--- title: "1 Amorality Quotes By Paul Krugman" description: "1 Amorality quotes by Paul Krugman. Plus more from Paul Krugman and more Amorality sayings from other authors." image: "https://sms4smile.com/quotes/i/0f4/paul-krugman-2255_amorality_in-short-what-the-living-wage-is-really_1234573.png" --- > [In short, what the living wage is really about is not living standards, or even economics, but morality. Its advocates are basically opposed to the idea that wages are a market price-determined by supply and demand, the same as the…](https://sms4smile.com/quotes/paul-krugman/in-short-what-the-living-wage-is-really-about-is-not-living-standards/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) [Image](https://sms4smile.com/quotes/i/0f4/paul-krugman-2255_amorality_in-short-what-the-living-wage-is-really_1234573.png) ## More by Paul Krugman > [People who are complaining about the Fed are people who've been predicting runaway inflation for five and six years, and it hasn't happened.](https://sms4smile.com/quotes/paul-krugman/people-who-are-complaining-about-the-fed-are-people-who-ve-been/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [Surely I'm not the only person to ask the obvious question: How different, really, is Mr. Madoff's tale from the story of the investment…](https://sms4smile.com/quotes/paul-krugman/surely-i-m-not-the-only-person-to-ask-the-obvious-question-how/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [“The rich are different from you and me: they have more influence.”](https://sms4smile.com/quotes/paul-krugman/the-rich-are-different-from-you-and-me-they-have-more-influence/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [“The Internet’s impact on the economy has been no greater than the fax machine’s….ten years from now, the phrase “information economy” will sound silly.…](https://sms4smile.com/quotes/paul-krugman/the-internet-s-impact-on-the-economy-has-been-no-greater-than-the-fax/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [Not all private equity people are evil. Only some.](https://sms4smile.com/quotes/paul-krugman/not-all-private-equity-people-are-evil-only-some/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation.](https://sms4smile.com/quotes/paul-krugman/you-really-have-to-go-searching-desperately-to-find-any-contemporary/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is needed is some assurance…](https://sms4smile.com/quotes/paul-krugman/however-the-fact-that-an-economist-offers-a-theoretical-analysis-does/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [Politics determines who has the power, not who has the truth.](https://sms4smile.com/quotes/paul-krugman/politics-determines-who-has-the-power-not-who-has-the-truth/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [The key reason executives are paid so much now is that they appoint the members of the corporate board that determines their compensation and…](https://sms4smile.com/quotes/paul-krugman/the-key-reason-executives-are-paid-so-much-now-is-that-they-appoint/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.](https://sms4smile.com/quotes/paul-krugman/i-ve-always-believed-in-expansionary-monetary-policy-and-if-necessary/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [...academic credentials are neither a necessary nor a sufficient condition for having your ideas taken seriously. If a famous professor repeatedly says stupid things,…](https://sms4smile.com/quotes/paul-krugman/academic-credentials-are-neither-a-necessary-nor-a-sufficient/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [It’s not about the budget; it’s about the power...So will the attack on unions succeed? I don’t know. But anyone who cares about retaining…](https://sms4smile.com/quotes/paul-krugman/it-s-not-about-the-budget-it-s-about-the-power-so-will-the-attack-on/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [When stock prices are rising, it's called ''momentum investing''; when they are falling, it's called ''panic.''](https://sms4smile.com/quotes/paul-krugman/when-stock-prices-are-rising-it-s-called-momentum-investing-when-they/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [I don't want a job in the administration; I think I'm more effective carping from the sidelines.](https://sms4smile.com/quotes/paul-krugman/i-don-t-want-a-job-in-the-administration-i-think-i-m-more-effective/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933.](https://sms4smile.com/quotes/paul-krugman/under-the-gold-standard-america-had-no-major-financial-panics-other/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/amorality/paul-krugman/#itemlist", "name": "1 Amorality Quotes By Paul Krugman", "numberOfItems": 1, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "In short, what the living wage is really about is not living standards, or even economics, but morality. Its advocates are basically opposed to the idea that wages are a market price-determined by supply and demand, the same as the price of apples or coal. And it is for that reason, rather than the practical details, that the broader political movement of which the demand for a living wage is the leading edge is ultimately doomed to failure: For the amorality of the market economy is part of its essence, and cannot be legislated away.", "creator": { "@type": "Person", "name": "Paul Krugman" }, "url": "https://sms4smile.com/quotes/paul-krugman/in-short-what-the-living-wage-is-really-about-is-not-living-standards/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/0f4/paul-krugman-2255_amorality_in-short-what-the-living-wage-is-really_1234573.png", "contentUrl": "https://sms4smile.com/quotes/i/0f4/paul-krugman-2255_amorality_in-short-what-the-living-wage-is-really_1234573.png", "url": "https://sms4smile.com/quotes/i/0f4/paul-krugman-2255_amorality_in-short-what-the-living-wage-is-really_1234573.png", "width": 1080, "height": 1080, "caption": "“In short, what the living wage is really about is not living standards, or even economics, but morality. 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