"The growth of the Internet will slow drastically,……" — Paul Krugman
"The growth of the Internet will slow drastically, as the flaw in 'Metcalfe's law'–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's."
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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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It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the…
See all 75 quotes by Paul Krugman »
More Apparent Quotes
This quote is filed under Apparent Quotes,
one of 455 quotes in that category. Here are a few more:
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Mohammed was not an apparent failure. He was a dazzling success, politically as well as spiritually, and Islam went from…
— Karen Armstrong
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Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable…
— Douglas Adams
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As more information becomes available, and the magnitude of the storm's impact becomes even more apparent, it becomes clear that…
— Jo Bonner
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It has long been apparent that many people in the media don't believe you're competent to make your own decisions.
— Harry Browne
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The plan was criticized by some retired military officers embedded in TV studios. But with every advance by our coalition…
— Dick Cheney
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Creativity represents a miraculous coming together of the uninhibited energy of the child with its apparent opposite and enemy, the…
— Norman Podhoretz
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Today it is becoming increasingly apparent to thoughtful Americans that we cannot fight the forces and ideas of imperialism abroad…
— Wendell Willkie
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Our task, then always, is to challenge the apparent forms of reality-that is, the fixed manner and values of the…
— Ralph Ellison
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Privilege is least apparent to those who have it.
— Clarence Page
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Now came still evening on, and twilight gray Had in her sober livery all things clad; Silence accompany'd; for beast…
— John Milton
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There was the man who seemed to be attempting to decieve his ball and lull it into a false sense…
— P.G. Wodehouse
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The advent of the rubber ball was instrumental in creating an entirely different method of striking the object. The solid…
— Harry Vardon
See all 455 Apparent Quotes »