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Krugman assumes inflation is a normal part of the free market and therefore in his book does not explain the causes of monetary inflation in Japan, South Korea, Indonesia, or Thailand. [3] Allocation of resources is most efficient with government intervention according to Krugman, but Ritenour suggests that free markets give more choice and ...
Paul Robin Krugman (/ ˈ k r ʊ ɡ m ə n / ⓘ KRUUG-mən; [4] [5] born February 28, 1953) [6] is an American New Keynesian economist who is the Distinguished Professor of Economics at the Graduate Center of the City University of New York. He was a columnist for The New York Times from 2000 to 2024. [7]
The Nobel laureates Milton Friedman and Paul Krugman have argued for free trade as a model for economic development. [11] Alan Greenspan, former chair of the American Federal Reserve, has criticized protectionist proposals as leading "to an atrophy of our competitive ability. ... If the protectionist route is followed, newer, more efficient ...
Top economists including Paul Krugman criticized Trump's plan to impose tariffs on Canada and Mexico. The pair said import taxes would damage trust in the US, while Robert Reich said Trump had ill ...
LONDON -- In the last decade, the free market has been blamed for many things, including the collapse of Enron, the credit crunch, and the recent scandal in which dealers at Barclays (ISE: BARC.L ...
Insider spoke with Krugman on Wednesday to get his take on how the US recovery's progressing. Here is a lightly edited transcript of the conversation.
Although aspects of trade with increasing returns had been worked out earlier, especially in work by Avinash Dixit, [1] new trade theory is associated with Paul Krugman's work in the late 1970s, developing into what is known as the Dixit-Stiglitz-Krugman trade model and the Helpman–Krugman model.
Ballooning U.S. debt has stirred growing alarm on Wall Street, but economist Paul Krugman isn't worried and said you shouldn't be either. In a New York Times op-ed on Thursday, the Nobel laureate ...