krugman

There seems to be a bit of a debate going on between economists Stephen Roach, from Morgan Stanley, and Nobel Laureate Paul Krugman.

So said Paul Krugman, the Princeton economics professor and New York Times columnist, long before he took up journalism.

"What I think that study is failing to see is how much of that in-store purchase is influenced by online research, " Krugman said.

Then, as he does now, Krugman emphasized the dangers of a Japanese-style deflation, as well as the slow progress in bringing back jobs.

Thus far some readers may be suspicious that I'm trying to wriggle out of Krugman's headlock by changing the terms of the debate.

Picking fights with neighbors over minor issues is pointless, especially now, and on this point Krugman and I are in synch.

What Paul Krugman fails to wrap his head around is the fact that money is not synonymous with wealth or capital.

This is precisely why we have to understand the history of how we got here, and why Krugman wants nothing to do with that enterprise.

Krugman's also a great writer, as you can see from his essays on the New York Times.

Although he said he wanted to study the plans' details, Mr Krugman wrote "on the face of it this looks entirely reasonable" .

In contrast to what Keynes wrote, Krugman allows for a situation where the public is indifferent between debt and cash.

Ignoring the other quotes for a moment, and just judging from the 2002 column, did Krugman support pumping up a housing bubble or not?

I do agree with Dr. Krugman that it is unfortunate and a tragedy that this debate has to be fought once again.

The fact of the matter is that many prices are falling, contrary to Krugman's assumption.

As Krugman points out in his column this plan is the third variant of an old plan to lift the value of toxic assets.

Barack Obama appears to most people (if not to Paul Krugman) to have brought back Keynesian economics with a vengeance.

For Mr Krugman, we are living through a "Dark Age of macroeconomics" , in which the wisdom of the ancients has been lost.

The speech was interpreted by US economist Paul Krugman as an admission that China had driven itself into a dollar trap.

Mr Krugman has always been an exemplar of clear economic thinking and a champion of data over anecdote.

Yet, while they are not objects of my sympathy, nonetheless they are not the "cause" of the current meltdown, despite Krugman's statements.

I'd like to see some contingency planning in case the rest of the world doesn't line up the way he thinks.

And yet the channels through which these operations may work are clear, and Mr Krugman has acknowledged them.

Still, Mr Krugman has no idea if the current surge in equity markets is a response to actual recovery.

Krugman believes that this breakthrough is his biggest achievement.

PAUL KRUGMAN: Well, I don't seem to have much free time these days!

And Krugman has no problems denying economic science and current events to advocate it.

As indeed it has. Krugman's blog the day after the policy change had just six comments the last time I looked.

Krugman 's blog commenters were especially relentless in pointing out his inconsistencies .

So with a deft little two-step, Krugman paints himself as a doctor who gave an excellent diagnostic, and not a disastrous prescription.

Krugman insists that Hayek is worse than he thought and that Keynes was better than he imagined.

"Doing the prudent thing about deficits now would be an extremely foolish thing, " observes Paul Krugman, a Nobel-winning economist.

Mr Krugman might note the irony that the accuracy of his older theories may ultimately assuage his more contemporary worries.

One of them, Paul Krugman, recently won the Nobel prize for his models of international trade and economic geography.

Paul Krugman famously said that much of recent macroeconomics had been "spectacularly useless at best, and positively harmful at worst" .

No doubt, this contributor is a faithful reader of Paul Krugman's column.

It's safe to say that the neocon meme got Krugman and his supporters a wee bit snippy.

Then, as he does now, Krugman ignored the adverse long-term consequences of the policies he advocated.

What Professor Krugman has done is to take Keynesian theory back to its capital-free roots.

But Krugman looks to have made the same mistake, at least in late 2009.

The British economist has modern intellectual champions in Paul Krugman and Robert Skidelsky.

However, here again, Krugman misses the boat on causality.

