Best Paul Krugman Quotes I Wish I Had Read

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Paul Krugman Quotes

… politics determine who has the power, not who has the truth.

The Australian Financial Review, 6 September 2010, p.15, “Time for Obama to abandon caution”. Also seen in the Sacramento Bee [1]

 

The raw fact is that every successful example of economic development this past century – every case of a poor nation that worked its way up to a more or less decent, or at least dramatically better, standard of living – has taken place via globalization, that is, by producing for the world market rather than trying for self-sufficiency.

The Great Unraveling: Losing Our Way in the New Century, ISBN 0393058506, pp. 368–9; as cited by Edward Fullbrook at logosjournal, Logos 4.1, winter 2005

 

The central ideas of economic theory are very simple: They boil down to little more than the proposition that people will usually take advantage of opportunities, plus the observation that my opportunities often depend on your actions and vice versa.

The Accidental Theorist: And Other Dispatches from the Dismal Science by Paul Krugman

 

It is deeply implausible, even offensive, to suggest that the cause of so much suffering can be something as trivial, technical, and fixable as the failure to print enough money. Indeed, there would be no reason to believe such a silly story, except that it happens to be true.

The Accidental Theorist: And Other Dispatches from the Dismal Science by Paul Krugman

 

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

The Conscience of a Liberal by Paul Krugman

 

race is at the heart of what has happened to the country I grew up in. The legacy of slavery, America’s original sin, is the reason we’re the only advanced economy that doesn’t guarantee health care to our citizens. White backlash against the civil rights movement is the reason America is the only advanced country where a major political party wants to roll back the welfare state.

The Conscience of a Liberal by Paul Krugman

 

I believe in a relatively equal society, supported by institutions that limit extremes of wealth and poverty. I believe in democracy, civil liberties, and the rule of law. That makes me a liberal, and I’m proud of it.

The Conscience of a Liberal by Paul Krugman

 

“We have always known that heedless self-interest was bad morals; now we know that it is bad economics,”

The Conscience of a Liberal by Paul Krugman

 

people who have been accustomed to stability can’t bring themselves to believe what is happening when faced with a revolutionary power, and are therefore ineffective in opposing it.

The Great Unraveling: Losing Our Way in the New Century by Paul Krugman

 

The point here isn’t that top executives are overpaid, though they surely are; it’s that the way they are paid rewards them for creating the illusion of success, never mind the reality.

The Great Unraveling: Losing Our Way in the New Century by Paul Krugman

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