Krugman’s Peddling Prosperity is a lucid deconstruction of supply-side economics; a strident (and sensible, as far as I can tell) defense of Keynesian theory after. Krugman’s enfilade against the policy entrepreneurs is strictly bipartisan, but most of his fire is directed against the supply-siders with only a few random shots . Peddling Prosperity. Paul Krugman, Author, Krugman Paul, Author, Krugman, Author W. W. Norton & Company $22 (p) ISBN
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Books which usually revolve around three rules: Yet when Ronald Reagan brought conservatism to power, it was in the name not of serious thinkers but of the supply-siders, whose ideas were cartoon-like in their simplicity. These policy entrepreneurs took the ideas of Krugman and other trade theorists of the early 80’s and warped it into some mishmash about globalization and competitiveness.
But if you are an evil, wicked economist, you are reborn as a sociologist. They convinced key Republicans that the cause for slowing U. These policy entrepreneurs are all too common, prospegity their misguided “theori An interesting overview on economic policy from the 70’s to the early 90’s, from the perspective of a Keynesian economist.
This benefits corporations, communities, and individuals. Apr 01, Jeff Keehr rated it liked it. He notes that the U. But he regarded this self-correcting process as very slow, and as he pointed out in a widely quoted but rarely understood remark, “In the long run we are all dead. Journal columnists, Jude Wanniski, George Gilderpolitical staffs and think tanks. In the s, even while conservatives ruled in Washington, pfddling ideas that justified government activism were prosoerity a strong revival.
Great book by a great economist. Those two sentences are how I characterized this book when I read it in There was a problem adding your email address. Branden rated it really liked it.
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Just as often it is carried by the momentum of earlier decisions mrugman it is powerless to improve upon them.
Aug 24, Mohammad Rahman rated it it was amazing. Feb 16, Sebastian Uribe rated it liked it. An Indian-born economist once explained his personal theory of reincarnation to his graduate economics class.
Peddling Prosperity | W. W. Norton & Company
As one example, net national savings was only 3. The past prosperiyy years have been an era of economic disappointment in the United States. I have a feeling that Krugman wouldn’t be kind to either of them! The stated aim of this book is to demonstrate that economic policy is the product of political expediency much more than the of the wisdom of learned economists. The positive role government can play in American economic life.
Selected pages Title Page. I read this book for a class in public policy and will forever be grateful to the prof for assigning it. Mar 09, Vipul Vivek rated it liked it.
Peddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations
Trivia About Peddling Prosperi In the wake of this evidence, many policy entrepreneurs who promoted supply-side policies have become spin doctors, frequently playing games with economic statistics to portray favorable results. Jul 24, Danielle Masursky rated it it was amazing Shelves: Sounds compelling, but I can’t even rate it with my lack of background knowledge. Much of this credit and blame dished out in Presidential elections is undeserved.
An interesting overview on economic policy from the 70’s to the early 90’s, from the perspective of a Keynesian economist.
Though critical of some Clinton advisors, Krugman recently assessed administration economic policy as pretty sensible overall. Early Krugman is remarkable for his bi-partisan criticism and attempts to give his opponents some benefit of the doubt. Virtually every section, if you read closely, follows an A-B-C sort of script: So even though the endless recurrence of terrible economic ideas will not end anytime soon, the book offers invaluable perspective on their sources and how to evaluate them.
But that’s no more reason pedsling ignore policies that peddlung end them quickly than the fact of eventual mortality is a reason to give up on living.
He is upset at Republicans for not better pros;erity themselves in this regard. Refresh and try again. Krugman also blasts Robert Reich and other Democrats that he calls the “strategic traders,” who advocate a sort of industrial policy toward U.
On the evidence of the ingratiatingly witty text at hand, however, MIT Professor Krugman The Age of Diminished Experience, not reviewed can and does subject a prosprity discipline to the sort of analysis that could make it accessible as well as useful to the voting public.
Feb 18, Gill rated it it was amazing. And it seems all too likely that the new patent medicine will do as much harm as the previous one. Most leddling the book is dedicated to debunking the myth of so-called “Reaganomics” or, supply-side economic theory; however, it would be impossible to call this a partisan effort, as it just as fluently pokes holes in the competitive internationalist paradigms of Clinton and later Democrats.
My library Help Advanced Book Search. On one hand, nobody gets killed. He shows that supply-siders are basically cranks peddlling that people like Friedman actually made some well thought out critiques, that don’t necessarily need to be, should be, or can be applied within the real world.