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Paul Krugman Quotes: However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is needed is some assurance that the analysis is actually relevant.
         

However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is needed is some assurance that the analysis is actually relevant.


Paul Krugman
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Rising inequality isn’t about who has the knowledge; it’s about who has the power.



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Bad ideas flourish because they are in the interest of powerful groups.



A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble

A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble



Wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.

Wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.



So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.

So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.



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Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action.



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There are no atheists in foxholes and there are no libertarians in financial crises.



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We should try to create the society each of us would want if we didn't know in advance who we'd be.



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Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing.



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If you want to understand opposition to climate action, follow the money.





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The more I think of it, the more I realize there are no answers. Life is to be lived.



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This page presents the quote "However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is needed is some assurance that the analysis is actually relevant.". Author of this quote is Paul Krugman. This quote is about theoretical, analysis, command, facts, economist, assurance, offers, relevant, doe,.