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New trade theory and "new" new trade theory (NNTT) need their own trade theory. New trade theories are often based on assumptions such as monopolistic competition and increasing returns to scale. One of the typical explanations, given by Paul Krugman, depends on the assumption that all firms are symmetrical, meaning that they all have the same ...
Krugman's International Economics: Theory and Policy, co-authored with Maurice Obstfeld, is a standard undergraduate textbook on international economics. [43] He is also co-author, with Robin Wells , of an undergraduate economics text which he says was strongly inspired by the first edition of Paul Samuelson 's classic textbook . [ 44 ]
The Theory of Interstellar Trade [1] is a paper on hypothetical space trade written in 1978 by the economist Paul Krugman. The paper was first published in March 2010 in the journal Economic Inquiry. [2] He described the paper as something he wrote to cheer himself up when he was an "oppressed assistant professor" caught up in the academic rat ...
Nobel laureate Paul Krugman, a longtime New York Times columnist, wrote about a change he’s seen in Americans over the past two decades as he published his final column in the newspaper. “What ...
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.
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 ...
Endogenous growth theory holds that economic growth is primarily the result of endogenous and not external forces. [1] Endogenous growth theory holds that investment in human capital , innovation , and knowledge are significant contributors to economic growth.
Paul Krugman has worked extensively on the liquidity trap, claiming that it was the problem confronting the Japanese economy around the turn of the millennium. [75] In his later words: Short-term interest rates were close to zero, long-term rates were at historical lows, yet private investment spending remained insufficient to bring the economy ...