As Paul Krugman points out, without a dramatic currency devaluation, austerity leads to stagnation and contraction, not expansion.

Mr. Krugman was the only winner of the award, which includes a prize of about $1. 4 million.

Krugman's proposal in his op-ed was Nixon redux -- slap on a 25% import surcharge and let slip the dogs of a trade war.

Yet eyebrows will be raised both by the timing and by the fact that Mr Krugman is the sole recipient of the award.

Whatever his intentions, all Krugman does is underscore his own lack of understanding of economic theory.

Professor Krugman is quite correct in his recent remarks regarding the buildup of excess reserves in US banks.

Krugman got little mention in the speculation in the run-up to today's announcement.

The kind of massive stimulus that Paul Krugman wants simply is not politically feasible , no matter how many Senators he lambastes .

Paul Krugman credits the Reagan-era assault on labour unions and regulations with a decline in workers' bargaining power.

A month ago Mr Krugman and I sat on a panel convened in New York to discuss the financial crisis.

Others, Mr Krugman among them, bought into the conservative argument that protection in practice would make matters worse, not better.

Paul Krugman suggests that my skepticism about the administration's growth forecast over the next few years is somehow "evil. "

Professor Krugman will now be answering questions for the next hour, so feel free to send him one.

Krugman's style of building mathematical models is famously spartan and simple and occasionally even simplistic in its assumptions.

Krugman has erred by framing his discussion where the public considers only holding cash or debt and future and current prices.

LARISSA MACFARQUHAR : Professor Krugman , thank you so much, that was positively Olympian .

PAUL KRUGMAN: Keynes told us that in the long run it is ideas, not vested interests, which are dangerous for good or evil.

What Krugman is suggesting is a huge demand, however -- one that would have wrenching effects on China's domestic political economy.

PAUL KRUGMAN: I'm personally willing to face higher taxes as the price of a more secure and more just society.

Mr Krugman says countries like Vietnam are not big enough to affect global imbalances.

One of the people who now thinks Krugman's no-downside prescription to boost the economy is a bad move: Krugman himself.

Paul Krugman of the New York Times said that he "could live with it" .

But Krugman, like James Meade, is a rare economist whose accomplishments at the highest level span both of these subfields .

If you reread Krugman's commentary on his chart, that's exactly what he himself says the Keynesian story means.

Krugman congratulated today's winners, saying that Williamson's work "underlies a tremendous amount of modern economic thinking" .

Krugman is not the first person to raise the spectre of climate change denial being an actionable crime.

Chairman Bernanke appears to be following the advice of recent Nobel Laureate Paul Krugman.

Mr Krugman and others advocate a bold fiscal expansion, borrowing their logic from Keynes and his contemporary, Richard Kahn.

Bloggers responded by citing the latest economic science showing the impossibility of Krugman's "utopian dictatorship-by-bureaucracy. "

An Obama presidency might persuade Mr Krugman that his services on the political front line are no longer so urgently needed.

The most striking dissent over free trade, the equivalent of a category five storm, came from Paul Krugman.

In answer to such an obvious question, Krugman parrots his usual line: free markets and deregulation.

Now, the Obama administration is evidently worried that it bought economic snake oil from Keynesians like Krugman.

According to Krugman, increasing the money supply will fail to stimulate the economy in depression conditions.

In his appearance on Sunday on "This Week, " Krugman repeated his attack on Rogoff.

An across-the-board tariff, as suggested by economist Paul Krugman, would violate WTO rules.

More recently, Krugman has focused on inequality of income and wealth as a phenomenon of political economy.

But I think perhaps Krugman would benefit from a refresher course about that work's historical context.

FOR such a smart man, Paul Krugman has an extraordinarily simple view of the world.

Krugman then struggled to find something "spurious" about each of these.

Krugman thanked Kling for his "gracious, sensible explication" .

