The Accidental Columnist

Jeannie Yee Davis

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There has to be a significant job proposal Krugman has recently criticized China's exchange rate policy, which he believes to be a significant drag on global economic recovery from the Lates recession , and he has advocated a "surcharge" on Chinese imports to the US in response. In April , as the Senate began considering new financial regulations, Krugman argued that the regulations should not only regulate financial innovation, but also tax financial-industry profits and remuneration.

He cited a paper by Andrei Shleifer and Robert Vishny released the previous week, which concludes that most innovation was in fact about "providing investors with false substitutes for [traditional] assets like bank deposits," and once investors realize the sheer number of securities that are unsafe a "flight to safety" occurs which necessarily leads to "financial fragility.

In his June 28, column in The New York Times , in light of the recent G Toronto Summit , Krugman criticized world leaders for agreeing to halve deficits by Krugman claimed that these efforts could lead the global economy into the early stages of a "third depression" and leave "millions of lives blighted by the absence of jobs. Krugman identifies as a Keynesian [] [] and a saltwater economist , [] and he has criticized the freshwater school on macroeconomics. In the wake of the — financial crisis he has remarked that he is "gravitating towards a Keynes - Fisher - Minsky view of macroeconomics.

Their work argues that during a debt-driven slump, the " paradox of toil ", together with the paradox of flexibility , can exacerbate a liquidity trap , reducing demand and employment. Krugman's support for free trade in the s—s provoked some ire from the anti-globalization movement. He also notes that increasing returns and strategic trade theory do not disprove the underlying truth of comparative advantage.

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In , Krugman noted his ambivalence about the proposed Trans-Pacific Partnership , as the agreement was not mainly about trade and, "whatever you may say about the benefits of free trade, most of those benefits have already been realized" [by existing agreements]. Krugman describes himself as liberal , and has explained that he views the term "liberal" in the American context to mean "more or less what social democratic means in Europe.

Say this for Krugman: He savages the supply-siders of the Reagan-Bush era with the same glee as he does the 'strategic traders' of the Clinton administration. Krugman has at times advocated free markets in contexts where they are often viewed as controversial. He has written against rent control and land-use restrictions in favor of market supply and demand, [] [] likened the opposition against free trade and globalization to the opposition against evolution via natural selection , [] opposed farm subsidies , [] argued that sweatshops are preferable to unemployment, [39] dismissed the case for living wages , [] and argued against mandates, subsidies, and tax breaks for ethanol Krugman has criticized the Republican Party leadership for what he sees as a strategic but largely tacit reliance on racial divisions.

Paul Krugman

The changing politics of race made it possible for a revived conservative movement, whose ultimate goal was to reverse the achievements of the New Deal, to win national elections — even though it supported policies that favored the interests of a narrow elite over those of middle- and lower-income Americans. Krugman worked for Martin Feldstein when the latter was appointed chairman of the Council of Economic Advisers and chief economic advisor to President Ronald Reagan. He later wrote in an autobiographical essay, "It was, in a way, strange for me to be part of the Reagan Administration.

I was then and still am an unabashed defender of the welfare state , which I regard as the most decent social arrangement yet devised. He did not fit into the Washington political environment, and was not tempted to stay on. According to Krugman, Gordon Brown and his party were unfairly blamed for the lates financial crisis. Krugman has been a vocal critic of President Trump and his administration.

Krugman has been married twice. His first wife, Robin L. Bergman, is a designer.

Together, Krugman and his wife have collaborated on several economics textbooks. Although rumors began to circulate in early that Krugman's "son" was working for Hillary Clinton's campaign, Krugman reiterated in his NY Times Op-Ed column that he and his wife are childless. Krugman currently lives in New York City. Krugman reports that he is a distant relative of conservative journalist David Frum. From Wikipedia, the free encyclopedia. For the surname, see Krugman surname. The Conscience of a Liberal. The New York Times. The Return of Depression Economics". Research Papers in Economics.

Retrieved July 4, Krugman modeled a 'preference for diversity' by assuming a CES utility function like that in A. Stiglitz , 'Monopolistic competition and optimal product diversity', American Economic Review Retrieved June 27, One of the things Robin Wells and I did when writing our principles of economics textbook was to acquire and study a copy of the original, edition of Samuelson's textbook.

The dollar bill on the sidewalk is gone and the Nobel Prize well-deserved". Papers in Regional Science.

Paul Krugman - Wikipedia

The New Economic Geography Approach". Monopolistic Competition and Optimum Product Diversity. The workhorse model of this approach since has been the model of monopolistic competition due to Avinash Dixit and Joseph Stiglitz It was used by Paul Krugman , to provide an approach to analyzing increasing returns in international trade.

Journal of Development Economics. The Economics of Exchange Rates. Brookings Papers on Economic Activity , Vol. Retrieved August 15, The Return of the Master. The Center for the Study of Development Strategies. Archived from the original pdf on August 25, Retrieved May 29, Yet more nails in Osborne's economic coffin". Retrieved October 13, Archived from the original on September 27, Retrieved October 4, Retrieved March 28, Archived from the original on January 18, Universidade Nova de Lisboa.

Archived from the original on August 18, Retrieved March 19, Doctor honoris causa by three Portuguese universities". Green Templeton College, Oxford. Archived from the original on November 28, Retrieved November 28, Losing Our Way in the New Century". Retrieved November 22, That book is often taken to be the origin, the start, of a movement that ended up dominating U. The Conscience of a Liberal , , W.

Retrieved May 9, Scandinavian Journal of Economics. Archived from the original on February 6, Retrieved February 5, Retrieved August 16, How Paul Krugman found politics". Retrieved October 5, Retrieved April 21, Has a 'Leprechaun Economy' Effect, Too". Arthur Ochs Sulzberger Jr. Retrieved February 13, Archived from the original on October 16, Retrieved December 26, International Trade and Economic Growth. It's now time for some painful medicine". Retrieved July 12, Retrieved July 15, How Malaysia got away with economic heresy" , Slate, September 27, Retrieved March 11, Retrieved December 5, Archived from the original on July 25, Retrieved June 24, Retrieved August 1, The Daily of the University of Washington.

Retrieved Jul 30, Archived from the original on June 23, Retrieved May 31, Retrieved December 7, Retrieved July 9, The New York Times Company. Retrieved March 22, Retrieved April 27, Archived from the original PDF on May 6, Retrieved March 9, Retrieved June 8, Retrieved October 9, Conscience of a Liberal blog. Keynes and the Moderns" PDF. Quarterly Journal of Economics. Economies of representation, — Thompson once noted, there are always willing experts and opinion leaders, such as Friedman and Krugman, to give a patina of legitimacy to the claims of the powerful [with their] ill-concealed cheer-leading The political economy of globalization.

The Journal of Economic Perspectives. Retrieved June 15, The Conscience of a Liberal". Retrieved December 12, Retrieved December 19, Find more about Paul Krugman at Wikipedia's sister projects. Macroeconomic schools of thought. John Bates Clark Medal recipients. Samuelson Kenneth E. Arrow Lawrence R. Klein Robert M. Solow Hendrik S. Houthakker Zvi Griliches Gary S. Jorgenson Franklin M. Feldstein Joseph E. Michael Spence James J. Heckman Jerry A.

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