Paul Krugman and Robin Wells have a long two-part essay in the
New York Review of Books on the current economic slump.
The Slump Goes On: Why? And
The Way Out of the Slump.
Since around June 2009 many indicators have been pointing up: GDP has been rising in all major economies, world industrial production has been rising, and US corporate profits have recovered to pre-crisis levels.
Yet unemployment has hardly fallen in either the United States or Europe--which means that the plight of the unemployed, especially in America with its minimal safety net, has grown steadily worse as benefits run out and savings are exhausted. And little relief is in sight: unemployment is still rising in the hardest-hit European economies, US economic growth is clearly slowing, and many economic forecasters expect America's unemployment rate to remain high or even to rise over the course of the next year.
[more inside]
posted by russilwvong
on Sep 28, 2010 -
41 comments
Where no economist had gone before . Paul Krugman posts a type-written paper on interstellar trade which he wrote as "an oppressed assistant professor" in the '70s.
I do not propose to develop a theory which is universally valid, but it may at least have some galactic relevance. [
pdf link]
posted by grobstein
on Mar 11, 2008 -
25 comments
For Richer: the first in a
New York Times series on class in the United States. Princeton economics professor Paul Krugman declares the death of the middle class, pointing out disparities between the rich and the poor, examining efforts to cover up class makeup with quantile data, and probing the transformation of corporate executive ethics and influence. Even
Glenn Reynolds is taken to task for his Sweden-Mississippi per capita GDP comparison.
Krugman's sources are on the slim side, but the question must be asked: Are we living in a new Gilded Age? And, if so, how can citizens and government work to change things?
posted by ed
on Oct 20, 2002 -
53 comments
What do Greenspan, Enron and the number 11 all have in common?
Economist and NYT colimnist Paul Krugman notes with not too much irony that "Just one month ago the James A. Baker III Institute presented Alan Greenspan with its
Enron Prize." (a big wince over regretable timing, and the emphasis is mine)
No big conspiracy here, but the general thrust of Krugman's
column (NYT link) is that somethings got to give if things are to again get real (good). Lots of interesting under-reported economic factoids in the article make for enlightening reading.
posted by BentPenguin
on Dec 14, 2001 -
3 comments