Paul Krugman, the Nobel prize-winning economist, wrote on his New York Times blog: "Darling, I love you. "

For the likes of Mr Krugman, progressive taxation and redistribution are needed to offset labour's position of weakness.

The Federal Reserve has not actually stumbled into either a Keynesian or Krugman-type liquidity trap.

PAUL KRUGMAN: It has nothing to do with waste or the lack thereof; it's about demand.

In a simplistic Keynesian model with "no time and no capital, " it's not surprising that Krugman finds the Austrian story nonsensical.

Some experts, including Paul Krugman, propose measures focusing on changing China's exchange-rate policy and trade barriers.

Mr. Krugman follows a number of Clark medal recipients who have gone on to win a Nobel , including Mr. Stiglitz .

Come to think of it, even Paul Krugman hasn't.

Come to think of it, even Paul Krugman hasn't.

I agree with Krugman that China's compellence power over the United States is limited.

Krugman's (1979) "first generation" currency crisis model has been widely used to explain this kind of crisis.

Paul Krugman is professor of economics and international affairs at Princeton University and recipient of the 2008 Nobel Prize in Economics.

Nobel prize-winning economist Paul Krugman asked on his blog last week, citing a slow-motion run on Irish banks.

And Krugman's not the only one.

Here, Krugman is characteristically dismissive of alternative views.

"China's [currency] policy is predatory, pure and simple, " Nobel-winning economist Paul Krugman wrote this week.

Today, Krugman joined MacFarquhar to answer readers' questions in a live chat.

Despite the collapse in trade, Krugman downplayed concerns about protectionism.

He was a gifted communicator, like manyprominent economists from Keynes to Paul Krugman.

Krugman effectively conceded defeat on a range of economic debates. Who defeated him?

Finally, some comparisons are provided between Krugman's ideas and the conventional economic geography.

I fear that Dr. Krugman is one of those "practical men of affairs" who is the slave of a defunct economist named John Maynard Keynes.

Krugman, of course, has an interest in defending the Fed and criticizing alternative viewpoints.

Mr. Krugman was the sole winner of the award this year, which includes a prize of about $1. 4 million.

Too many old-time Keynesians, like Paul Krugman, view this as a problem of inflexible wages and prices.

"Maybe it's a Trojan horse that smuggles the right policy into place, " mused Paul Krugman, grimly, at Princeton.

Krugman has charged that inflation fearmongering is a nefarious Republican plot.

Harvard economist Robert Barro, happy to take on the influential Krugman, says more spending will just make the financial crisis worse.

Noble-prize winning economists such as Paul Krugman say the U. S. is quickly losing its own middle class.

Professor Krugman has, however, described a somewhat different type of liquidity trap.

But Nobel Prize-winning economist Paul Krugman wrote this week in his New York Times column that a weak dollar is actually good.

Mr. Krugman received the award for his work on international trade and economic geography .

The bottom line is that Professor Krugman has offered exactly the wrong advice.

Paul Krugman has pointed out that when you strip this trick down you are left with a bank loan.

This is the same claim made by Keynes, but Krugman allows for the scenario where the Federal Reserve drives interest rates down to zero.

And the fact is that Krugman is right, and many of my fellow right-wingers are wrong, the danger is not too much inflation, but too little.

Krugman was forced to make two defensive replies; both were immediately refuted.

The financial debt is not a problem for the US, Krugman said.

Krugman's prescription was for the Fed to spend trillions of dollars buying long-term bonds.

1944, after long study, the well-known economist Paul Krugman published a multi-country survey of technological progress report.

To celebrate his Nobel prize in economics, Paul Krugman promises us months of "economic hell" .

Of course, Mr Krugman knew what I meant.

Whether Krugman believes that government should consume or invest is for anybody to guess.

"Slashing these services made no sense from any point of view, " says Mr Krugman.

Krugman more or less admits that if prices adjust freely, his policy of inflation is unnecessary.

