Everyone needs a little light relief sometimes, including the Nobel winning economist and writer/blogger extraordinaire Paul Krugman. A few months back he reminded the world of a short paper... Read more
“How are those men, thus thrown out of employ to provide for their families?” In 1786, the cloth workers of Leeds, a wool-industry center in northern England, issued a protest against the gr... Read more
Paul Krugman has recently taken a keen interest in the rise of robots and automation — an issue that I have been focusing on since the publication of my book on this subject back in 2009. In... Read more
It’s time to get started, before the robots and the robber barons turn our society into something unrecognizable. The American economy is still, by most measures, deeply depressed. But corpo... Read more
PAUL KRUGMAN Every once in a while I feel despair over the fate of the planet. If you’ve been following climate science, you know what I mean: the sense that we’re hurtling toward catastroph... Read more
Paul Krugman So the House passed the Waxman-Markey climate-change bill. In political terms, it was a remarkable achievement. But 212 representatives voted no. A handful of these no votes cam... Read more
Image via Wikipedia By PAUL KRUGMAN Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as “depressions... Read more
Do physicists have better tools than economists or financial experts for predicting economic crises? Mainstream economists largely failed to forecast the sub-prime mortgage bubble, the ensui... Read more