared very badly over the past quarter-century, to the point where it no longer deserves to be taken seriously as an account of what […]
"You don’t have to be a conservative to believe that we have too much regulation": Inequality and the City, by Paul Krugman, Commentary, NY Times: New York, New York, a helluva town. The rents are up, but the crime rate...
The poor and middle class do not have to be pushed out. Paul Krugman has to admit in Monday's column, New York City is a great place to live, if you can afford it. Great food, great culture—but you have to be able to afford the housing and more and more people can't. Show More Summary
This was his latest selection, which had more than 1.6 million YouTube views. He’s not esoteric in his taste.
The top 10 percent of earners increasingly wants to live in inner cities — how can these cities preserve diversity?
Paul Krugman reviews Robert Reich's book Saving Capitalism: For the Many, Not the Few: Challenging the Oligarchy: Back in 1991, in what now seems like a far more innocent time, Robert Reich published an influential book titled The Work of...
Paul Krugman on macroeconomic models: Demand, Supply, and Macroeconomic Models: I’m supposed to do a presentation next week about “shifts in economic models,” which has me trying to systematize my thought about what the crisis and aftermath have and haven’t...
Paul Krugman (1997): [Capitalism's Mysterious Triumph](http://www.pkarchive.org/theory/Russia.html): "SYNOPSIS: Communism failed because of an inability to provide a sustaining reason for existance; only under crisis could it work. >Recently...Show More Summary
Paul Krugman (2003): [Serf's Up!](http://www.pkarchive.org/theory/SerfsUp.html): "According to [Evsey] Domar, serfdom actually withered away before the Black Death... >...as European population grew close to its Malthusian limit. The puzzle is why serfdom wasn't reinstituted after the Black Death. Show More Summary
[Over at Equitable Growth]: Two seventeen-year old quotes from [Paul Krugman]: >In a flexible-price economy, the necessity [for equilibrium] of a negative real interest rate does not cause unemployment.... The economy deflates now in order to provide inflation later.... Show More Summary
(November 27, 2015 04:21 PM, by Scott Sumner) In the past I've been critical of Paul Krugman's approach to austerity and business cycles. For instance, he argued that austerity in the UK led to slow growth in real GDP. I countered that RGDP is not the right variable... (0 COMMENTS)
The columnist looks at Europe for a lesson in how to be an imperfect union. Until Donald Trump is elected president, Paul Krugman writes in Friday's column, the imperfect union of the U.S. is more equipped to handle challenges than the much more imperfect union in Europe. Show More Summary
Our imperfect union is working better than theirs. Until Donald Trump is elected president, Paul Krugman writes in Friday's column, the imperfect union of the U.S. is more equipped to handle challenges than the much more imperfect union in Europe. Show More Summary
It'll likely look quite a bit like the increasingly fractured European Union, if we're not careful
A less than perfect union: Europe the Unready, by Paul Krugman, Commentary, NY Times: Thanksgiving as we know it dates not to colonial days but to the middle of the Civil War, when Abraham Lincoln made it a federal holiday....
There's something interesting about the photo used in Paul Krugman's new column in the New York Times, and no, it's not just the fact that it shows Obama and his crew watching Osama bin Laden die. Obama is watching a raid that was 10...Show More Summary
Nobel Prize-winning economist and New York Times liberal columnist Paul Krugman wrote briefly about "Terror Politics" in a late blog post on Monday. It's a short thought bubble of sorts, but nobody really cared after the Internet noticed that a small white cat had been Photoshopped into the photo selected for the piece.
The internet was abuzz this morning about a Paul Krugman New York Times blog post illustrated with an image, into which a white, fluffy cat has been inserted, of President Obama and other high-level officials in the White House Situation...Show More Summary
On Monday, the New York Times inadvertently created the latest cat photo to go viral. The newspaper posted a blog entry from liberal columnist Paul Krugman, and included what it thought was the famous photo of President Obama, Hillary...Show More Summary
A couple of people were too kind today:From Paul Krugman: Shorts SubjectLast night I was invited to a screening of The Big Short, which I thought was terrific; who knew that CDOs and credit default swaps could be made into an edge-of-your-seat...Show More Summary