"It should be possible to emphasize to students……" — Paul Krugman
"It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the short run on aggregate demand and depending in the long run on the natural rate of unemployment, with microeconomic policies like tariffs having little net effect. Trade policy should be debated in terms of its impact on efficiency, not in terms of phoney numbers about jobs created or lost."
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Paul Krugman
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75 Quotes by Paul Krugman
Paul Krugman has 75 quotes on this site.
A few more worth reading:
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Every once in a while I feel despair over the fate of the planet. If you've been following climate science,…
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We know that advanced economies with stable governments that borrow in their own currency are capable of running up very…
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However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is…
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The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.
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The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things…
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People respond to incentives. If unemployment becomes more attractive because of the unemployment benefit, some unemployed workers may no longer…
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Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the…
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Raising the minimum wage and lowering the barriers to union organization would carry a trade-off - higher unemployment. A better…
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I've always believed that a speculative bubble need not lead to a recession, as long as interest rates are cut…
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In fact, I'd say that the sources of the economy's expansion from 2003 to 2007 were, in order, the housing…
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Governments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by…
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Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you…
See all 75 quotes by Paul Krugman »
More Aggregate Quotes
This quote is filed under Aggregate Quotes,
one of 76 quotes in that category. Here are a few more:
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A people represents not so much an aggregate of ideas and theories as of obsessions.
— Emile M. Cioran
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He who by an exertion of mind or body, adds to the aggregate of enjoyable wealth, increases the sum of…
— Henry George
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The aggregate happiness of the society, which is best promoted by the practice of a virtuous policy, is, or ought…
— George Washington
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When the aggregate amount of solid matter transported by rivers in a given number of centuries from a large continent,…
— Charles Lyell
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I attempted to see famines as broad "economic" problems (concentrating on how people can buy food, or otherwise get entitled…
— Amartya Sen
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My share of the work of the world may be limited, but the fact that it is work makes it…
— John Harvey Kellogg
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One of the most helpful things that anybody can learn is to give up trying to catch the last eighth…
— Jesse Lauriston Livermore
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Now Manchester United are 2-1 down on aggregate, they are in a better position than when they started the game…
— Ron Atkinson
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Now it is worth noticing two things about the private substitutes that I have described. The first is that in…
— Unknown Author
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The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse…
— Ben Bernanke
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History, that is to say, the unconscious, universal life of humanity, in the aggregate, every moment profits by the life…
— Leo Tolstoy
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The Federal Constitution forms a happy combination in this respect; the great and aggregate interests being referred to the national,…
— James Madison
See all 76 Aggregate Quotes »