Economist:Paul Krugman: Difference between revisions
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=== On Productivity Paradox in Digital Age === | === On Productivity Paradox in Digital Age === | ||
"Productivity isn't everything, but in the long run it is almost everything."<ref name="ref_1990_p11_1">Paul Krugman, ''The Age of Diminished Expectations'' (1990), p. 11, MIT Press</ref> | |||
=== On Innovation Cycles and Market Bubbles === | === 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."<ref name="ref_1998_1">Paul Krugman, ''Red Herring Magazine'' (1998)</ref> | |||
=== On Zero Marginal Cost Society === | === On Zero Marginal Cost Society === | ||
"The problem with digital goods is that they have high fixed costs and zero marginal costs."<ref name="ref_2009_p189_1">Paul Krugman, ''The Return of Depression Economics'' (2009), p. 189, W.W. Norton</ref> | |||
== References == | |||
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[[Category:Economist]] | [[Category:Economist]] | ||
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=== On Deflation and Central Banking === | === On Deflation and Central Banking === | ||
"Debt is money we owe to ourselves."<ref name="ref_2015_1">Paul Krugman, ''New York Times'' (2015), February 6, 2015, "Nobody Understands Debt"</ref> | |||
=== On Digital Currency and Monetary Policy === | === On Digital Currency and Monetary Policy === | ||
"Bitcoin is a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology."<ref name="ref_2018_1">Paul Krugman, ''New York Times'' (2018), January 29, 2018, "Bubble, Bubble, Fraud and Trouble"</ref> | |||
=== On Deflation and Central Banking === | === On Deflation and Central Banking === | ||
"The real danger is deflation, not inflation."<ref name="ref_2012_p38_1">Paul Krugman, ''End This Depression Now!'' (2012), p. 38, W. W. Norton</ref> | |||
Revision as of 20:39, 12 August 2025
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."[1]
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."[2]
On Zero Marginal Cost Society
"The problem with digital goods is that they have high fixed costs and zero marginal costs."[3]
References
Additional Notable Quotes
On Deflation and Central Banking
"Debt is money we owe to ourselves."[1]
On Digital Currency and Monetary Policy
"Bitcoin is a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology."[2]
On Deflation and Central Banking
"The real danger is deflation, not inflation."[3]