Peddling Prosperity by Paul Krugman

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Over the past 20 years, the search for a new magic in the American economy has created a distinctive cycle. In the 1980s, Milton Friedman and conservative academic economists found their work hijacked by Ronald Reagan's administration and the nation was left mired in debt. Now academic economists from the Left have developed new theories that challenge the faith in unregulated markets. However, with Clinton's administration, another group has rushed into power, preaching an overly simple message of competitiveness.

About Paul Krugman

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Paul Krugman was born on February 28, 1953. He received a B.S. in economics from Yale University in 1974 and a Ph.D from MIT in 1977. From 1982 to 1983, he worked at the Reagan White House as a member of the Council of Economic Advisers. He taught at numerous universities including Yale University, MIT, UC Berkeley, the London School of Economics, and Stanford University before becoming a professor of economics and international affairs at Princeton University in 2000. He has written over 200 scholarly papers and 20 books including Peddling Prosperity; International Economics: Theory and Policy; The Great Unraveling; and The Conscience of a Liberal. Since 2000, he has written a twice-weekly column for The New York Times. He received the 1991 John Bates Clark Medal and the 2008 Nobel Memorial Prize in Economic Sciences. His title End This Depression Now! made The New York Times Best Seller List for 2012.
Published January 1, 1994 by W. W. Norton & Company. 303 pages
Genres: Business & Economics. Non-fiction

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Toward these ends, he first warns that genus economicus encompasses two distinct species: academics (who pursue typically arcane research projects that, however slowly, can expand mankind's knowledge, if not immediate understanding) and policy entrepreneurs (high-profile go-getters willing to swa...

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In this intellectual history of recent American economic thought, Krugman ( The Age of Diminished Expectations ) maintains that there is ``a constant market for doctrines that play to popular prejudic

Jan 03 1994 | Read Full Review of Peddling Prosperity

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