Paul Krugman

In today’s New York Times, Paul Krugman takes on the plight of low-wage retail and fast food workers, who have seen their real wages fall almost 30 percent since 1973 even as this sector has become a larger part of our economy. During a season when Americans flood the stores for holiday...
It shouldn't require years of new research to make the obvious point that economic inequality is bad for democracy. Why? Because concentrated wealth translates into political power in ways that any seventh grade civics student can easily grasp (if civics were still taught). Rich people and...
Paul Krugman noted on ABC's This Week yesterday that the GOP's problem is that their "base is old white people." This is largely true. Exit polls show that Mitt Romney won all voters 65 and older by 12 percentage points, and white older voters by 22 points. Barack Obama won all voters under...
A prophet, says the Bible, is not without honor save in his own country. As the most prestigious economic dissenters of this era, Joseph Stiglitz and Paul Krugman form a category of two: astonishingly prescient, widely read, and largely ignored by those in power. Both won Nobel Prizes for their...
David Brooks is no economist and that shows in his recent column about private equity, in which he claims that private equity firms have pushed corporate America to get leaner and smarter. As Paul Krugman pointed out today, nothing of the sort happened -- because, in fact, productivity has not been...
In Stoppard's Rosencrantz & Guildenstern Are Dead, Guildenstern, just before his execution, says to his doomed friend: "There must have been a moment at the beginning, where we could have said no. Somehow we missed it. Well, we’ll know better next time." Michael Grabell's Money Well...
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