Economist:Paul Krugman: Difference between revisions
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Paul Krugman
Biography
American economist and Nobel laureate (2008), columnist for The New York Times.
School of Thought
New Keynesian Economics
Notable Quotes
On Productivity Paradox in Digital Age
"Productivity isn't everything, but in the long run it is almost everything."
—Paul Krugman, The Age of Diminished Expectations (1990), p. 11, MIT Press
On Innovation Cycles and Market Bubbles
"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, Red Herring Magazine (1998)
On Zero Marginal Cost Society
"The problem with digital goods is that they have high fixed costs and zero marginal costs."
—Paul Krugman, The Return of Depression Economics (2009), p. 189, W.W. Norton