In one post, Krugman admitted that "politicians will always find ways to shield the powerful. "

A marvelous thing happened over on Paul Krugman's blog at the New York Times last week.

It was hardly surprising that last January, Krugman declared, "I love my commenters. "

They include Paul Krugman, a Nobel laureate and commentator in the New York Times, and many of President Barack Obama's economic team.

What Krugman offers us is a path, not to prosperity, but to poverty.

According to Krugman , we have fallen into the " liquidity trap" as described by economist John Maynard Keynes .

It is a brave or foolhardy man who picks a fight with Mr Krugman, the most recent recipient of the Nobel Prize for Economics.

PAUL KRUGMAN: I got maybe two dozen emails; not as many as for "Hey Paul Krugman" .

Sean 's rebuttal showed that Krugman was refusing to meet any burden of proof .

Why Is Paul Krugman Blaming Foreigners for the Financial Crisis?

Nobel laureate and New York Times columnist Paul Krugman has accused China ofmercantilism.

" " Krugman's policy seems geared to limit comments to "Yay Dr. K! " "Way to go! " "Keynes was right! " etc.

They have to work hard at aggressively branding their writers such as The Times' Tom Friedman, Maureen Dowd or Paul Krugman.

Many economists, including Nobel prize winner Paul Krugman, have criticised the Chinese for pegging their currency to the dollar.

For it settled a rather public argument between me and the Princeton economist Paul Krugman.

Krugman never considers this possibility.

This week in the magazine, Larissa MacFarquhar writes about Paul Krugman.

I'm not saying Krugman got the prize for his partisan advocacy.

Unfortunately, U. S. labor leaders have not yet drawn the same, correct conclusions as a moderate liberal like Krugman.

Occasionally, Krugman attempted a reply.

The Princeton economist Paul Krugman has called the Fed's current policy "grossly inadequate" and "logically bizarre" .

PAUL KRUGMAN: I basically buy the view that Medicare spends a lot for care that's of little or no medical value.

Krugman: No it isn't, you are just saying that because you are a Republican hack.

PAUL KRUGMAN: There are limits to the amount even the US can borrow, although we're quite some ways from that now.

Krugman's subsequent scholarly work is less clearly of durable value.

This, perhaps, explains the dozen or so points that Krugman makes over and over.

Those include Goolsbee, Krugman, Stiglitz, and Galbraith.

A deep recession proves there is a huge rise in excess desired savings at full employment, as prof Krugman argues.

Krugman's 1996 column confirms that analysis, and the Social Security Administration's pipeline does too.

There are, however, real differences between what Keynes wrote and what Krugman now advocates.

Paul Krugman receiving his Nobel Prize for economics.

Unsurprisingly, Krugman is wrong on all three points.

Moreover, Mr Krugman argues, "the government needs to codify principles-based, not rules-based, policies. "

But critics like American Nobel economics laureate Paul Krugman say that is not enough.

Krugman. 2002. Calling for a housing bubble.

PAUL KRUGMAN: Actually, it's not a bad idea.

Rep. Steve Cohen (D-Tenn. ) read from a recent New York Time's oped by Paul Krugman titled "Eat the Future. "

I've talked to a number of people who are depressed and angry at Krugman's prize.

So trade imbalances would worsen here, as Krugman says.

Perhaps Krugman can tell us how he determined their intent?

Krugman won the 2008 prize, for work on international trade and economic geography.

By July, Krugman had lost his "Battle of the Blog. "

Krugman says we need yet another dose of stimulus, and maybe he's right.

According to Paul Krugman, for example, "the federal government tried to balance its budget in the face of a severe recession. "

Critics were quick to point out that Krugman had his facts wrong.

Nixon is not usually a source of inspiration for left-leaning pundits such as Paul Krugman of the New York Times.

QUESTION FROM CHRISTIAN: Hi Dr. Krugman.

Everyone has their own least favorite Krugman quote.

And nearly half of Krugman's commenters joined to point out that Krugman was arguing junk.

