Economist:Paul Krugman
Paul Krugman[edit]
Biography[edit]
American economist and Nobel laureate (2008), columnist for The New York Times.
School of Thought[edit]
New Keynesian Economics
Notable Quotes[edit]
On Productivity Paradox in Digital Age[edit]
"Productivity isn't everything, but in the long run it is almost everything."[1]
On Innovation Cycles and Market Bubbles[edit]
"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[edit]
"The problem with digital goods is that they have high fixed costs and zero marginal costs."[3]
On Deflation and Central Banking[edit]
"Debt is money we owe to ourselves."[4]
On Digital Currency and Monetary Policy[edit]
"Bitcoin is a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology."[5]
On Deflation and Central Banking[edit]
"The real danger is deflation, not inflation."[6]
References[edit]
- ↑ Paul Krugman, The Age of Diminished Expectations (1990), p. 11, MIT Press
- ↑ Paul Krugman, Red Herring Magazine (1998)
- ↑ Paul Krugman, The Return of Depression Economics (2009), p. 189, W.W. Norton
- ↑ Paul Krugman, New York Times (2015), February 6, 2015, "Nobody Understands Debt"
- ↑ Paul Krugman, New York Times (2018), January 29, 2018, "Bubble, Bubble, Fraud and Trouble"
- ↑ Paul Krugman, End This Depression Now! (2012), p. 38, W. W. Norton