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Peddling Prosperity

Peddling Prosperity

Economic Sense and Nonsense in an Age of Diminished Expectations

by Paul Krugman
Paperback
Publication Date: 10/05/1995

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This wonderfully received book finds him in top form, observing the years he's dubbed "the age of diminished expectations." The past twenty years have been an era of economic disappointment in the United States. They have also been a time of intense economic debate, as rival ideologies contend for policy influence.

But strange things have happened to economic ideas on their way to power: they've been hijacked by policy entrepreneurs-economic snake-oil salesmen, right or left, who offer easy answers to hard problems. Supply-siders rose to power with Ronald Reagan and not only cured nothing but left behind a $3 trillion debt. Krugman finds an unhappy parallel in those who shape policy within the Clinton administration.
ISBN:
9780393312928
9780393312928
Category:
Political economy
Format:
Paperback
Publication Date:
10-05-1995
Language:
English
Publisher:
WW Norton & Co
Country of origin:
United States
Pages:
320
Dimensions (mm):
211x140x23mm
Weight:
0.29kg
Paul Krugman

Paul Robin Krugman is an American economist who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a 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 scale and of consumer preferences for diverse goods and services. Krugman was previously a professor of economics at MIT, and later at Princeton University. He retired from Princeton in June 2015, and holds the title of professor emeritus there.

He also holds the title of Centenary Professor at the London School of Economics. Krugman was President of the Eastern Economic Association in 2010,[8] and is among the most influential economists in the world. He is known in academia for his work on international economics (including trade theory and international finance), economic geography, liquidity traps, and currency crises.

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