Which is perhaps what Paul Krugman wants, but it is not economic science.

When Mr Krugman buys his stimulus bonds, I am curious where the "idle" money will come from.

Keynesians, such as Mr Krugman, have become uncritical supporters of fiscal stimulus. Purists are vocal opponents.

PAUL KRUGMAN: Actually, yes.

PAUL KRUGMAN: Good question.

Obama needed to spend $2 trillion not nearly $800 billion, in Krugman's mind and others.

Will Krugman respond to posts on other blogs?

I would give the global demand point to Krugman.

It all started with Krugman asserting that China shouldn't depress the value of the yuan because it's bad for global demand.

Mr. Krugman has been an Op-Ed page columnist at the New York Times since 1999.

Here Krugman holds the wrong view of the right issue.

Another problem with Professor Krugman's analysis is that he assumes that prices are "sticky. "

QUESTION FROM KEVIN S. : How did you first hear "The Krugman Blues" ?

Krugman is also "losing the audience. "

Unfortunately, these are the policies that Krugman wants to push again.

Mr. Krugman has been an Op-Ed columnist at the New York Times since 1999 .

According to Krugman, housing values have not fallen.

As Nobel-laureate Paul Krugman points out, debt matters only because of who the debtors are.

Mr. Krugman is the author or editor of 20 books and more than 200 papers in professional journals and edited volumes.

PAUL KRUGMAN: I think I need to lose some weight.

Paul Krugman is a master of them all.

"We have a global savings glut, " explained Krugman, "which is why there is, in fact, no upward pressure on interest rates. "

Mr Krugman was right at the level of theory.

Mr Krugman argues that China's weak yuan is costing America roughly 1. 4m jobs.

PAUL KRUGMAN: Hi Paul!

PAUL KRUGMAN: Of course we are.

The problem with Krugman's chart is that he shows absolute job losses.

There is thus a case, as liberal economists such as Paul Krugman keep urging, for further stimulus spending.

Men such as Avinash Dixit made Mr Krugman's research possible.

PAUL KRUGMAN: Great Depression 2. 0.

PAUL KRUGMAN: I'm replying to this because it's so important to know that it's completely false.

Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst, said Mr Krugman.

The impression that Krugman wants to convey is that only the stimulus-crowd wants to make things better now, but is he right?

Mr Krugman argued that markets were being too optimistic in their assessment of inflation expectations, but that's kind of beside the point;

The quote caught on in the blogosphere, to such an extent that Krugman actually responded in his New York Times blog Wednesday morning:

PAUL KRUGMAN: You should know that in general I'm not a good stock prophet; I didn't see the big 2009 runup, for example.

Here's what Krugman wrote about the Fed's plan to buy bonds, called quantitative easing, a little over a week ago:

Krugman elaborates -- a bit -- here:

The 'No, Paul Krugman Is Not Invited to My CEO Sleepover' Award to President Barack Obama

The Theory of Exchange Rate Target Zone by Krugman, The theory of exchange rate target zone by Krugman, Krugman

Paul Krugman is a professor of Economics and International Affairs at Princeton University

To set the context, let's extensively quote from Krugman's recent blog post

Comparison between Theory of Factor Endowment and Krugman's New Trade Theory

The commentary of the theory of exchange rate target zone by Krugman

Krugman. Obstfeld-International. Economics. Theory. and. Policy

Paul Krugman wins Nobel economics prize Paul Krugman wins Nobel economics prize

Krugman, Paul. "Space: The Final Frontier. " The Journal of Economic Perspectives (Spring 1998):

Ask the Author Live: Larissa MacFarquhar with Paul Krugman

Krugman's Intellectual Waterloo

When it comes to Social Security, here's what Krugman wrote in late 1996:

Microeconomics (chapter: 32-9)--Krugman

Perhaps more interesting is that after citing Roubini and Mihm, Krugman repeats his earlier claim;