Paul Krugman Short Quotes

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… politics determine who has the power, not who has the truth.

Paul Krugman
This is a serious analysis of a ridiculous subject, which is of course the opposite of what is usual in economics.

Paul Krugman
So let's bid a not at all fond farewell to the Big Zero — the decade in which we achieved nothing and learned nothing.

Paul Krugman
By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's.

Paul Krugman
Things could have been even worse. This week, we managed to avoid driving off a cliff. But we're still on the road to nowhere.

Paul Krugman
Many of those who reject the idea of economic models are ill-informed or even (perhaps unconsciously) intellectually dishonest.

Paul Krugman
Isn't there something noble, even inspiring, about fighting the good fight, year after year, and gradually making things better?

Paul Krugman
Many liberals have changed their views in response to new evidence. It's an interesting experience; conservatives should try it some time.

Paul Krugman
Sometimes economists in official positions give bad advice; sometimes they give very, very bad advice; and sometimes they work at the OECD.

Paul Krugman
Many of the stories economists tell take the form of models—for whatever else they are, economic models are stories about how the world works.

Paul Krugman
Most economists, to the extent that they think about the subject at all, regard the Great Depression of the 1930s as a gratuitous, unnecessary tragedy.

Paul Krugman
If there is one single area of economics in which path dependence is unmistakable, it is in economic geography – the location of production in space.

Paul Krugman
If there were an Economist's Creed, it would surely contain the affirmations 'I understand the Principle of Comparative Advantage' and 'I advocate Free Trade'

Paul Krugman
Economists can often be remarkably obtuse, failing to see things that are right in front of them. But sometimes a bit of obtuseness is not entirely a bad thing.

Paul Krugman
If growth in East Asia is indeed running into diminishing returns, however, the conventional wisdom about an Asian-centered world economy needs some rethinking.

Paul Krugman
It is a bit funny, but also quite sad: Those who preach the doctrine of global glut are tilting at windmills, when there are some real monsters out there that need slaying.

Paul Krugman
So let's start telling the truth: competitiveness is a meaningless word when applied to national economies. And the obsession with competitiveness is both wrong and dangerous.

Paul Krugman
What saved the economy, and the New Deal was the enormous public-works project known as World War II, which finally provided a fiscal stimulus adequate to the economy's needs.

Paul Krugman
It's widely assumed that bankers have special expertise on economic policy, although nothing in the record supports this belief. (The bankers do, however, have excellent tailors.)

Paul Krugman
In short, the success of macroeconomic activism, in both theory and practice, has made it possible for free market microeconomics to survive—again both in theory and in practice.

Paul Krugman
Supply-side economics... is like one of those African viruses that, however often it may be eradicated from the settled areas, is always out there in the bush, waiting for new victims.

Paul Krugman
... and Newt [Gingrich] — although somebody said "he's a stupid man's idea of what a smart person sounds like," but he is more plausible than the other guys that they've been pushing up.

Paul Krugman
The history of economic geography of the study of the location of economic activity is more like the story of geological thought about the shapes and location of continents and mountain ranges.

Paul Krugman