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Category Archives: Economics
Growth and income
Paul Krugman writes: Apologists for rising inequality often argue that since most Americans’ income has risen despite rising inequality, there’s no reason to complain about inequality other than envy. So it’s worth remembering that we used to expect economic growth … Continue reading
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Paul Krugman on British debt history
Paul Krugman writes: I’ve been playing around with the IMF’s historical public debt database, which has long-term information on ratios of debt to GDP. And you really have to marvel, given that historical record, at the deficit panic now so … Continue reading
Posted in Economics, History
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Brad DeLong on central banking
Link to the original. The ECB’s Battle against Central Banking BERKELEY – When the European Central Bank announced its program of government-bond purchases, it let financial markets know that it thoroughly disliked the idea, was not fully committed to it, … Continue reading
Posted in Economics, History
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Paul Krugman on the Lucas project
Link to the original. Lucas In Context (Wonkish) I thought it might be helpful to think of Lucas now in terms of the history of economic thought. By the way, I basically lived through the story I’m about to tell, … Continue reading
Posted in Economics
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So the jobs really didn’t go to China…
On several occasions, I wrote about manufacturing jobs going to machines rather than to China. Just another piece of evidence on that. Paul Krugman recently did something interesting; he used industrial production data and capacity utilization data to obtain an … Continue reading
Posted in Economics
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Paul Krugman on old and new Keynesianism
Link to the original. How Much Hoc to Add? (Wonkish and Methodological) Mark Thoma objects to Tyler Cowen’s attempt to pigeonhole some of us as “Old New Keynesians”, and makes the case for flexibility in use of models. Indeed. But … Continue reading
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Social Security: a view from the past
Paul Krugman writes: …in discussions of Social Security it’s often argued that in the program’s early years, nobody could have imagined the increases in life expectancy that have actually occurred, so nobody could have imagined that we’d have as many … Continue reading
Posted in Clippings, Economics, History
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Paul Krugman on income and longevity
Paul Krugman writes: I’ve referenced this before, but here’s the Social Security Administration study. Look at Table 4: since 1977, the life expectancy of male workers retiring at age 65 has risen 6 years in the top half of the … Continue reading
Posted in Clippings, Economics
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Technology vs. Jobs
A question from LinkedIn: How do you view the relationship between Technological Innovation and Job Creation? A net positive, a net negative, net neutral? The relationship between technological innovation and job creation is threefold: Technological innovation creates (relatively few) high-paying … Continue reading
Posted in Answers, Economics, Technology
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Paul Krugman on the state of macro
A great (and very accessible to the non-technical audience) summary of what the differences between saltwater and freshwater economics are all about… The original is here. September 6, 2009 How Did Economists Get It So Wrong? By PAUL KRUGMAN I. … Continue reading
Posted in Economics
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